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Take Profit Order: A customer's instructions to buy or sell a currency pair which, when executed, will result in the reduction in the size of the existing position and show a profit on said position.
Technical Analysis: An effort to forecast prices by analyzing market data, i.e. historical price trends and averages, volumes, open interest, etc.
Tick: The smallest possible change in a price, either up or down.
Tomorrow Next (Tom/Next), (T/N), T/N Roll: The process of moving the settlement value date on an open position forward from one business day after the trade date (tomorrow), to the next valid value date (next), the spot value date.
Transaction Date: The date on which a trade occurs.
Turnover: The total volume of all executed transactions in a given time period.
Two-Way Price: A quote in the foreign exchange market that indicates a bid and an offer.
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