Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Turkish Lira (TRY)
Six zeros disappeared from Turkey’s currency on 1 January 2005. One million old lira became one New Turkish lira. The word “New” was then removed in 2009, leaving the Turkish lira used today. Its international code is TRY, its symbol is ₺, and one lira contains 100 kuruş. The redenomination made prices and accounting easier to read, but it did not increase everyone’s real wealth. A salary of 1,000,000,000 old lira simply became 1,000 new lira at the conversion rate. Old historical prices must therefore be checked carefully to see whether they were recorded before or after the zeros were removed.
Turkmenistan Manat (TMT)
Turkmenistan uses the manat, identified internationally by the code TMT. One manat is divided into 100 tenge. The current version entered circulation in 2009 through a redenomination of the earlier manat. Five thousand old manat were exchanged for one new manat, removing several zeros from everyday prices. “New manat” may still appear in historical explanations, but TMT is the code for the present currency. The Central Bank of Turkmenistan issues the banknotes and coins. Because Kazakhstan also uses a smaller currency unit called the tenge as its main currency name, the code TMT prevents confusion in international records.
Turtle Channel
A Turtle Channel marks the highest high and lowest low reached during a chosen number of periods. It is closely linked to the breakout rules used by the famous Turtle Trading system. A 20-day upper line, for example, shows the highest price from the latest 20 days. A move above it may be treated as an entry signal, while a break below another channel length may provide an exit. Unlike a manually drawn trend channel, its boundaries are calculated directly from recent highs and lows. The method can capture large trends, but sideways markets may create repeated breakouts that quickly fail.
Tweezer Bottom
Two candles reach almost the same low after a decline, but the market refuses to continue downward. This shape is called a Tweezer Bottom. The first candle usually reflects selling, while the second shows that buyers defended a similar price area. The matching lows create the “tweezer” appearance. Traders view it as a possible bullish reversal, especially when it forms near established support. The candles do not need to be identical in body size or colour. What matters most is the shared low and the surrounding downtrend. A later rise can strengthen the interpretation, while a break below both lows weakens it.
Tweezer Top
A Tweezer Top is the opposite of a Tweezer Bottom. It appears after a rise when two neighbouring candles reach nearly the same high and then fail to move further upward. The repeated high suggests that sellers entered around the same level twice. This can warn that buying momentum is fading. The first candle may be strongly positive and the second weaker or negative, but their upper extremes are the central feature. Traders often look for confirmation from a later decline or nearby resistance. The formation identifies a possible turning point; it does not mean every pair of matching highs will begin a downtrend.
Two-way price
A two-way price contains two numbers: the bid and the offer. The bid is the price at which the quoting dealer is willing to buy, while the offer is the price at which the dealer is willing to sell. EUR/USD quoted at 1.1000/1.1002 has a bid of 1.1000 and an offer of 1.1002. The difference between them is the spread. A customer selling the base currency deals at the bid, while a customer buying it deals at the offer. Showing both sides makes the cost and current buying and selling interest visible.
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