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Trading Glossary

Glossary trade refers to a type of trading strategy where traders use a predefined set of terms, definitions, or concepts to make informed decisions. It often involves industry-specific jargon, financial metrics, and analytical tools to navigate markets effectively.

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Truflation

Truflation is a private economic-data service that publishes daily inflation estimates and other indicators using prices collected from multiple data sources. Its inflation measures are designed to update more frequently than official monthly consumer-price reports. The figures should not be treated as an early release of the official CPI. Truflation uses its own data, weights, processing, and methodology, so its result can differ from government statistics even when both are measuring consumer inflation. The service can offer a faster view of price changes, while official indices remain the recognised figures used for many laws, contracts, and policy decisions.

Tunisian Dinar (TND)

Most currencies divide one main unit into 100 smaller parts. The Tunisian dinar is different: one dinar equals 1,000 millimes. Its code is TND, and prices may also use the local abbreviation DT. The Central Bank of Tunisia issues and manages the currency. A price of 2.500 dinars can mean two dinars and 500 millimes, depending on the local format, not two thousand five hundred dinars. This three-decimal structure is worth remembering when reading menus, receipts, or exchange documents. The dinar is mainly exchanged within Tunisia, so travellers often convert foreign money after arriving rather than purchasing TND abroad.

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.

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