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STARTRADER星邁的強勢崛起

全球成長最快的經紀商
之一

交易術語

術語交易指交易者運用預定義的術語體系、概念框架及行業指標進行決策的策略類型,涵蓋專業術語、金融指標與分析工具,助您高效駕馭市場。

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T

Timeframe

The length of time represented by each candle or bar on a price chart.

TINA: There Is No Alternative

TINA stands for “There Is No Alternative.” In markets, the phrase describes a belief that one asset class looks attractive mainly because the alternatives appear worse. When interest rates are very low, investors may say TINA supports shares because cash and government bonds offer little return. The argument is relative, not absolute. It does not claim that shares are cheap or safe, only that other choices look less appealing. TINA can lose force when bond yields rise or new opportunities appear elsewhere. It is a market narrative rather than a valuation method, economic law, or instruction that investors must choose the asset being discussed.

Tokyo session

The Tokyo session is the part of the global trading day centred on business hours in Japan. It is often grouped with the wider Asian session, which also includes activity from centres such as Singapore, Hong Kong, Sydney, and Wellington. Yen pairs are usually most closely associated with this period, although the Australian and New Zealand dollars can also be active. Liquidity may be lower than during the London and New York overlap, so some currency pairs can trade within narrower ranges. Economic news from Japan, China, Australia, or New Zealand can quickly change that pattern. Exact session times depend on the time zone used by the platform.

Tom-Next

Tom-Next is the rollover adjustment applied when a spot foreign-exchange position is carried from one business day into the next. The name comes from “tomorrow-next,” the two settlement dates involved. The adjustment mainly reflects the difference between short-term interest rates in the two currencies. Holding the currency with the higher rate can sometimes create a credit, while holding the lower-rate currency can create a charge, although provider costs also matter. Wednesday rollovers often include extra days to account for weekend settlement. The number shown by a broker may be called swap, rollover, financing, or tom-next points.

Tomorrow Next

Tomorrow Next is the full written form of Tom-Next and tom/next. It does not describe a new trade idea. It describes the short foreign-exchange swap used to delay settlement by one business day. One side of the swap closes the position for tomorrow’s value date, while the opposite side reopens it for the next date. Retail traders usually do not arrange both transactions themselves. The broker applies the resulting rollover adjustment automatically when a position stays open past the daily cut-off. The three spellings refer to the same basic mechanism, although individual providers may calculate and label their charges differently.

Tomorrow next (tom/next)

A spot currency trade normally has a set settlement date. Tom/next is used to move that settlement from tomorrow to the following business day. It combines two opposite currency transactions with different value dates, allowing an open position to continue without the trader taking delivery of the currencies. The price adjustment reflects the interest-rate difference between the two currencies, along with market and provider costs. Depending on the position, this can create a small credit or charge. Weekends and holidays can make the adjustment cover more than one day. Tom/next is therefore part of the daily rollover process in foreign exchange trading.

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