The article highlights the main issues of consecutive bilateral interpretation from the point of view psycholinguistics and translation studies. The daily translation is a well-established, ordinary, new terminology, which is translated according to a one-sided (sequential) model. The lexical stock of the translator is characterized as a complex system of language units, where the important place is occupied by functional words that serve as connecting or expressive elements in semantic units-phrases and sentences. The communicative process, which is performed according to its status of the language level has analyzed. Varieties of the speaker’s language have distinguished in translation practice. The concept of oral and consecutive translation has substantiated. The sign system of communication has developed. Praxemics has considered as one of the areas of psychology in the study of nonverbal communication, that is covering the doctrine of touch, kinesics, time structure. The physiological basis of the translator’s perception has revealed. The translator is a person who constantly interacts with the world around him. Any act of such interaction is based on the sensory representation of its immediate environment, which includes general orientation, assessment of the location relevant objects, their physical properties, situational significance, behavioral, symbolic or aesthetic content. The concept of „primary information” has formulated, which serves as a source for the emergence and functioning of higher forms of mental activity that is going beyond the immediate given and provide regulation of various oriented, cognitive, practical activities (locomotion, problem solving, social communication or labor operations etc.).