Forex and Crypto for Beginners
Our cryptocurrency glossary helps you decipher crypto jargon back into plain English. Learn the terms that you’ll come across on your crypto journey.
A Range-Bound Market, also referred to as a choppy market or noisy market, is where price bounces up and down between a high price and a low price. The low price acts as support, and price just can’t seem to break through it. The high price acts as resistance, and again, price can’t seem to […]
Blockchain technology is at the heart of most cryptocurrencies. Distributed ledger technology has revolutionized the recording and tracking of digital assets. Blockchain networks are delivering...
A blockchain that isn’t fully operational and deployed to a production environment. Testnets are great for troubleshooting bugs, testing all features of the blockchain, and confirming that the system is secure before launching to mainnet. Testnets aren’t monetized, so no funds are at risk and no fees are paid.
The Merge signifies a time in the future when the Ethereum blockchain transitions from the proof-of-work (PoW) consensus mechanism to a proof-of-stake (PoS) blockchain.
A timestamp represents some moment in time. In cryptocurrency, a timestamp represents the exact moment in time that a block was mined and validated by a blockchain network. Cryptocurrency exchanges and wallets also provide transaction timestamps that provide a chronological record of all transactions that have taken place over some period of time in that wallet.
A Token is a digital asset that operates on a parent blockchain or on another digital asset’s blockchain because it doesn’t have a blockchain of its own. The term “token” also tends to describe almost all other cryptocurrencies other than Bitcoin and Ethereum, the two largest cryptocurrencies in existence today. Tokens have multiple purposes and use cases.
Tor, originally called The Onion Router, is a decentralized network that encrypts all user traffic between its servers.The network provides anonymity to anyone that uses it. Because of that feature, the Tor network has become famous for providing access to the Dark Web.
Total Supply refers to the total amount of coins or tokens of a specific cryptocurrency that have been created or mined, that are in circulation, including those that are locked or reserved. Coins that have been burned or destroyed should be subtracted from the total supply amount.
Crypto trading bots are software apps that do trading-related tasks, in an automated fashion, such as executing crypto trades or providing crypto market alerts.
One of the most widely used charting platforms on the planet. Traders can use TradingView to paper trade (demo) or live trade stocks, cryptocurrencies, Forex, indices, futures, and bonds.
Fees charged by a blockchain network to execute and validate transactions on that blockchain network. Fees are used to incentivize miners to complete complex and expensive cryptographic problems to validate transaction blocks to the leger of a blockchain.
The goal of a successful trader is to make the best trades. Money is secondary.Alexander Elder