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.
Personal or business wallets controlled by a company or cryptocurrency exchange (like Coinbase or Binance), which stores your private keys for you. Custodial wallets are considered less safe than noncustodial wallets because if hackers were able to access an exchange’s network, they could potentially access your private keys and ultimately have complete control of your account balance, allowing them to steal your digital assets.
The cryptocurrency industry is made up of 15,000+ different cryptocurrencies, dozens of blockchain companies and platforms, startups, investors, foundations, regulators, influencers, and more, all...
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 […]
slang for “wrecked”. It describes a trader who has lost a substantial amount of money on a single trade, lost over the course of many trades, or lost by just hodling. Rekt also describes crypto assets themselves, those that have suffered huge drops in value.
We invest or buy low and sell high or swap currencies in hopes of taking our initial investment and growing it larger. This gain (or loss) over (or under) our initial investment can be calculated into a single number or a percentage gain/loss. The percentage metric is then used as a reference point or future comparison for good or bad performances, unique to the person. That value can be used to gauge the profitability of a trade or investment.
A scam tactic perpetrated against crypto traders and investors, that results in all investment funds disappearing without a trace. The scam usually takes the shape of scammers setting up a brand new coin that promises instant gains or too-good-to-be-true scenarios. Once the coin is made public, the scammers (criminals) drum up attention on social media and chat rooms, in hopes of enticing investors to buy the cryptocurrency of the project. The fraud materializes when the founders of the coin disappear without notice, taking all investor funds with them.
Follow your instincts. That's where true wisdom manifests itself.Oprah Winfrey