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GLOSSARY

Account- the record in the database, which contains information about user and other objects of the system.

Balance- the sum of funds on the trading account after finishing the last transaction at a certain period.

Base currency- the currency that stands first in the currency pair. All transactions are made with base currency.

Deposit- funds put on the account for further transactions.

Financial instrument- a market product type of the financial environment (namely Crypto currency)

Technical analysis (graphical analysis)- a type of market analysis, where forecast is based on the fact that the market has memory and future changes will be influenced by patternsof its behavior in past.

Trading platform (trading terminal)- a trader's software, that lets execute trade from the computer or another telecommunication device.

What are Cryptocurrencies?

A cryptocurrency is a digital or virtual form of currency which was created to function as a method of exchange for goods and services. Each cryptocurrency makes use of cryptography to safeguard and verify each transaction, as well as to regulate the creation of new units of each specific type of cryptocurrency. Fundamentally, cryptocurrencies are limited records in a data bank that no one can alter unless certain criteria are met.