Trading is an area of earning cryptocurrency that needs accurate knowledge before venturing into it. When you know and have good experience on rading, you will enjoy it.
These are some of the terms and terminologies used by people who are into trading. These are to be lookedout for by those are are still learning or who intend going into trading:
Exchange - website where you can buy and sell crypocurrencies. Example of some exchange sites are; Binance, Bittrex, Kucoin, Okex, HitBTC and many more.
EMA - Exponential Moving Average. This is a moving average that reacts faster to recent price changes than a simple moving average.
Arbitrage - an opportunity based on taking advantage of the difference in price of the same coin on two different exchanges. For instance, buying a coin cheaply on one exchange and selling high on another exchange.
Bollinger Band - A margin around the price of a crypto that helps indicate when a coin is overbought or oversold.
MACD - Moving Average Convergence Divergence. A trend indicator that shows the relationship between two moving averages of prices.
FIAT - Goverment-issued currency, such as US dollar, Euro.
Limit order / limit sell / limit buy - Orders placed by traders to sell or buy a crypto-currency when the price meets a certain amount.
Sell wall / buy wall - The act of using a depth chart, traders can see the current limit buy and sell points.
Market order / market buy / market sell - This is simply the purchase or sale on an exchange at the current price. Market buys purchase the cheapest coin or altcoin available on the order book, and market sells fill the most expensive buy order on the books.
Margin trading - This is the act of ‘magnifying’ the intensity of your trades by risking your existing coins.
Going long - A margin trade that profits if the price increases.
Going short - A margin trade that profits if the price decreases.
Pump And Dump - recurring cycle of a coin or altcoin getting a lot of attention, leadin to a fast price rise and afterwards, a huge fall.
FOMO - Fear Of Missing Out. An overwhelming feeling that you need to get on the train when the price of something starts to skyrocket.
FUD - Fear Uncertainty Doubt. Unsubstantiated negative news, spread by someone that wants the price of something to drop.
FUDster - Someone that is spreading FUD.
Bagholder - Someone who is still holding an altcoin after a pump and dump crash. This is also someone holding a coin that is sinking in value with few future prospects.
ROI - Return on Investment. Percentage of money made, compared to the initial investment. There are times that the ROI can be above 1000%.
TA - Trend Analysis or Technical Analysis. This is the prediction on which way the market will move next by observing of examining the current chart.
Bullish - this means price increase and could also be an expectation.
Bearish - this means price decrease and could also be an expectation.
ATH - All Time High. This is the highest, lowest, best, etc. level or price that has ever been.
Altcoin - Generally any crypto-currency other than Bitcoin or Ethereum. (Though some Bitcoin folks would probably still say Ethereum is an altcoin)
Tokens - Refers to the cryptocurrency of projects built on the platform of another network that have raised money via issuing their own tokens.
ICO - Initial Coin Offering.
Shilling - Someone essentially advertising another cryptocurrency. If a coin is promised to cure an ailment or provide a solution to an existing problem, it is being shilled.
Stable coin - A cryptocurrency with extremely low volatility that can be used to trade against the overall market.
This is a big help for me regarding terms in cryptocurrency. Though I am totally used to using these terms but at least I can have an idea on what it is when used.