This lecture is absolutely critical if you are very new to trading, and getting a good understanding of this information will be vital if you want this course to be of any use to you. I’m going to go over the basic terminology you will need to understand throughout this course.

Bull/Bullish - This is the term we use when we are speculating that an asset will rise in price

Bear/Bearish - This is the term we use when we are speculating that an asset will fall in price.

Scalping - A type of trade in which the trader is looking to take advantage of a small fluctuation in price, usually opening and closing the trade within a day.

Swing Trading - A trade in which the trader is looking to take advantage of price moves over the short-medium term, usually holding a trade within a few days or weeks.

Exchange - A business which allows customers (us) to buy and sell crypto assets

Long - This is a trading position whereby the trader looks to profit from an increase in the price of the asset

Short - This is a trading position whereby the trader looks to profit from a decrease in the price of the asset

Market Order - An order executed on an exchange to buy or sell an asset at the best current available price

Limit Order - An order executed on an exchange to buy or sell an asset at a price specified by the trader.

Stop Loss - A risk-management technique, placing an order to sell an asset at a certain price to limit potential losses during a trade

Take Profit - An order that specifies a price by which an open position will be closed for profit.

Risk:Reward - If you risk $100 in a trade to make $200 profit, your risk:reward ratio is 1:2, however it is commonly referred to as 2:1 in the trading industry.

Hedging - A risk management technique used to offset losses on a trade by taking a position on the other side of the trade in a related asset.

As you progress through the course you will be introduced to more complex and specific terminology, the terminology above is the basics you will need to keep up with the course.