Account- a record in the database, containing information about users and other objects of the system.
Balance- summarized financial state 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 the base currency.
Deposit- funds put on the account for further transactions.
Financial instrument- any asset that can be bought, sold or traded. The main financial instrument in MrGuru is the Crypto currency.
Technical analysis (graphical analysis)- a type of market analysis, that allows for future changes to be influenced by patterns of its behaviors in the past due to the memory of the market.
Trading platform (trading terminal)- a trader’s software, that allows the execution of trades from a computer or another telecommunication device.
What are Cryptocurrencies?
A cryptocurrency is a digital or virtual medium of exchange for goods and services. Each cryptocurrency is secured by cryptography, that allows the safety and verification of each transaction, in addition to regulating the creation of new units of each specific type of cryptocurrency. A defining feature of cryptocurrencies are that they are limited records in a data bank that no one can alter unless certain criteria are met.