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Explore clear definitions, everyday examples and lesson contexts.
Showing 12 of 17 matching terms
A written condition that another learner can check from the same data available at the same time.
Example: Two learners use the same boundary, completed-close condition and cutoff to decide whether a fictional case qualifies.
Keep in mind: A repeatable observation is not automatically a trading edge or a reason to enter a position.
Deciding protocol changes through public proposals, discussion and voluntary software upgrades, rather than through votes recorded on the blockchain.
Example: Neighbours discuss a rule and choose whether to adopt it. A blockchain community can similarly coordinate through discussion and software choices rather than a binding token vote.
Open, high, low and close: four prices summarising a defined interval and price series.
Example: A daily weather summary has several measurements; an OHLC bar similarly summarises selected price facts for one period.
Keep in mind: Four numbers do not reveal the full path or the order of every move.
An on-ramp converts national currency into crypto, for example by bank transfer or card. An off-ramp converts crypto back into national currency and pays it out.
Example: A Canadian learner uses CAD to acquire crypto through an on ramp, and later converts crypto to CAD through an off ramp. Each step can have fees, limits and verification requirements.
A link between two instructions intended to cancel one when the other executes, according to the system’s rules.
Example: A learner plans two alternative demo exits but does not want both remaining active after one completes.
Keep in mind: Check partial fills, cancellation delays and remaining exposure rather than assuming perfect coordination.
The number of derivatives contracts still open at a point in time. Each contract has one long side and one short side, and it is counted once.
Example: If 100 contracts remain open, they represent 100 matched long and short pairs, not 200 contracts. A data service may display a money equivalent instead, so read the units.
Keep in mind: Read the reporting units: a service may publish contracts, asset units or a converted notional amount.
A mechanism supplying information to blockchain applications, often bringing outside data such as prices on chain. Its sources, update rules and trust assumptions affect applications that rely on it.
Example: A heating controller needs a thermometer reading. A contract using an external price likewise depends on the quality and freshness of the supplied reading.
Keep in mind: An oracle does not guarantee the truth of the information it supplies.
An instruction to transact under stated conditions, size and duration. It can be waiting, rejected, partly executed or fully executed.
Example: Asking a shop to supply an item is an instruction; it is not the same as receiving the item.
Keep in mind: Submitting an order does not prove that a position has opened or closed.
Buying or selling activity or order information under a named source and classification method.
Example: A shop’s record of completed purchases differs from customers’ pending requests or changes to its price board.
Keep in mind: Executed trades, resting orders and quote updates are different records; none reveals every participant’s intention.
Judging decision quality mainly from its eventual result instead of the information and rules available at the decision time.
Example: An unplanned demo position wins, so the learner praises the rule breach as a good decision.
Keep in mind: A win does not validate a bad process, and a loss does not by itself prove a reasonable process was bad.
A loan supported by collateral worth more than the borrowed amount at the stated valuation time. This buffer can shrink; liquidation, price gaps or other failures can still leave losses.
Example: A lender takes security worth more than a loan when it starts. If that security falls quickly or cannot be sold, the extra starting value may not prevent a loss.
A market where transactions are arranged between counterparties rather than through one central exchange for the whole market.
Example: Different currency providers can quote different prices for the same intended conversion.
Keep in mind: There is no single complete retail Forex order book showing every available transaction.
An indicator label for a reading above a chosen upper threshold. For RSI, 70 is a common convention, not a universal rule.
Example: An invented RSI reading of 75 is above that stated threshold.
Keep in mind: It does not mean a currency must fall or is expensive by an economic valuation.
Treating limited knowledge or evidence as a stronger demonstration of accuracy or control than it supports.
Example: After three successful practice cases, a learner assumes every later fill will match the planned price.
Keep in mind: Confidence is not evidence that uncertainty, execution differences or alternative outcomes disappeared.
A holding adjustment associated with keeping an eligible position across the provider’s financing cut-off. It can be a debit or credit.
Example: Two otherwise similar illustrative positions held for different periods may have different holding adjustments under the provider’s terms.
Keep in mind: Do not assume every instrument, direction or date uses the same calculation.
An indicator label for a reading below a chosen lower threshold. For RSI, 30 is a common convention, not a universal rule.
Example: An invented RSI reading of 25 is below that stated threshold.
Keep in mind: It does not mean a currency is a guaranteed bargain or must rise.
Taking actions beyond what a stated method, risk policy or practical schedule supports. There is no universal number of trades that defines it.
Example: A learner’s plan permits one bounded demo exercise, but they keep submitting extra unplanned orders.
Keep in mind: Even one unsupported action can breach a plan; a structured observation log is not automatically overtrading.