Elliott Wave Theory is a technical analysis approach that is based on the belief in cycles in the mass psychology of investing. According to Elliott Wave Theory, financial markets follow a familiar pattern of successively smaller 5-3 waves, with the 5 on-trend waves being interspersed with 3 opposite-trend counter-waves. Within each wave of the larger […]
A commodity is a loose term that describes a set of primary goods with shared features. Commodities are usually natural products that are used as first-stage inputs into more complex manufactured goods. Commodities are generally seen as interchangeable within their sub-class and grade. For example, copper is one of the world’s most widely used commodities. […]
Forex is the abbreviation for foreign exchange, which is the informal market for currency trading. There are no centralized currency exchange markets, but rather a loose collection of primary and secondary currency dealers that trade in an over-the-counter (OTC) market according to both national rules and international standards and conventions. Anyone can trade in the […]
Revenue is the amount of money earned by a business from the sale of goods and services to individuals and other businesses. It is recorded in the income statement as sales. Revenue can also be earned through the use of capital or assets that are associated with the organization’s main operations before expenses and other […]
Market breadth is a concept from technical analysis that uses various comparison measures of advancing and declining company stock prices to gauge overall market sentiment. The degree to which companies are advancing relative to companies that are declining is seen as a measure of current market trends. The Theory of Market Breadth The use of […]
A market cycle is any process related to securities that is perceived to operate on a somewhat predictable and repetitive pattern. A market cycle could be related to a specific industrial sector, a subset of stocks or an interrelationship between commodities, among many other possible examples. The most well-known and accepted market cycle is the […]
Dow theory is a theory related to the general business cycle that uses Dow Jones compiled averages to interpret the strength of any proposed expansion or contraction of the market. Under this theory, if both the Dow Jones Industrial Average (DJIA) and the Dow Jones Transportation Average (DJTA) are crossing new highs or lows, then […]
A mining rig is any computer that is used to process the distributed digital ledger at the core of a cryptocurrency. Some mining rigs are dedicated computers designed to maximize the return on the purchase price and running cost, while other mining rigs are merely used casually or part-time when they are not performing other […]
In the cryptocurrency sector, cold storage is the act of storing cryptocurrency ID keys somewhere that is inaccessible through the Internet. Cold storage is intended as a means of protecting the ownership of coins from malicious hacking. An ID Key For Every Cryptocurrency Coin Cryptocurrencies are a digital form of currency, so there is no […]
Proof of work is a cryptographic term describing a system or function that requires work or effort on the part of a user. It is essential to the mining process that drives a cryptocurrency, where the distributed digital ledger at the core of a cryptocurrency is updated by users who are required to perform costly […]
