Trading glossary

E-Wallet E-Wallet Definition: An e-wallet (electronic wallet) is a digital application that stores payment credentials, funds, or cryptocurrency, enabling users to make transactions online or in-person with... EBID eBid Definition: An eBid (electronic bid) is a bid submitted through a digital platform or electronic trading system rather than through a traditional open-outcry floor or paper-based process. In f... Economic Capital Economic Capital Definition: Economic capital is the amount of capital a financial institution estimates it needs to absorb unexpected losses with a given level of confidence over a defined time ho... Economic Cycle Economic Cycle Definition: The economic cycle, also called the business cycle, is the recurring rise and fall of an economy's output, employment and spending around its long-term growth trend. Each... EIP-1559 EIP-1559 Definition: EIP-1559 is an Ethereum upgrade, activated in August 2021, that replaced the fee auction with a base fee set by the protocol and burned, plus an optional tip paid to the block ... Elliott Wave Theory Elliott Wave Theory Definition: Elliott Wave Theory is a technical analysis framework developed by Ralph Nelson Elliott in the 1930s, proposing that market prices move in repeating fractal patterns... Energy Market Energy Market Definition: The energy market is the set of physical and financial markets where crude oil, refined fuels, natural gas, electricity, coal and carbon emission permits are bought and so... Engulfing Pattern Engulfing Pattern Definition: The Engulfing Pattern is a two-candle reversal formation where the second candle's body completely engulfs the first candle's body, with body color reversed between th... Entry Point Entry Point Definition: An entry point is the specific price level at which a trader opens a position in an asset, determined through technical analysis, fundamental research, or systematic strateg... Epoch Epoch Definition: An epoch is a fixed period in a blockchain's timeline, measured in slots or blocks, at the end of which the network updates its validator assignments, settles staking rewards and ... Equity Equity Definition: Equity is the value of ownership that remains after all debts are subtracted from the value of an asset, calculated as assets minus liabilities. In markets it most often means ow... Equity Stake Equity Stake Definition: An equity stake is an ownership interest in a company, represented as a percentage of the total shares outstanding. Holding an equity stake entitles the owner to a proporti... ERC-1155 ERC-1155 Definition: ERC-1155 is a multi-token standard on Ethereum allowing a single smart contract to manage multiple token types — including fungible, non-fungible (NFT), and semi-fungible token... ERC-20 ERC-20 Definition: ERC-20 is the technical standard for fungible tokens on the Ethereum blockchain, defining a common set of functions that smart contract-based tokens must implement to ensure inte... ERC-721 ERC-721 Definition: ERC-721 is the Ethereum token standard that defines non-fungible tokens (NFTs) — unique digital assets where each token has a distinct identity and cannot be exchanged on a one-... ETF ETF Definition: An ETF, or exchange-traded fund, is an investment fund that holds a basket of assets, such as the 500 stocks in the S&P 500, and trades on a stock exchange throughout the day like a... Ethereum (ETH) Ethereum Definition: Ethereum is a decentralized computing platform launched in 2015 that enables smart contracts — self-executing code that runs on the blockchain without intermediaries. Unlike Bi... Ethereum Classic (ETC) Ethereum Classic Definition: Ethereum Classic (ETC) is the original Ethereum blockchain that remained unchanged after the 2016 hard fork in response to The DAO hack. When hackers exploited a smart ... Ethereum Merge Ethereum Merge Definition: The Ethereum Merge was the transition of the Ethereum network from a proof-of-work consensus mechanism to proof-of-stake, completed on 15 September 2022. The change cut E... Ethereum Virtual Machine (EVM) Ethereum Virtual Machine (EVM) Definition: The Ethereum Virtual Machine (EVM) is a decentralized computing environment that executes smart contract code across all Ethereum nodes, providing a Turin... Euro Stoxx 50 Euro Stoxx 50 Definition: The Euro Stoxx 50 is a stock market index tracking 50 of the largest blue-chip companies across the eurozone, weighted by free-float adjusted market capitalization. Launch... European Central Bank (ECB) European Central Bank (ECB) Definition: The European Central Bank (ECB) is the central bank for the countries that use the euro, responsible for setting the key interest rates that apply across the... Evening Star Pattern Evening Star Pattern Definition: The Evening Star is a three-candle bearish reversal formation appearing at the top of uptrends, consisting of a large bullish candle (continuation of uptrend), a sm... Exchange Rate Exchange Rate Definition: An exchange rate is the price of one currency expressed in units of another, such as 1.10 US dollars per euro or 150 yen per dollar. Most major currencies float, so their ... Exit Liquidity Exit Liquidity Definition: Exit liquidity is the pool of buyers that a large holder sells into when leaving a position, because a big sell order needs enough bids on the other side to avoid crashin... Exit Point Exit Point Definition: An exit point is the specific price level at which a trader closes an open position to realize profits or limit losses, executed through stop loss orders, profit targets, tra... Exotic Currency Pairs Exotic Currency Pairs Definition: Exotic currency pairs combine a major currency, usually the US dollar or the euro, with the currency of a smaller or emerging economy, such as USD/TRY, USD/ZAR or ... Expiry Date Expiry Date Definition: The Expiry Date (or expiration date) is the final date on which an options contract can be exercised — after which it ceases to exist and any unexercised in-the-money option... Exponential Moving Average (EMA) Exponential Moving Average (EMA) Definition: An EMA is a type of moving average that places greater weight on recent price data compared to older data, making it more responsive to current market c...