# Glossary

## Account & Security Terms

**Wallet** Your crypto wallet (like MetaMask) that you use to log in. Think of it like your username - it proves who you are.

**Trading Wallet** The secure wallet QuantsEdge creates for you automatically. This is where your trading funds actually live. Only you can access it.

**Biometric Login (Face ID / Touch ID)** On iOS, you can use your face or fingerprint to log in instead of signing with your wallet every time.

**Session** Your login stays active for 24 hours. After that, you just need to sign another message to log back in.

## Trading Terms

**Bot** An automated trading program that follows your strategy and trades for you 24/7.

**Strategy** The rules your bot follows to decide when to buy and sell. For example: "Buy when price is rising, sell when it starts falling."

**Position** An active trade. If you bought ETH, you have an "open position" until you sell it.

**Order** An instruction to buy or sell. "Market order" = buy/sell right now. "Limit order" = buy/sell only at a specific price.

**Leverage** Borrowing money to trade larger positions. 2x leverage means you can trade $200 with only $100. Higher leverage = higher risk.

## Strategy Testing Terms

**Backtest** Testing your strategy on past market data to see how it would have performed. Like a time machine for trading.

**Paper Trading** Practice trading with real market prices but fake money. Your bot trades normally, but no real money is at risk.

**Testnet** A practice version of the Hyperliquid exchange where you can test everything exactly like real trading, but with test tokens.

**Live Trading** Real trading with real money on the real exchange.

## Risk Management Terms

**Take Profit (TP)** An automatic exit when you've made enough profit. For example: "Sell when I'm up 5%."

**Stop Loss (SL)** An automatic exit to limit losses. For example: "Sell if I'm down 2%." This protects you from big losses.

**Kill Switch** Emergency brake that stops all trading if your total losses get too big. Helps prevent disaster.

**Position Limit** Maximum size you can trade at once. Prevents you from accidentally risking too much.

**Drawdown** How much you're down from your highest point. If you had $1,000, went up to $1,200, then dropped to $1,100, your drawdown is $100.

## Market Terms

**Perpetual Futures (Perps)** A type of crypto contract that lets you trade the price without actually buying the crypto. Most common type on Hyperliquid.

**Trading Pair** What you're trading. "ETH-USD" means Ethereum priced in US dollars.

**Mid Price** The middle point between the buy and sell price. Usually the "current price" you see on charts.

**Liquidity** How easy it is to buy or sell without moving the price. High liquidity = good, you can trade easily.

## Strategy Types

**Momentum Strategy** Buy when price is trending up, sell when momentum slows. Tries to "ride the wave."

**Mean Reversion Strategy** Buy when price drops too far, sell when it bounces back. Assumes prices return to average.

**Breakout Strategy** Buy when price breaks above a resistance level. Tries to catch big moves early.

## Fees & Tokens

**Trading Fees** Small percentage charged on each trade by the exchange (Hyperliquid).

**QE Token** QuantsEdge's upcoming token. Holders may get reduced trading fees (details coming soon).

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### Learn More

* [Quick Start Guide](/quantsedge-docs/getting-started/quick-start.md) to start using these concepts
* [FAQ](/quantsedge-docs/reference/faq.md) for answers to common questions
* [Trading Bots](/quantsedge-docs/trading-bots/bots.md) to understand bot strategies


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