Basics of Trading and Finance (Part 26) : Trading and Finance Terminology : G (116-120)
Intro
IntroAs a moderator of the Tron Fan Club community, I regularly write various tutorials on crypto blockchain and Tron related matters. The main purpose of these tutorials is to make our new users aware of these topics. In continuation of that I am writing tutorials on trading and finance. Hope you can easily learn some details of trading and finance through this tutorial series.
Trading is not so easy but not so tough as well. If you don't know much about it, don’t worry. I bring you simple tutorials to help you understand trading basics step by step. In this part I shall define some important trading terms starting with the letter "G."
116 Gas:
Gas means fuel. Gas is like the fuel for transactions on a blockchain. Every time you send crypto, interact with a smart contract or swap tokens you need to pay gas fees. These fees go to miners or validators who process transactions. The more complex the action, the higher the gas fee. Gas fees change based on network traffic that is a basic problem with high gas fee. If too many people are using the blockchain, fees go up. If fewer people are using it, fees drop.
Example: Suppose you want to send 1 ETH to your friend. The network may charge a gas fee of 0.002 ETH. If the network is busy, the fee might increase to 0.005 ETH.
117 GDP (Gross Domestic Product):
It is a terms of economics. GDP measures the total value of goods and services a country produces in a year. It tells how strong or weak an economy is. A high GDP means the economy is doing well. A low GDP shows slow growth. All the assets of a country is incorporated here and the services as well.
Example: If Bangladesh GDP is $450 billion, it means the country produced goods and services worth $450 billion in one year. If next year the GDP rises to $455 billion, it means the economy has grown.
118 Genesis Block:
The genesis block is the first-ever block in a blockchain. It is like the foundation of a building. Without it, the blockchain cannot exist. Every other block is linked to it. Bitcoin’s genesis block was created by Satoshi Nakamoto in 2009. It contained a message about the financial crisis of that time.
Example: Bitcoin’s genesis block had a hidden message: “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.” This was a newspaper headline showing why Bitcoin was created to avoid dependence on banks.
119 GitHub:
GitHub is a website where developers store and share their code. It’s like Google Drive but for coding. Many crypto projects, like Bitcoin and Ethereum, have their code on GitHub. Developers use it to improve projects and fix bugs. It is also a great place to learn coding. Anyone can see, copy, or contribute to open-source projects. Most blockchain projects use GitHub to show their transparency.
Example: Suppose a developer wants to update Ethereum’s smart contract feature. They write new code and upload it to GitHub. Other developers review it before adding it to Ethereum’s system.
120 Green Candle
A green candle appears in trading charts when the price of an asset goes up. It means buyers are in control. The candle starts at the opening price and ends at a higher closing price. Traders love green candles because they show profit. If you see a long green candle, it means strong buying pressure. Short green candles mean small price increases.
Example: Suppose Bitcoin starts the day at $50,000 and rises to $52,000. The trading chart will show a green candle, meaning Bitcoin’s price went up that day.
These were some important terms in trading and crypto starting with "G." Learning them will help you trade more confidently. Thanks.
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