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Glossary

Every term Aureus uses, in plain words: what it means, never whether to use it.

Your portfolio

Practice account

Also called: paper account, paper trading

An account that trades with simulated money at real market prices. Nothing you do in it moves real funds.

In practice: Your balance, positions and fills behave like the real thing — the prices are live and the fees are modelled — so what you learn transfers. What does not transfer is the loss: nothing here can cost you money.

What it is not: Not a demo of Aureus and not a free trial. It is the product. Aureus never holds your funds and places no real trades.

Full article: What a practice portfolio is — and isn't →

Equity

Also called: portfolio value

The total value of a portfolio right now — cash plus everything held, at current prices.

In practice: The big number at the top of Home. It moves when prices move, even if you do nothing.

What it is not: Not the same as profit — a portfolio can have high equity and still be down from where it started.

Full article: What a practice portfolio is — and isn't →

Position

A holding in one symbol: how many units you own and what you paid for them on average.

In practice: Each card under “Your positions” is one position. Buying more changes its average cost; selling some leaves the average untouched.

Full article: What a practice portfolio is — and isn't →

Value

Also called: market value

What a position is worth right now: quantity times the current price.

In practice: The labelled number on the right of a position card. For 31 DOT at $0.82, the value is $25.48 — the position's worth, not the coin's price.

What it is not: Not a unit price — whenever quantity isn't exactly 1, the two are different numbers.

Day change

How much a value moved over the last 24 hours, in money and percent.

In practice: On Home it's the change in your whole portfolio over the last day; on a market row it's the change in that one price.

Open P&L

Also called: unrealised P&L

Profit or loss on positions you still hold — “open” because you haven't sold.

In practice: It moves with the price until you close the position. Selling converts it into realised P&L at whatever the price is at that moment.

What it is not: Not money in your pocket — an open gain can shrink or reverse before you sell.

Full article: Average cost basis →

Realised P&L

Profit or loss locked in by selling, measured against your average cost.

In practice: It appears on the trade receipt when you sell. Once realised, later price moves don't change it.

Full article: Average cost basis →

Average cost

Also called: cost basis, avg

The average price you paid per unit, across every buy in the position.

In practice: Buying more re-averages it; selling doesn't move it. Your P&L is always measured against this number.

Full article: Average cost basis →

Reset practice

Returns your practice cash to its starting balance and clears open positions.

In practice: Your trade history is never deleted — the reset is added to it as an event, so the record of what you did stays complete.

What it is not: Not an undo. Past trades remain on the record.

Trading

Fill

Also called: fill price, execution

The completion of a trade at a specific price.

In practice: Aureus fills practice orders in full at the current quote. The receipt shows the exact fill price, which may differ slightly from the price you saw a moment earlier.

Full article: What trading actually costs →

Quantity

Also called: fractional units

How many units a trade buys or sells.

In practice: Crypto trades in fractions — 0.5 BTC is an ordinary quantity. You never need to afford a whole coin.

Practice fee

Also called: taker fee

The 0.40% fee Aureus charges on practice crypto trades, modelled on real exchange rates.

In practice: It's charged to your practice cash as its own labelled line, so you can see exactly what the friction costs. It's close to what an exchange charges.

What it is not: Not real money and not revenue. Real trading isn't free, so practice isn't either.

Full article: What trading actually costs →

Limit order

Also called: resting order

An order that names your own price instead of taking whatever the market is at right now.

In practice: A market order fills immediately at the current price. A limit order waits: you say what you'll pay, and it fills only if the market reaches it.

What it is not: Not a guarantee. If the price never reaches your level the order simply doesn't fill — and even when it does touch briefly, an order can be missed. That is true of real limit orders too, not just ours.

Full article: What trading actually costs →

Take-profit

Also called: profit target

A resting sell above the current price. It fills at your price or better, or not at all.

In practice: It is an ordinary limit sell, named for the job it does: you decide in advance what price would be enough, and the order waits for it instead of you watching the chart.

What it is not: Not a prediction that the price will get there. If it never does, the order simply rests until you cancel it — or, when it is half of a bracket, until the stop fills and cancels it.

Stop

Also called: stop-loss, stop order

A level resting below your position that turns into a market order when the price reaches it.

In practice: You name a level. If the market falls to it the stop fires and sells at whatever the next published price is — which can be below the level you named. Real stops work the same way.

What it is not: Not a floor under your losses. A fast fall can carry the price past your level before anything fills. Aureus records the gap between your level and the actual fill on the order.

Bracket

Also called: OCO, one-cancels-other

Two exits resting over one position — a take-profit above and a stop below — where whichever fills first cancels the other.

In practice: You set both levels while you still have a clear head, and the position then has a defined exit in either direction without you watching. It counts as two orders against your open-order limit.

What it is not: Not a hedge, and not protection you can rely on: the stop half is still a trigger that fills at the next published price, so that exit can land past the level you named.

Spread

Also called: bid–ask spread

The gap between the highest price buyers offer and the lowest price sellers ask.

In practice: Every real trade crosses it — buyers pay the higher side, sellers receive the lower. Aureus deliberately does not model it, and says so on the trade ticket: practice trades fill at the listed price, and real trades also pay a spread between the buy and sell price.

Full article: What trading actually costs →

Markets & charts

Ticker

Also called: symbol

The short code that identifies a market, like BTC-USD.

In practice: The part before the dash is the asset (BTC); the part after is what it's priced in (US dollars).

Timeframe

The window of history a chart shows — a day, a week, a year.

In practice: Changing it changes what you see, not what the market did. The same asset can look calm on 1Y and wild on 1D.

Candlestick

Also called: candles, OHLC

A chart mark showing four prices for one period: open, high, low, and close.

In practice: The Candles/Line toggle on every chart switches between this and a simple line of closing prices.

Full article: Reading a candlestick chart →

Fibonacci retracement

Also called: Fib

Horizontal levels drawn at fixed ratios between a range's low and high.

In practice: An optional overlay on Aureus charts, off by default. The levels matter to the extent that many traders watch them — a convention, not a law of nature.

What it is not: Not a forecast, and not a claim that the price will react at any level.

Full article: Fibonacci retracement — a convention, not a forecast →

Day range

The lowest and highest prices traded over the last 24 hours.

In practice: It shows how much the price swung recently; the last price sits somewhere inside the band. Crypto trades around the clock, so the window is a rolling day, not an exchange session.

What it is not: Not a boundary — prices leave the recent range all the time.

Volume

How much of an asset changed hands in a period.

In practice: High volume means the current price was set by many trades; thin volume means fewer participants stood behind it.

What it is not: Not a direction — heavy trading happens in falls as often as in rallies.

Market cap

Also called: market capitalization

The current price multiplied by the number of units in circulation.

In practice: On a quote page it tells you the scale of the asset — a $1.2T market cap moves differently from a $6B one, because it takes far more money to move it.

What it is not: Not price times every coin that will ever exist — that larger number is the fully diluted valuation, and in crypto the gap between the two can be big. Also not money anyone actually paid: nobody bought the whole supply at today's price.

Previous close

The reference price today's change is measured against.

In practice: The “+2.1%” on a row means “versus this number.” For markets with a closing bell it's yesterday's close; crypto trades around the clock, so here it's the price about 24 hours ago.

24h change

The price's move over the last 24 hours, as a percent.

In practice: Crypto trades around the clock, so Aureus uses a rolling 24 hours rather than an exchange's opening bell.

7-day trend

Also called: sparkline

A small chart of the last seven days of price.

In practice: It shows the recent shape at a glance — direction and roughness, not precise levels.

Movers

The symbols that moved the most over the last 24 hours.

In practice: A ranking by size of change, up or down. Being a mover says the price moved — nothing about why, or what happens next.

Gainers & losers

Gainers are up over the last 24 hours; losers are down.

In practice: It's a filter on the same list — a lens, not a judgment about what to do.

Watchlist

The symbols you've chosen to track.

In practice: Star a symbol on its page to add it; it then appears under the Watchlist filter on Markets.

“As of”

Also called: staleness

The time a price was last refreshed, shown beside the price.

In practice: Aureus prices refresh on a stated cadence rather than streaming live, and every list says when and how often. If a refresh fails, the time visibly ages and the list says “may be delayed”.

How a coin began

Block

A bundle of transactions, stamped with a time and a number, added to the chain in order.

In practice: Block 100 comes after block 99 and points back to it.

Contract

A small program that lives on a chain at an address.

In practice: A coin can be a contract: the program keeps the list of who holds how much.

Fork

A split.

In practice: When people running a chain disagree about the rules, the chain can divide into two chains that share their past and not their future.

Genesis block

A chain's first block, block 0.

In practice: The one block with nothing before it.

Plan & credits

Explanation credits

The monthly allowance of AI-written explanations, on every plan.

In practice: A credit is spent only when a new explanation is generated. Re-reading one is free. Your balance and reset date are on the Subscription page.