# Basic cryptocurrency terms that every beginner trader should know 3

By [Di](https://paragraph.com/@di-2) · 2024-03-02

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    An order book is an electronic list of orders to buy or sell a specific asset.
    
    Quotation - the value of one unit of a financial asset.
    
    Leverage is the use of borrowed funds that allow traders to open positions that exceed their deposit.
    
    Liquidation is a process of forced closing of a position due to partial or complete loss of the trader's initial margin.
    
    Long is a trading strategy of a trader, when he makes money from an increase in the price of an asset.
    
    Margin - the share of your funds in the position.

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*Originally published on [Di](https://paragraph.com/@di-2/basic-cryptocurrency-terms-that-every-beginner-trader-should-know-3)*