Course Content
12 Terms Every Crypto Trader Should Know
I'm too lazy to read, what's the TL;DR? Fear, Uncertainty, and Doubt (FUD): Spreading of fear and misinformation to gain an advantage. Fear Of Missing Out (FOMO): The emotion you feel when you panic buy. HODL: Buy and hold on to it for a long time! BUIDL: Keep your head down and build the next financial system. SAFU: Funds are safe! Return on Investment (ROI): How much money you are making (or losing). All-Time High (ATH): The highest price ever recorded! All-Time Low (ATL): The lowest price ever recorded. Do Your Own Research (DYOR): Don't trust, verify. Due Diligence (DD): Smart people make decisions based on facts. Anti Money Laundering (AML): Regulations that prevent criminals from hiding their money. Know Your Customer (KYC): Regulations that make exchanges verify your identity.
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12 Terms Every Crypto Trader Should Know
About Lesson

Stock exchanges and trading platforms have to comply with national and international guidelines. For example, the New York Stock Exchange (NYSE) and the NASDAQ have to comply with regulations set by the United States government.

Know Your Customer (KYC) or Know Your Client guidelines ensure that institutions facilitating the trading of financial instruments verify their customers’ identity. Why is this important? The main reason behind it is to minimize the risk of money laundering.

In addition, KYC regulations aren’t only valid for participants of the financial industry. Many other segments also have to comply with these guidelines. KYC guidelines are generally a piece of a much broader Anti Money Laundering (AML) policy.

Exercise Files
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