Charging a LIPO is confusing!!!

[Edgemoulic]

Hello everyone, I was getting confuse on the charger that I have, it was given by my good friend and no manual included but I know it was working, in the past few months I use to charge my NIMH battery with it and works great, then I have decided to buy a *LIpo batteries, now this I have a Question on the LIPO Charging because indicated in the unit are those follows ;*
Charge
Balance
Fast charge
Storage
Discharge
Could you give me a differences between this charging cycle? Model of the charger ImaxB6AC, *LIPO capable, Thanks for any the Help.

[ksb51rl]

This forum is for Traxxas-brand chargers only.
In any case, what you are asking is considered SUPPORT of a third-party product and as such is not allowed on the Traxxas forums.