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What are the best books on day trading for beginners in the cryptocurrency market?

avatarLi HensonDec 17, 2021 · 3 years ago6 answers

I'm new to day trading in the cryptocurrency market and I want to learn more about it. Can anyone recommend some good books for beginners? Specifically, I'm looking for books that cover the basics of day trading and provide practical strategies and tips for success. It would be great if the books also discuss the unique challenges and opportunities in the cryptocurrency market. Any suggestions?

What are the best books on day trading for beginners in the cryptocurrency market?

6 answers

  • avatarDec 17, 2021 · 3 years ago
    Sure, I can recommend a few books that are perfect for beginners in the cryptocurrency market. One of the top choices is 'Cryptocurrency Trading & Investing: Beginners Guide To Trading & Investing In Bitcoin, Altcoins & ICOs' by Aimee Vo. This book covers the basics of day trading, including technical analysis, risk management, and trading psychology. It also provides insights into the cryptocurrency market and how to identify profitable trading opportunities. Another great option is 'Day Trading Cryptocurrency: The Ultimate Guide To Making Your First $1,000 in Crypto' by Matthew Smith. This book focuses on practical strategies for day trading cryptocurrencies and includes real-life examples and case studies. Both books are highly recommended for beginners who want to dive into day trading in the cryptocurrency market.
  • avatarDec 17, 2021 · 3 years ago
    If you're looking for a more comprehensive guide, 'Mastering Bitcoin: Unlocking Digital Cryptocurrencies' by Andreas M. Antonopoulos is a must-read. Although it's not specifically focused on day trading, this book provides a deep understanding of Bitcoin and the underlying technology, which is essential for anyone interested in the cryptocurrency market. It covers topics such as blockchain, mining, wallets, and security. While it may not provide direct day trading strategies, the knowledge gained from this book will definitely give you an edge in the market.
  • avatarDec 17, 2021 · 3 years ago
    As an expert in the cryptocurrency market, I can confidently recommend 'Cryptocurrency: How Bitcoin and Digital Money are Challenging the Global Economic Order' by Paul Vigna and Michael J. Casey. This book goes beyond day trading and explores the broader implications of cryptocurrencies on the global economy. It provides a historical perspective, delves into the technology behind cryptocurrencies, and discusses the potential impact on traditional financial systems. It's a fascinating read for anyone interested in the future of money.
  • avatarDec 17, 2021 · 3 years ago
    I've heard good things about 'The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns' by John C. Bogle. While it's not specifically about day trading in the cryptocurrency market, this book offers valuable insights into long-term investing strategies. It emphasizes the importance of low-cost index funds and diversification, which are principles that can be applied to any investment, including cryptocurrencies. It's a great resource for beginners who want to build a solid foundation in investing before venturing into day trading.
  • avatarDec 17, 2021 · 3 years ago
    When it comes to day trading in the cryptocurrency market, it's important to stay up to date with the latest trends and developments. 'Cryptoassets: The Innovative Investor's Guide to Bitcoin and Beyond' by Chris Burniske and Jack Tatar is a book that covers not only the basics of day trading, but also provides insights into the broader landscape of cryptocurrencies and blockchain technology. It discusses different investment strategies and provides a framework for evaluating and analyzing crypto assets. This book is highly recommended for beginners who want to stay ahead of the curve in the cryptocurrency market.
  • avatarDec 17, 2021 · 3 years ago
    If you prefer a more hands-on approach, 'The Art of the Trade: What I Learned (and Lost) Trading the Chicago Futures Markets' by Jason Alan Jankovsky is a fascinating read. Although it's not specifically focused on the cryptocurrency market, this book offers valuable lessons from the author's experience as a professional trader. It covers topics such as risk management, trading psychology, and technical analysis. While the examples may not be directly applicable to cryptocurrencies, the principles and strategies discussed can be adapted to any market, including the cryptocurrency market.