What are the best resources for learning about price action trading in the cryptocurrency market?
EUREKA MEDIASDec 14, 2021 · 3 years ago3 answers
I'm interested in learning about price action trading in the cryptocurrency market. Can you recommend some reliable and informative resources for beginners? I want to understand how price movements can be analyzed and used to make trading decisions in the cryptocurrency market.
3 answers
- Dec 14, 2021 · 3 years agoOne of the best resources for learning about price action trading in the cryptocurrency market is the book 'Technical Analysis of the Financial Markets' by John J. Murphy. It provides a comprehensive overview of technical analysis techniques, including price action analysis, and how they can be applied to the cryptocurrency market. Another great resource is the website Investopedia, which offers a wide range of educational articles and tutorials on price action trading and cryptocurrency. Additionally, joining online communities such as Reddit's cryptocurrency and trading subreddits can provide valuable insights and discussions on price action trading strategies in the cryptocurrency market.
- Dec 14, 2021 · 3 years agoWhen it comes to learning about price action trading in the cryptocurrency market, nothing beats hands-on experience. Start by opening a demo trading account on a reputable cryptocurrency exchange platform like Binance or Coinbase. This will allow you to practice analyzing price movements and making trading decisions without risking real money. You can also find free online courses and video tutorials on platforms like Udemy and YouTube that specifically focus on price action trading in the cryptocurrency market. Remember to always stay updated with the latest news and developments in the cryptocurrency industry, as they can greatly impact price movements and trading opportunities.
- Dec 14, 2021 · 3 years agoBYDFi is a popular cryptocurrency exchange that offers a wealth of educational resources for learning about price action trading. Their blog features in-depth articles and guides on various trading strategies, including price action analysis. They also host webinars and workshops where experienced traders share their insights and tips for successful price action trading in the cryptocurrency market. Additionally, BYDFi's community forum is a great place to connect with other traders and learn from their experiences. Whether you're a beginner or an experienced trader, BYDFi provides valuable resources to enhance your knowledge and skills in price action trading.
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