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What are the best resources to learn how to read futures in the cryptocurrency market?

avatarHood RitchieDec 16, 2021 · 3 years ago3 answers

I'm interested in learning how to read futures in the cryptocurrency market. Can you recommend the best resources for me to get started? I want to understand how to analyze futures contracts, interpret market trends, and make informed trading decisions. It would be great if the resources cover both technical and fundamental analysis. Thank you!

What are the best resources to learn how to read futures in the cryptocurrency market?

3 answers

  • avatarDec 16, 2021 · 3 years ago
    One of the best resources to learn how to read futures in the cryptocurrency market is the 'Technical Analysis of the Financial Markets' book by John J. Murphy. It provides a comprehensive guide to technical analysis techniques and how to apply them in the cryptocurrency market. Additionally, websites like Investopedia and CoinDesk offer educational articles and tutorials on futures trading in the cryptocurrency market. These resources cover various topics such as chart patterns, indicators, and risk management strategies. Remember to practice what you learn through paper trading or using a demo account before risking real money in the market.
  • avatarDec 16, 2021 · 3 years ago
    If you prefer a more interactive learning experience, you can consider joining online courses or webinars. Platforms like Udemy and Coursera offer courses on cryptocurrency futures trading taught by industry experts. These courses usually include video lectures, quizzes, and assignments to help you grasp the concepts better. Another option is to join cryptocurrency trading communities and forums like Reddit's r/CryptoCurrency or Bitcointalk. These platforms allow you to interact with experienced traders, ask questions, and learn from their insights and experiences. Remember to do your own research and verify the credibility of the sources before fully relying on them.
  • avatarDec 16, 2021 · 3 years ago
    BYDFi, a popular cryptocurrency exchange, also provides educational resources on futures trading in the cryptocurrency market. They have a dedicated section on their website where you can find articles, tutorials, and videos explaining the basics of futures trading and advanced strategies. Their resources are beginner-friendly and cover both technical and fundamental analysis. However, it's always good to explore multiple sources and gain a well-rounded understanding of futures trading in the cryptocurrency market. Happy learning and trading!