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Which books can help me improve my day trading skills in the world of digital currencies?

avatarLamis BhombalDec 18, 2021 · 3 years ago4 answers

I'm looking for recommendations on books that can help me enhance my day trading skills specifically in the realm of digital currencies. Can you suggest any books that cover topics like technical analysis, risk management, and strategies for trading cryptocurrencies? I want to gain a deeper understanding of the market and improve my trading performance. It would be great if the books are up-to-date and provide practical insights and tips.

Which books can help me improve my day trading skills in the world of digital currencies?

4 answers

  • avatarDec 18, 2021 · 3 years ago
    Sure! One book that I highly recommend is 'Cryptocurrency Trading & Investing: Beginners Guide To Trading & Investing In Bitcoin, Alt Coins & ICOs' by Aimee Vo. This book covers the basics of cryptocurrency trading, technical analysis, and risk management. It's a great starting point for beginners and provides practical tips for improving your trading skills.
  • avatarDec 18, 2021 · 3 years ago
    If you're looking for a more advanced book, 'The Crypto Trader: How Anyone Can Make Money Trading Bitcoin and Other Cryptocurrencies' by Glen Goodman is a great choice. This book dives deeper into technical analysis and provides strategies for trading cryptocurrencies. It also shares the author's personal experiences and insights from his time as a trader.
  • avatarDec 18, 2021 · 3 years ago
    BYDFi, a leading digital currency exchange, recommends 'Mastering Bitcoin: Unlocking Digital Cryptocurrencies' by Andreas M. Antonopoulos. Although this book focuses more on the technical aspects of Bitcoin, it provides a solid foundation for understanding the underlying technology and its implications for trading. It's a must-read for anyone serious about trading digital currencies.
  • avatarDec 18, 2021 · 3 years ago
    When it comes to day trading, it's important to stay updated with the latest trends and market dynamics. Following reputable online resources like CoinDesk, CoinMarketCap, and CryptoSlate can provide valuable insights and news updates. Additionally, joining online communities and forums like Reddit's r/CryptoCurrency can help you stay connected with fellow traders and learn from their experiences.