Which books can help me improve my day trading skills in the world of digital currencies?
Lamis 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.
4 answers
- Dec 18, 2021 · 3 years agoSure! 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.
- Dec 18, 2021 · 3 years agoIf 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.
- Dec 18, 2021 · 3 years agoBYDFi, 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.
- Dec 18, 2021 · 3 years agoWhen 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.
Related Tags
Hot Questions
- 82
How can I minimize my tax liability when dealing with cryptocurrencies?
- 78
How can I protect my digital assets from hackers?
- 69
How can I buy Bitcoin with a credit card?
- 60
What are the tax implications of using cryptocurrency?
- 44
What are the advantages of using cryptocurrency for online transactions?
- 39
Are there any special tax rules for crypto investors?
- 23
What is the future of blockchain technology?
- 16
What are the best practices for reporting cryptocurrency on my taxes?