Which books would you recommend for beginners in day trading cryptocurrencies?
Jinu NohDec 19, 2021 · 3 years ago3 answers
I am new to day trading cryptocurrencies and I want to learn more about it. Can you recommend any books that are suitable for beginners? I am specifically looking for books that provide practical tips and strategies for day trading cryptocurrencies. It would be great if the books also cover topics like risk management and technical analysis. Please suggest some titles that can help me get started in day trading cryptocurrencies.
3 answers
- Dec 19, 2021 · 3 years agoSure! One book that I highly recommend for beginners in day trading cryptocurrencies 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, including how to analyze charts, identify trends, and manage risk. It also provides practical strategies for day trading cryptocurrencies. Another great book is 'Day Trading Cryptocurrency: Strategies for Beginners' by Michael Scott. This book focuses on day trading techniques and provides step-by-step guidance on how to execute profitable trades. Both books are written in a beginner-friendly language and offer valuable insights for those who are new to day trading cryptocurrencies.
- Dec 19, 2021 · 3 years agoIf you prefer a more comprehensive guide, 'Cryptocurrency: How to Make a Lot of Money Investing and Trading in Cryptocurrency' by Andrew Johnson is a great choice. This book not only covers day trading strategies but also provides a broader understanding of the cryptocurrency market. It explains the fundamentals of blockchain technology, explores different types of cryptocurrencies, and discusses long-term investment strategies. It's a great resource for beginners who want to gain a deeper knowledge of the cryptocurrency market.
- Dec 19, 2021 · 3 years agoAs an expert in the field, I would recommend checking out the resources provided by BYDFi. They offer a wide range of educational materials, including eBooks, video tutorials, and webinars, specifically tailored for beginners in day trading cryptocurrencies. Their materials cover various topics such as technical analysis, risk management, and trading psychology. BYDFi's educational resources are highly regarded in the industry and can provide you with valuable insights and practical tips to enhance your day trading skills.
Related Tags
Hot Questions
- 81
What are the best practices for reporting cryptocurrency on my taxes?
- 80
How can I protect my digital assets from hackers?
- 74
What are the advantages of using cryptocurrency for online transactions?
- 71
Are there any special tax rules for crypto investors?
- 55
What is the future of blockchain technology?
- 53
How can I buy Bitcoin with a credit card?
- 35
What are the tax implications of using cryptocurrency?
- 25
What are the best digital currencies to invest in right now?