The best book for cryptocurrency trading
Learning how to trade cryptocurrency requires a particular mindset, broad thinking and a consistent approach. To become a successful cryptocurrency trader, you have to study hard. These days, there is a lot of information on the Internet, and that's where the best book to learn about cryptocurrency trading can be found. Despite the abundance of information and opinions, finding the best book for cryptocurrency trading is not an easy task. To help you succeed in cryptocurrency trading, we have prepared and collected the best crypto trading books.
The best books to learn about cryptocurrency trading
The fact that you're looking for the best books on trading cryptocurrency shows that you're on the right track to multiplying your fortune. Let us be clear: you can only become a successful cryptocurrency trader through constant self-improvement and learning. There's no shortcut. But if you're serious about becoming a successful trader, then studying best books on cryptocurrency trading will help you to become financially independent. The wisdom gained through thoroughly studying will give you knowledge on how to invest, preserve and increase your savings. To begin trading cryptocurrencies, you must understand that the term 'trading' generally applies to all markets.
The best books for day-trading cryptocurrency
A wide range of trading books is available on the market. They describe the basics of stock market trading, investment in securities and market psychology.
Almost all of these basics can be applied to cryptocurrency markets, as well. But not all of them are suitable for lay readers. Many books are written using professional terminology. To understand them, readers have to acquaint themselves with basic principles and terminology. Here is a one-by-one presentation of the books that will help build a solid foundation. As you aim to become a cryptocurrency trader, let's first look at what we think the best book for day trading cryptocurrency is.
- How to Day Trade for a Living: Tools, Tactics, Money Management, Discipline and Trading Psychology by Andrew Aziz, PhD.
This book explains the basic principles of day trading and the difference between day trading and other types of trading and investment methods. The author elaborates on the important trading strategies many traders use every day. He states that trading is not gambling or a hobby. Trades should be taken very, very seriously. He teaches how important it is to be mentally prepared before making a trade. To succeed in day trading, you need the right tools, motivation, hard work and perseverance. The thoroughness of the principles described in the book by the author allows us to say that this is the best day trading cryptocurrency book.
- Cryptoassets: The Innovative Investor's Guide to Bitcoin and Beyond by Chris Burniske and Jack Tatar
Two experts guide investors through an entirely new asset class. With the development of Bitcoin and blockchain technology, investors can get the most out of the most significant investment opportunities since the dot-com days. While Bitcoin was the first cryptocurrency, there are now more than 800 cryptocurrencies. These include Ethereum, Ripple, Monero, Litecoin and more. This clear and accessible guide from two industry insiders navigates you through this new blockchain world and how to invest in these new assets to secure your financial future. This successful crypto trading book provides you with a comprehensive understanding of the crypto asset economy and opportunities for innovative investing.
- Way of the Turtle: The Secret Methods that Turned Ordinary People into Legendary Traders by Curtis M. Faith
This is a unique book about trading. It tells the story of how ordinary people became successful traders and earned their first millions, all thanks to an unusual experiment. Its details recently became known. Way of the Turtle is the first book written since the end of the moratorium by experiment participants on disclosing details. Curtis Faith made a massive fortune in just a few years, starting when he was only 19 years old. In the book, he tells his story, shares his feelings and reveals the secrets of the experiment. Traders will learn all these secrets in this book's pages.
Cryptocurrency technical analysis books
- Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications by John J. Murphy
This book focuses on current market trends. It provides an exhaustive guide to analysis, which contains various patterns and vivid examples of statistical data.
According to John J. Murphy, the book will help you to choose and use the most suitable patterns, and in time, to master all others. It shows how logically each pattern is sustained, how it behaves long-term and how to choose the most successful strategy in different situations. Although this is not a Bitcoin trading book, it's still a must-read for serious traders.
- The Disciplined Trader: Developing Winning Attitudes by Mark Douglas
This book provides a comprehensive view of the challenges faced by a person who has taken on the financial markets. The book isn't limited to brokerage tips. Instead, it shows that the justification for buying or selling is, in fact, an extremely complex case with unpredictable results. The book offers a serious psychological approach that should help achieve stable positive trading results. The author doesn't provide a ready-made trading system. Instead, his interest lies on a completely different plane — to show how to think to become a stable, successful trader.
After reading the books above, you'll be able to understand the basics of trading and cryptocurrency investing. As we stated, there is no need to stick to just Bitcoin trading or crypto trading books. If you study the books from this article, you'll learn to trade every market in any conditions. A consistent approach will allow you to develop your own successful strategy in different situations. Explore the trusted cryptocurrency exchange StormGain for to apply your formula for success. After that, your success is just a matter of time.