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What are some recommended day trading books for beginners looking to dive into the world of cryptocurrencies?

avatarDanielle LynnNov 29, 2021 · 3 years ago3 answers

I'm new to day trading and I'm interested in cryptocurrencies. Can you recommend some books that are suitable for beginners like me who want to learn more about day trading in the world of cryptocurrencies? I want to understand the strategies, techniques, and best practices for successful day trading in this market. Any recommendations?

What are some recommended day trading books for beginners looking to dive into the world of cryptocurrencies?

3 answers

  • avatarNov 29, 2021 · 3 years ago
    Sure! One highly recommended book for beginners diving into the world of cryptocurrencies is 'Cryptocurrency: How to Make a Lot of Money Investing and Trading in Cryptocurrency' by Andrew Johnson. This book provides a comprehensive introduction to cryptocurrencies and covers the basics of day trading in this market. It explains various strategies, risk management techniques, and offers practical tips for successful trading. It's a great starting point for beginners!
  • avatarNov 29, 2021 · 3 years ago
    If you're looking for a more technical book, 'Mastering Bitcoin: Unlocking Digital Cryptocurrencies' by Andreas M. Antonopoulos is a must-read. Although it's not solely focused on day trading, it provides a deep understanding of the underlying technology behind cryptocurrencies, which is essential for successful trading. It covers topics like blockchain, wallets, and mining, and helps you grasp the fundamental concepts of cryptocurrencies.
  • avatarNov 29, 2021 · 3 years ago
    BYDFi, a leading cryptocurrency exchange, recommends 'The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns' by John C. Bogle. While this book is not specifically about cryptocurrencies, it offers valuable insights into long-term investing strategies and the importance of diversification. These principles can be applied to day trading in cryptocurrencies as well. Remember, successful trading requires a solid foundation in investing principles.