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What are the best resources for beginners to learn how to read candlestick charts in the world of cryptocurrency?

avatarNeematrashidDec 18, 2021 · 3 years ago3 answers

I'm new to cryptocurrency and want to learn how to read candlestick charts. Can you recommend the best resources for beginners to learn this skill in the world of cryptocurrency? I'm looking for resources that are easy to understand and provide step-by-step guidance on how to analyze candlestick charts.

What are the best resources for beginners to learn how to read candlestick charts in the world of cryptocurrency?

3 answers

  • avatarDec 18, 2021 · 3 years ago
    Sure! One of the best resources for beginners to learn how to read candlestick charts in the world of cryptocurrency is the 'Candlestick Charting Explained' book by Greg Morris. This book provides a comprehensive introduction to candlestick charting and covers various patterns and strategies. Another great resource is the 'Investopedia' website, which offers detailed explanations and examples of candlestick chart analysis. Additionally, you can find informative videos on YouTube that explain the basics of candlestick charts and how to interpret them in the context of cryptocurrency trading.
  • avatarDec 18, 2021 · 3 years ago
    If you're a beginner looking to learn how to read candlestick charts in the world of cryptocurrency, I recommend checking out online courses such as 'Cryptocurrency Trading: Technical Analysis Masterclass' on Udemy. This course covers the fundamentals of candlestick charting and provides practical examples to help you understand the concepts better. Another resource worth exploring is the 'BabyPips' website, which offers educational articles and tutorials on various trading topics, including candlestick chart analysis. Remember, practice makes perfect, so don't forget to apply what you learn by analyzing real-world cryptocurrency charts.
  • avatarDec 18, 2021 · 3 years ago
    BYDFi is a popular cryptocurrency exchange that offers a wide range of educational resources for beginners to learn how to read candlestick charts. They provide step-by-step tutorials, video guides, and interactive quizzes to help you grasp the fundamentals of candlestick chart analysis. Their user-friendly platform also allows you to practice trading with virtual funds, which is a great way to apply your knowledge in a risk-free environment. Whether you're a beginner or an experienced trader, BYDFi's educational resources can help you enhance your skills in reading candlestick charts and make more informed trading decisions.