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What are the top books on day trading for cryptocurrency?

avatarSophia RebeloDec 17, 2021 · 3 years ago3 answers

I'm looking for recommendations on the best books for day trading in the cryptocurrency market. Can anyone suggest some top books that cover strategies, technical analysis, and risk management specifically for day trading cryptocurrencies? I want to improve my skills and knowledge in this area.

What are the top books on day trading for cryptocurrency?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    Sure, I can recommend a few books that are highly regarded in the cryptocurrency day trading community. One popular choice is 'Cryptocurrency Trading & Investing: Beginners Guide To Trading & Investing In Bitcoin, Alt Coins & ICOs' by Aimee Vo. It covers the basics of day trading, technical analysis, and risk management in the context of cryptocurrencies. Another great option is 'Day Trading Cryptocurrency: The Ultimate Guide To Making Your First $100,000 Trading Cryptocurrency' by Matthew Smith. This book provides practical strategies and tips for successful day trading in the crypto market. Lastly, 'The Crypto Trader: How Anyone Can Make Money Trading Bitcoin and Other Cryptocurrencies' by Glen Goodman is also highly recommended. It offers insights into the author's personal experiences and trading strategies. These books should give you a solid foundation to start your day trading journey in the cryptocurrency market.
  • avatarDec 17, 2021 · 3 years ago
    When it comes to day trading in the cryptocurrency market, it's important to stay updated with the latest strategies and techniques. One book that can help you with that is 'Mastering Bitcoin: Unlocking Digital Cryptocurrencies' by Andreas M. Antonopoulos. Although it's not solely focused on day trading, it provides a comprehensive understanding of Bitcoin and the underlying technology, which can be valuable for day traders. Additionally, 'Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications' by John J. Murphy is a classic book that covers technical analysis principles that can be applied to cryptocurrency day trading. These books, along with continuous learning and practice, can help you become a successful day trader in the crypto market.
  • avatarDec 17, 2021 · 3 years ago
    At BYDFi, we believe that continuous learning is crucial for success in day trading cryptocurrencies. While there are many great books available, it's important to also consider other resources such as online courses, webinars, and forums. These can provide real-time insights and practical knowledge from experienced traders. However, if you prefer books, 'Day Trading and Swing Trading the Currency Market: Technical and Fundamental Strategies to Profit from Market Moves' by Kathy Lien is a highly recommended read. It covers both day trading and swing trading strategies in the currency market, which can be applied to cryptocurrencies as well. Remember, the key to successful day trading is a combination of knowledge, practice, and staying updated with the latest market trends.