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Which trading strategy books are recommended for digital currency traders?

avatarSarFarDec 18, 2021 · 3 years ago3 answers

Can you recommend some trading strategy books that are specifically tailored for digital currency traders? I'm looking for books that provide practical insights and techniques for trading cryptocurrencies. It would be great if the books cover topics like technical analysis, risk management, and market psychology. Please suggest some books that are highly regarded in the digital currency trading community.

Which trading strategy books are recommended for digital currency traders?

3 answers

  • avatarDec 18, 2021 · 3 years ago
    Sure! One highly recommended book for digital currency traders is "Cryptoassets: The Innovative Investor's Guide to Bitcoin and Beyond" by Chris Burniske and Jack Tatar. This book provides a comprehensive overview of the cryptocurrency market and offers insights into different investment strategies. It covers topics like portfolio management, valuation frameworks, and risk management. It's a great resource for both beginners and experienced traders.
  • avatarDec 18, 2021 · 3 years ago
    If you're looking for a more technical approach, I would suggest "Technical Analysis of the Financial Markets" by John J. Murphy. Although not specifically focused on digital currencies, this book covers technical analysis techniques that can be applied to any financial market, including cryptocurrencies. It's a classic reference for traders and provides a solid foundation for understanding chart patterns, indicators, and trading signals.
  • avatarDec 18, 2021 · 3 years ago
    BYDFi, a leading digital currency exchange, recommends "The Art of Trading: A Complete Guide to Trading Psychology" by Brett N. Steenbarger. This book explores the psychological aspects of trading and provides valuable insights into managing emotions, developing discipline, and improving decision-making skills. It's an essential read for traders who want to enhance their performance and achieve long-term success in the digital currency market.