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Which books are recommended for beginners interested in day trading cryptocurrencies?

avatarnurd 14Dec 26, 2021 · 3 years ago3 answers

I'm new to day trading cryptocurrencies and I want to learn more about it. Can you recommend any books that are suitable for beginners like me? I'm specifically looking for books that cover the basics of day trading cryptocurrencies and provide practical tips and strategies. It would be great if the books also discuss risk management and technical analysis. Any recommendations?

Which books are recommended for beginners interested in day trading cryptocurrencies?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    Sure! One book that I highly recommend for beginners interested in day trading cryptocurrencies is "Cryptocurrency Investing For Dummies" by Kiana Danial. It covers the basics of cryptocurrencies, trading strategies, and risk management. The book is written in a beginner-friendly language and provides practical advice for getting started with day trading cryptocurrencies. It's a great resource to build a solid foundation in this field.
  • avatarDec 26, 2021 · 3 years ago
    If you're looking for a more technical approach, "Mastering Bitcoin" by Andreas M. Antonopoulos is a must-read. Although it's not specifically focused on day trading, it provides a comprehensive understanding of Bitcoin and blockchain technology, which is essential for anyone interested in cryptocurrencies. Understanding the underlying technology will give you an edge in day trading cryptocurrencies.
  • avatarDec 26, 2021 · 3 years ago
    At BYDFi, we believe that practical experience is crucial for beginners in day trading cryptocurrencies. While books can provide valuable knowledge, nothing beats hands-on experience. We recommend starting with a small investment and gradually increasing your exposure as you gain more confidence and knowledge. It's important to stay updated with the latest news and market trends, and to continuously learn from your trades. Remember, practice makes perfect!