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Author Topic: Need a book recommendation  (Read 314 times)
Lustful (OP)
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June 29, 2023, 05:33:22 AM
Last edit: June 29, 2023, 05:45:01 AM by Lustful
 #1

Hello everyone , I'am a beginner on crypto trading and i'am
 looking for your recommendation on some essential books on how to trade/trading strategies (preferably on day trading), any of your recommendations would help, thank you.
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June 29, 2023, 06:30:17 AM
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 #2

Hello everyone , I'am a beginner on crypto trading and i'am
 looking for your recommendation on some essential books on how to trade/trading strategies (preferably on day trading), any of your recommendations would help, thank you.

There are two books that I have seen highly recommended for beginners Day Trading and Swing Trading the Currency Market by Kathy Lien and Technical Analysis of the Financial Markets by John J. Murphy. These two books can provide useful information in your trading journey. You can also refer to this thread - Big Library of Bitcoin & Blockchain Books for books related to trading.

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June 29, 2023, 07:03:20 AM
 #3

Hello everyone , I'am a beginner on crypto trading and i'am
 looking for your recommendation on some essential books on how to trade/trading strategies (preferably on day trading), any of your recommendations would help, thank you.
Have you learned the basics of crypto ? Because there are many useful books where you can learn about the history of crypto, about Bitcoin deeply and also have books here writter discussed about the machanism of Virtual Currency.

I can suggest you Cryptocurrency by Abraham K. White to learn about cryptocurrencies and trading.
The link to buy: https://www.amazon.com/dp/1979003262?tag=investopedia-onsite-prod-20&linkCode=ogi&th=1&psc=1&ascsubtag=4231280%7Cn2bf0dd9e955b4a69a5996c0e2d4c950206%7
 
Another Book you can read Ultimate Cryptocurrency Trading & Investing Beginner’s Guide by Paul Stewart. I couldn't find it's Amazon link.
You could see the list of all useful trading books here: https://bookauthority.org/books/best-cryptocurrency-trading-books

Anyway I haven't read any books from above but I researched a little bit and these are one of the most popular books for crypto trading. You can also complete some courses where you will be able to learn about trading from basic to advance within a short period. You can find them in Udemy.


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June 29, 2023, 08:01:13 AM
 #4

Every time I dig slightly deep into trading discussions, this book almost always gets mentioned: "The Mental Game of Trading" by Jared Tendler. Can't vouch for it though because I haven't read it nor am interested in day trading. I'm more of a fundamental trader myself!

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June 29, 2023, 09:29:34 AM
 #5

i'am looking for your recommendation on some essential books on how to trade/trading strategies (preferably on day trading)
Read those books that other have mentioned already. But the strategy to use in trading that is most important are:

The use of very little amount of you your money to trader. Trading is very risky. First see it as gambling until you make money from it frequently. If you still lose, see it as something dangerous.

Do not leverage or at least using low leverage. If you use leverage more than 5x for bitcoin, it is getting too high. For a better and convenient trading, even use no leverage at all.

Trade with good coins like bitcoin. Some good trader will keep on losing just because of the shitcoins they are using to trade.

Learn how to use indicators and learn about fundamental analyses too.

Discipline yourself. Do not be addicted. Do not be greedy. Overcome emotion. These are very important.

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June 29, 2023, 10:21:32 AM
 #6

Hello everyone , I'am a beginner on crypto trading and i'am
 looking for your recommendation on some essential books on how to trade/trading strategies (preferably on day trading)
Awesome crypto trading
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Start with demo tradings but between demo trading and actual trading are big differences. You will be more greedy with actual trading, feel more stressful and make more mistakes.

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June 29, 2023, 10:37:02 AM
 #7

Hello everyone , I'am a beginner on crypto trading and i'am
 looking for your recommendation on some essential books on how to trade/trading strategies (preferably on day trading), any of your recommendations would help, thank you.
Books recommended above are enough to teach you about trading, but you can also visit YouTube and watch some tutorial videos on how to trade, but videos you see on YouTube might be talking about profits alone, and in trading, their is always profit and lose, but make sure your profit is more than your lose.

You should know that its not all about watching videos and reading books, you have to put everything in practice, and you have to start with little amount you know if you lose it wont affect you. Don't think because you have watched different videos and you will think you know everything already, and you will end up starting with big amount of money, its not done like that, you have to start practicing gradually and you will develop your own strategy, everyone one is having strategy that works for them.

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June 29, 2023, 10:55:42 AM
 #8

Hello everyone , I'am a beginner on crypto trading and i'am
 looking for your recommendation on some essential books on how to trade/trading strategies (preferably on day trading), any of your recommendations would help, thank you.

I think it's better to read it here on this forum platform, and this is the section you go to and then you can ask questions or interact with those posted on this link https://bitcointalk.org/index.php?board= 8.0 There is a lot to see constructive discussed here.

Or if you're not satisfied, you can also watch tutorials on YouTube, it's up to the influencers who you think make sense of the tutorial that is said in the content video that you can also watch. Good luck to you Smiley


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June 29, 2023, 11:05:30 AM
 #9

Hello everyone , I'am a beginner on crypto trading and i'am
 looking for your recommendation on some essential books on how to trade/trading strategies (preferably on day trading), any of your recommendations would help, thank you.

I would recommend you to ICT Trading you can search for it easily on youtube, he is also known as the mentor of all mentors teaching Smart money concepts and price action.

I don't find any books that are helpful in terms of strategy (I want it to be in a course or video sample teachings). But I would recommend you some books that tackle trading psychology. Those will be Mental Game of Trading, Trading in The Zone, The hour between the dog and the wolf.

I would also recommend you to watch trading documentaries on netflix or at youtube, it will help you to realize proper expectation on trading your own account and what professional trading truly is. Wish you best and good trading.

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June 29, 2023, 11:50:32 AM
 #10

After whatever you read from the books suggested to you, you need the techniques and technicalities involved in analysing what you have read and interpret them in the charts and your trade. Therefore, practice your trade in demo before going life. Moreover you need to understand technical analysis and fundamental of the trade analysis too. Visit https://www.babypips.com/
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June 29, 2023, 11:59:07 AM
 #11

Anyway I haven't read any books from above but I researched a little bit and these are one of the most popular books for crypto trading. You can also complete some courses where you will be able to learn about trading from basic to advance within a short period. You can find them in Udemy.
What can I say, I think OP do know the use of Google or any other search engine and yet you still search some famous trading books for a newbie on the internet and suggested them to OP, what if I say, Op's intentions to learn about basics of crypto along with the teaching of day trading. And you didn't recommend him the one he was asking for. Well, I mean to disrespect and I didn't intend to point out it, but I thought it would help you to make more useful posts than these (As, this could be improved, no disrespect).


SeriouslyGiveaway, your recommendations are not relatable too, In my POV. Note* i know, the like and dislike of suggestions is for mainly OP, but i also had the same query so i think i should take this thread as an answer to my questions too, so, that's why i mention my feelings for some recommendations.

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June 29, 2023, 01:37:21 PM
 #12

Hello everyone , I'am a beginner on crypto trading and i'am
 looking for your recommendation on some essential books on how to trade/trading strategies (preferably on day trading), any of your recommendations would help, thank you.

There are books you can read to learn about bitcoin in general and I don't think i have any recommendations on trading books but asides books you can read other articles or materials online about bitcoin and or trading and from their you will finds more opportunities that could get you used to trading bitcoin, this board also gives more insight because trading discussion is properly conducted here for members to learn and know more about the trending updates on trading.

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June 29, 2023, 03:40:27 PM
 #13

Hello everyone , I'am a beginner on crypto trading and i'am
 looking for your recommendation on some essential books on how to trade/trading strategies (preferably on day trading), any of your recommendations would help, thank you.

To many books available online just search it on google and you can find a lot of books that can fit on your preferences which can help you a lot if you read also understand it. You can also add on your research to watch youtube videos since to many documentaries posted and you can enjoy it then be informed about the past event and other thing  that contribute to its growth.  Also be careful downloading article online because there might ve a malware that can compromise us.

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June 29, 2023, 06:56:38 PM
 #14

While you're looking for a book and other members are suggesting it to you. I won't suggest a book but a reading material from Binance which can also be a big help to you as you learn how to trade, day trade. Check these materials, they're for free and they're all published on their academy.


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June 29, 2023, 07:01:38 PM
 #15

Hello everyone , I'am a beginner on crypto trading and i'am
 looking for your recommendation on some essential books on how to trade/trading strategies (preferably on day trading), any of your recommendations would help, thank you.
The ultimate question is that will a book impact you more than your own experience?

Because,  I am sure investing a portion of your time into trading just to gain experience and build a skill is far more better than reading tons of books related to trading,  so what is most important is for you to read and learn the basics of trading and thereafter applying that knowledge in your trading activities over time.

R


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Davidvictorson
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June 29, 2023, 07:22:22 PM
 #16

Hello everyone , I'am a beginner on crypto trading and i'am
 looking for your recommendation on some essential books on how to trade/trading strategies (preferably on day trading), any of your recommendations would help, thank you.
My five trading books that I would recommend to you are:

- The Mental Game of Trading by Jared Tendler
- The Intelligent Investor by Benjamin Graham
- Market Wizards by Jack D. Schwager
- Charting and Technical Analysis by Fred McAllen
- Best Loser Wins by a High-stake Day Trader by Tom Hougaard

There are many more but these are my personal favorites.


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Litzki1990
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June 29, 2023, 08:00:10 PM
 #17

Above many people have shared you some good quality authors and book names so I didn't share the book names but I want to suggest you something different. In addition to learning about trading from the book, you will try to gain a trading experience by depositing a small amount of money into a good quality exchange account with some ideas from your book. And if you have any free time then you can browse online about trading related topics. And you will get various videos related to trading on different social media, keep following them. Hope you can become a good trader with the ideas of the book as well as practical experience and various videos from social media.

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Hamza2424
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June 29, 2023, 08:47:59 PM
Last edit: June 29, 2023, 09:03:27 PM by Hamza2424
 #18

Hello everyone, I'am a beginner in crypto trading and I am
 looking for your recommendation on some essential books on how to trade/trading strategies (preferably on day trading), any of your recommendations would help, thank you.

Hmm, there are still people who read books, I was assuming now people just read blogs and watch tutorials which are although more effective in learning. Book readers are really rare still I have some recommendations for good material, Bubble & OR Revolution and The Crypto Crash Course still there are a lot of good books but these are 2 books I've heard about most of the time.

I will still recommend you if you are interested in learning the most effective medium is videos.

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June 29, 2023, 09:05:26 PM
 #19

Hello everyone , I'am a beginner on crypto trading and i'am
 looking for your recommendation on some essential books on how to trade/trading strategies (preferably on day trading), any of your recommendations would help, thank you.
Would you prefer books or videos that go straight to the point. Books can get boring to read and sometimes the major points and things you should take note of are hidden in between too many unnecessary sentences that you miss them. But if you are the type that like reading and you are good reader, books can be good for you. But I still feel that you should have and request for some videos that you could watch as well to summarise the knowledge. The benefit of these videos is that you can always rewatch them easily than looking for a paragraph in a big book.

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June 30, 2023, 06:20:58 PM
 #20

There's nothing I can recommend because I don't read trading science books.
I prefer to watch videos and look at some trading articles.
Now there are many videos available for beginners on how to analyze the crypto market and what tools to use.
A lot of knowledge you can easily get nowadays.
Reading books is not bad, but as another support video is a good medium.
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