In the fast-paced world of cryptocurrency day trading, knowledge is power. Staying ahead of the trends and understanding the market can make all the difference in your trading success. That’s why it’s essential to equip yourself with the best crypto trading books available. In this article, we’ll explore the top picks that can help you navigate the exciting and sometimes volatile landscape of crypto day trading.
Top 6 Books for Crypto Day Trading
1. Crypto Trading for Ambitious Beginners: A Practical Guide to Profitable Trading in Bitcoin and other Cryptocurrencies – By Jelle Peters (Author), Jan Robert Schutte
Authored by the writer of the Forex bestseller “Forex For Ambitious Beginners” and the founder of CryptoAcademy, “Crypto Trading for Ambitious Beginners” serves as a highly pragmatic manual for mastering cryptocurrency trading independently. Within its pages, we unveil techniques for discerning genuine potential beyond the cryptocurrency hype.
This guide is packed with invaluable tips and strategies essential for navigating the crypto market effectively. It equips you to:
1. Identify promising cryptocurrencies.
2. Shield yourself against crypto scams, a real threat in the digital realm.
3. Safeguard your positions amid market volatility.
4. Enhance the yield on your crypto assets through yield farming opportunities.
5. Tailor a trading strategy that suits your circumstances, whether you’re a part-time trader or aiming for full-time involvement.
6. Determine optimal entry and exit points with precision.
7. Sidestep common rookie errors.
8. Securely purchase and store your digital coins.
9. Delve into blockchain, smart contracts, DeFi, on-chain analysis, and more.
With its practical approach, “Crypto Trading for Ambitious Beginners” unravels the intricacies of crypto, demystifies the crypto market’s functioning, and empowers you to confidently engage in cryptocurrency trading.
If you seek the ultimate guide to entering the world of cryptocurrency, your search ends here.
This is a great primer on how to profitably trade crypto. Before reading this book, I didn’t know much about cryptocurrencies beyond bitcoin. I had no idea what other coins had long-term potential or why, let alone how to discover such coins myself. I didn’t know what smart contracts were, why they’re so important, or how you could put your crypto to work for you with yield farming. The book answers all of those questions.
I also really liked the chapter about options, which teaches you how to protect your crypto portfolio against volatility (pretty important with crypto, of course). The chapters about technical analysis and on-chain analysis were also really helpful.
The book ends with a quiz to test your knowledge. It gave me some new insights and was also a lot of fun to do.
All in all, this is a very good book if you are serious about getting into crypto. – Amazon Customer
2. Understanding Crypto Fundamentals: Value Investing in Crypto Assets and Management of Underlying Risks – By Thomas Jeegers
It would be an understatement to say that during the first decade of cryptocurrencies’ existence, many investors remained unconvinced.
Author Thomas Jeegers was among the skeptics. He carefully examined this new form of virtual currency multiple times and, like many long-term investors, concluded that it lacked fundamental value. Crypto, in his initial view, had nothing to offer. This book recounts the transformation of his perspective on cryptoassets and explains why yours should evolve as well.
Recent developments in the crypto space have transformed cryptocurrencies from speculative financial innovations into a distinct asset class with a unique set of fundamentals that generate tangible economic value. This transformation is poised to revolutionize finance and investments, potentially serving as the catalyst for the fourth industrial revolution, akin to how steam, electricity, and the Internet drove the first, second, and third industrial revolutions, respectively.
The book addresses the key questions that any prospective long-term investor in crypto assets should pose:
1. What are crypto assets and blockchain technology?
2. Why should one consider investing in crypto assets?
3. When is the opportune moment to invest?
4. Where should investments in this realm be directed?
5. How should one approach these investments?
6. Which valuation methods are applicable?
“Understanding Crypto Fundamentals” provides a comprehensive exploration of risk management specific to crypto assets, encompassing both financial and non-financial aspects. It equips readers with the essential tools for achieving success in this emerging asset class. Upon completing the book, you will emerge with a fresh perspective on crypto assets and a greater understanding of how you can harness them as an investor.
I recently reviewed this book on the fundamentals of cryptocurrencies written by an incredibly knowledgeable author. The book has extensive and insightful content showcasing the author’s financial expertise. I was completely engrossed in every page, creating a delightful reading experience. The author, Thomas, did an outstanding job explaining the history and fundamentals of blockchain, making it a solid foundation for anyone new to the subject. He offers detailed explanations of everything from money and currency to cryptocurrencies and blockchain technology, demonstrating his hard work and dedication to educating his readers.
Additionally, he identifies numerous use cases that entrepreneurs may use to develop blockchain solutions.
With his impressive educational background and experience, Thomas clearly explains trading and investment strategies and the associated risks in the trading world. I wholeheartedly recommend this book to anyone seeking genuine knowledge from a true expert. – YS
3. The Only Cryptocurrency Investing Book You’ll Ever Need: An Absolute Beginner’s Guide to the Biggest “Millionaire Maker” Asset of 2022 and Beyond – By Freeman Publications
- Cryptocurrency, once obscure, is now the world’s fastest-growing financial asset. And this is merely the initial phase of its ascent.
- While few investment vehicles can match Cryptocurrency in terms of wealth generation, less than 8% of Americans and a mere 3% of the global population are crypto owners. However, the big players are now entering the arena.
- Consider the world’s top venture capital firm, Andreessen Horowitz, which recently unveiled the largest crypto fund in history. Or BlackRock, the world’s largest asset manager, managing over $9.5 trillion in assets, which just injected over $40 billion into the crypto markets.
- So, even if you’ve remained skeptical until now, this book will provide you with unvarnished insights into Cryptocurrency as a financial asset, devoid of the usual hype and noise.
Here’s a glimpse of what you’ll uncover within its pages:
1. Better than Bitcoin: Discover the “Holy Grail of cryptocurrencies,” a coin every crypto investor should consider.
2. Red Flags: Learn to identify three major warning signs when investing in altcoins.
3. Web3 Profit Potential: Explore the #1 coin poised to benefit from the upcoming Web3 evolution.
4. Avoiding Scams: Get insights into four easy ways to spot cryptocurrency scams.
5. Ethereum’s Co-Creator: Explore the new crypto launched by Ethereum’s co-creator, still available at an affordable price.
6. DeFi 2.0: Understand its impact on the crypto ecosystem and the coin that may lead this $800 billion industry.
7. Next $1 Trillion Coin: Uncover the next potential trillion-dollar cryptocurrency.
8. Smart Bitcoin Buying: Learn a legitimate “backdoor” method to purchase Bitcoin at a steep discount, even within your IRA account.
9. Video Tutorials: Access free video tutorials on secure Bitcoin purchasing and storage.
This isn’t a dense, incomprehensible 600-page tome filled with complex math and technical jargon. It’s written in plain English, free of repetitive terminology, and every financial and technical concept is clearly explained. You’ll find straightforward guidance on how to buy and securely store cryptocurrencies without incurring costly intermediary fees.
Good book, easy and pleasant to read. Not over-complicated, but deep enough to give you a good understanding of the Crypto market. I definitely recommend it! – PC
4. Crypto for Beginners: A Simple Non-Technical Guide on the Blockchain Revolution and Crypto Investing for Creating Multi-Generational Wealth – By Hudson Lee
Cryptocurrency has taken the world by storm. Whether you’re scrolling through social media, watching the news, or chatting with colleagues on a slow Monday, you’re bound to encounter it daily.
It all began in 2009 with the launch of Bitcoin, the now-famous cryptocurrency. Fueled by innovative blockchain technology, by 2013, Bitcoin’s value had skyrocketed more than fiftyfold.
Now, you might be wondering: Is cryptocurrency suitable for me? Is it wise to invest in something you can’t physically hold?
If these questions keep nagging at you, fret not. Navigating the complex world of crypto, with its 12,000+ options, can be overwhelming, especially if you’re a beginner.
In this beginner’s guide to cryptocurrencies, you’ll find:
1. A simplified overview of cryptocurrency fundamentals—discover how digital coins can help you accumulate wealth without losing focus.
2. The intrinsic value of crypto – compare these digital assets to their real-world counterparts like real estate and traditional currency.
3. Identify resilient coins poised for 10X, 100X, or even 1000X returns.
4. A comprehensive guide to cryptocurrency investing— perfect for newcomers—offers practical advice to build lasting wealth.
5. Insights into cryptocurrency exchanges and how to select the right one.
6. Simplified trading and tax strategies used by experts to maximize gains and minimize risks.
7. Strategies for securing your digital investments and thwarting scammers.
This guide won’t make you a crypto expert overnight, but it will provide a solid foundation for your journey into the world of digital currency. With this knowledge, you’ll gain an edge in building lasting wealth that sets you up for life.
Crypto for Beginners is a comprehensive overview for those interested in learning more about cryptocurrency, including explaining blockchain, cryptocurrency exchanges, and taxes, as well as other topics. While I certainly have a much better understanding of cryptocurrency after reading this book, I’m not sure I feel confident enough to invest given the potential for risk. A great read for anyone looking to learn more about cryptocurrency. – Dane
5. Crypto Investing Guide: How to Invest in Bitcoin, DeFi, NFTs, and More – By Ian Balina
Imagine if we could offer you a single book that provides a comprehensive education in crypto investing. Whether you’re a complete novice or a seasoned pro, this book is designed to kickstart your journey as a successful crypto investor. By diving into its pages, dedicated readers embark on an educational voyage that begins with traditional finance and then immerses them in the world of crypto assets, decentralized finance, NFTs, and security token offerings.
Consider this book your go-to resource for building a solid understanding of the crypto markets and gaining insights into profitable strategies. This book acts as a bridge, making the hard-earned knowledge of an experienced technical team as accessible as possible.
You don’t need to be a mathematical genius to thrive in crypto investments, but a robust knowledge base is essential. Think of this book as your foundational cornerstone.
I love this book for its simple premise: everything you need to know about crypto, all in one place.
You don’t have to watch hours of YouTube videos of varying quality, and you don’t have to pay for dodgy courses that promise crazy profits. It’s simply a book that you can read at your own pace, and it’s also written in a conversational, easy-to-understand tone. When was the last time a “textbook” got you truly excited about the subject matter?
Whether you want to become a professional trader or are simply looking to build a working knowledge of cryptocurrency, you’ll get something positive out of this book. Cryptocurrency simply isn’t going away, so if you want to take ownership of your crypto education, this book will take you many steps in the right direction. – Kris
6. CRYPTO TRADING: A Guide for Beginners to Know About Cryptocurrency Market, Crypto Investing, and Cryptocurrency Mining (Day Trading) – By Andrew Elder
This book delves into the world of cryptocurrency trading, offering insights into what it entails and what it takes to thrive as a trader.
Cryptocurrency trading, often simply referred to as “trading,” involves the buying and selling of cryptocurrencies to profit from price fluctuations in these digital assets.
There are numerous avenues to enter this rapidly expanding market, whether you opt to purchase cryptocurrencies directly on online exchanges or explore crypto-to-crypto trading services like Coinbase, Kraken, or Bittrex.
This comprehensive book covers a range of topics, including:
- What Is a Cryptocurrency?
- The Rationale for Trading in Crypto
- Acknowledging the Risks of Cryptocurrency
- An Exploration of Blockchain Technology
- How Cryptocurrency Operates
- Insights into Crypto Mining
- Crypto Futures and Options
- Resources for Personal Portfolio Management
- Tips for Initiating Your Cryptocurrency Journey
And much more!
Cryptocurrency has become a hot subject and this book provides some much-needed insight into what it takes to become a successful crypto trader. It explains some of the basics too: how to buy, where to buy, and how to ride out the price fluctuations. All in all a great primer. – Trish Allison
Choosing the Right Book to Enhance Crypto Day Trading
With so many options to choose from, it can be challenging to find the right book that suits your needs. Consider the following factors to help you make an informed decision:
- Relevance: Ensure that the book covers topics specific to crypto day trading, as cryptocurrencies operate differently from traditional markets.
- Author’s expertise: Look for books written by experienced and credible authors who have a proven track record in the crypto trading world.
- Reviews and recommendations: Take into account reviews and recommendations from other traders to get a sense of the book’s quality and usefulness.
- Personal preferences: Consider your own learning style and preferences when selecting a book. Some books are more technical, while others focus on practical strategies and real-life examples.
By considering these factors, you can choose a book that aligns with your goals and helps you enhance your crypto day trading skills.
In a market as volatile and unpredictable as crypto day trading, it pays to stay ahead of the curve. With the right books as your guide, you can navigate the ups and downs of the crypto market with confidence. Whether you’re a beginner or an experienced trader, continuous learning and staying updated with the latest trends is key to thriving in the world of crypto day trading.