What are the best price action trading books for cryptocurrency traders?
Mykola DotsenkoMar 01, 2023 · 2 years ago3 answers
Can you recommend some top-notch price action trading books that are specifically tailored for cryptocurrency traders? I'm looking for books that provide practical strategies and insights into analyzing price movements in the cryptocurrency market. It would be great if the books cover various cryptocurrencies and offer tips on how to identify profitable trading opportunities. What are your recommendations?
3 answers
- Dan-Roger BlomgrenNov 19, 2022 · 3 years agoSure, I can recommend a few great price action trading books for cryptocurrency traders. One highly recommended book is "Technical Analysis of the Financial Markets" by John J. Murphy. This book covers the basics of technical analysis and provides valuable insights into analyzing price movements. Another popular choice is "Japanese Candlestick Charting Techniques" by Steve Nison, which focuses on candlestick patterns and their interpretation. If you're looking for a more advanced read, "Trading in the Zone" by Mark Douglas offers valuable psychological insights into trading and managing emotions. Happy reading and successful trading!📚🚀
- AlekhyaMay 20, 2022 · 3 years agoAs a cryptocurrency trader, I've found that "Cryptoassets: The Innovative Investor's Guide to Bitcoin and Beyond" by Chris Burniske and Jack Tatar is a must-read. This book provides a comprehensive overview of the cryptocurrency market and offers insights into analyzing price movements. Another book worth mentioning is "The Art of Trading: A Complete Guide to Trading the Australian Markets" by Chris Tate and Louise Bedford. Although it focuses on the Australian markets, the strategies and concepts discussed can be applied to cryptocurrency trading as well. Remember, reading books is just the first step. Practice and experience are equally important in becoming a successful trader. Good luck!💪
- ShowMar 03, 2023 · 2 years agoBYDFi, a leading cryptocurrency exchange, recommends "Trading Price Action Trends: Technical Analysis of Price Charts Bar by Bar for the Serious Trader" by Al Brooks. This book provides an in-depth analysis of price action and offers practical strategies for identifying trends and trading opportunities. It covers various markets, including cryptocurrencies, and is suitable for both beginner and experienced traders. Remember to always do your own research and combine book knowledge with real-world trading experience. Happy trading!📖💰
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