I wanted to be a better crypto trader, I am new in trading and I want to know the essential things. I join bounties to earn some money and use it for trading. I know it needs time for me to learn by experience. But I wanted also to get some tips from the pros and can you recommend some book or ebook that I can read about crytocurrency trading if there are any. Thanks in advance!
I don't think any book is available for learning crypto trading but there are many articles available in internet so you can surf around internet to read them.But crypto trading is totally unpredictable so no one can teach us we have to know it from our experience and learn fro your mistakes as well.
If you want to start trading better start with bitcoin than altcoins because altcoins price is highly unpredictable but bitcoin trading is not that much hard.
In trading you have to set goal price before trading which maybe have to cover the fee to get good profits.
I once tried trading on ethereum and bch, I gained some but not much.
I am scared of the price fluctuation of bitcoin that I might lose much if I converted my ethereum holdings into bitcoin and the price falls down. I was wrong because bitcoin gained so much in just a matter of weeks. I will now try and risk on bitcoin and wish for a better profit.
And just another question, I dont have great knowledge on some less known alts, what new altcoin has a great potential? I am planning to invest a part of my money for long term.
Thank you