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Topic: Need a book recommendation (Read 347 times)

full member
Activity: 580
Merit: 108
July 08, 2023, 03:45:18 AM
#51
There may be several recommendations from all kinds of books I will want to know how prepared are you basically reading all this books may give you all knowledge needed but that doesn't guaranteed the successful trading.
Successful trading depends on self willingness to strive harder even after reading some of these books ref to you the ends results depends on the amounts you used in trading, meaning you must use amount that can be more balanced to your mental state of reasoning otherwise using amount bigger than what you could carry may affect you if mistakenly beginning to incur losses.
Ofcourse there are countless books in the space, but I always stick to the proceeds that would make me a profitable trader. In the present day of trading, books are not required, what is needed the key basis of trading. Consistency also matters in the market, that's were it gives birth to experience which will sealed a trader throughout the entire space. Becoming a successful profitable trader, doesn't require studying complex trading relating books, but the determination to become a successful trader requires some essential qualities.
sr. member
Activity: 574
Merit: 290
Bitcoin in Niger State💯
July 07, 2023, 12:38:07 PM
#50
If you are just getting started in trading or are interested in touching up on some existing knowledge you already have or learn some new skills, there are three to four trading books that can help you discover new methods and enhance your abilities. They're recommendations I've personally got.

1. Try Kathy Lien's "Day Trading and Swing Trading Strategies for Profiting from Currency Market Moves."
2. "How to Make a Living Trading Foreign Exchange: A Guaranteed Income for Life" by Courtney Smith.
3. "Technical Analysis for Dummies" by Barbara Rockefeller.
4. "Japanese Candlestick Charting Techniques" by Steve Nison.

Meanwhile, if you quest for more interesting reads, you can then click on the link below to go through a list:
https://bitcointalksearch.org/topic/--5353061
hero member
Activity: 1428
Merit: 653
Leading Crypto Sports Betting & Casino Platform
July 07, 2023, 03:15:56 AM
#49
There may be several recommendations from all kinds of books I will want to know how prepared are you basically reading all this books may give you all knowledge needed but that doesn't guaranteed the successful trading.
Successful trading depends on self willingness to strive harder even after reading some of these books ref to you the ends results depends on the amounts you used in trading, meaning you must use amount that can be more balanced to your mental state of reasoning otherwise using amount bigger than what you could carry may affect you if mistakenly beginning to incur losses.
full member
Activity: 1386
Merit: 101
ComboLabs
July 06, 2023, 11:24:17 PM
#48
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.
Reading books is very traditional but a big help too.
I remember reading books as well and its more about trading in general. If you can find a book locally the better, and also more details are available online just choose the reliable site for this. Trading is not easy, and doing your own study about it will be a big help, I suggest to try also other platform while learning how to trade.
However it is a choice because some people are more comfortable with how to read books,
there are many platforms that we can use to learn so make the best use of it,
what is clear if your trade wants to grow then learning it will help.
legendary
Activity: 3164
Merit: 1127
Leading Crypto Sports Betting & Casino Platform
July 06, 2023, 04:40:14 PM
#47
something that I was able to conclude in this whole time that I was in this cryptocurrency market and trade was that many courses and books on day trading themselves, are not of much help when dealing with cryptocurrencies, it is true that basic things like support and resistance, volume, technical indicators are things that can be used but in terms of profitability it is a very difficult task, I would say that day trade is more for the forex market than for the cryptocurrency market and the problem is that courses and books about day trade talk forex

and when the person reads the technical analysis books and videos, he becomes very motivated and with determination and hope that he will make good profits in the cryptocurrency market with day trade, but when he puts money in and starts to operate, he realizes that he is not making a profit because nothing What he learned applies to the cryptocurrency market, so the person needs to look for videos of experienced traders who are operating cryptocurrencies and at that time the person will see that they are operating in the long, medium and long term, which is the only way to profit in the cryptocurrency market
legendary
Activity: 3108
Merit: 1290
Leading Crypto Sports Betting & Casino Platform
July 06, 2023, 04:30:19 PM
#46
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.
I agree with you, but it really depends on the culture of each person from country to country. For example Finland, they are a country that has the world's best literacy rating as released some time ago.

But of course the development of technology and intelligence has made it easier for many people to get a lot of information. Many video creators share their knowledge in various media, both Youtube and others. But I don't think beginners need to be too excited to make a quick buck in the market, and they just need to really focus on improving their skills and knowledge before trying anything risky.
Beginner traders have their own preferred medium where they can learn easily and where they can learn more. So if they’re fond in reading, those articles found online would be a lot of help. However, for me I’m usually fond on seeing videos, aside that I easily learn from it, at least my eyes too will start to familiarize the scenarios and factors that occur mostly when trading. So whatever your preference OP, give it a try. Also, don’t forget that this forum too will give you valuable ideas about trading. Explore the trading boards and you will definitely learn a lot from the well experienced traders.
sr. member
Activity: 2422
Merit: 357
July 06, 2023, 04:23:32 PM
#45
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.
Reading books is very traditional but a big help too.
I remember reading books as well and its more about trading in general. If you can find a book locally the better, and also more details are available online just choose the reliable site for this. Trading is not easy, and doing your own study about it will be a big help, I suggest to try also other platform while learning how to trade.
hero member
Activity: 3052
Merit: 685
July 06, 2023, 04:14:10 PM
#44
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 are actually losing their value nowadays as most beginner traders just prefer learning from online articles from a legit source. You can actually research some good articles online and do your due diligence to read and understand them. Also, don’t underestimate the power of this forum. You can always learn from the traders experiences shared in this forum, and you can always make some follow up questions if there are times you find it hard to understand.
hero member
Activity: 1204
Merit: 545
July 06, 2023, 03:13:12 PM
#43
Books can serve as a personal navigation system, directing you around the twisting byways of this dynamic world. Some examples of classic literature are as follows:

- John J. Murphy's "Technical Analysis of the Financial Markets" A wealth of information on how to use charts to your advantage.

- Philip Fisher's "Common Stocks and Uncommon Profits." - helps you recognise a unicorn from a mile away.

- Joel Greenblatt's "The Little Book That Beats the Market." A succinct manual for raking in the dough.

- "The Disciplined Trader" by Mark Douglas. When you need to rein in the urge to go for broke.

- The book "Trading in the Zone" by Mark Douglas. It teaches you to trade with your head as well as your heart, which is just as vital.

You are the one behind the wheel; the books just give you directions. Put on your seatbelt, drive safely, and good luck in the markets!
sr. member
Activity: 1022
Merit: 368
July 06, 2023, 03:05:57 PM
#42
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.

You are welcome to the trading journey. You should take baby steps each day and not rush it. You have asked a very insightful question. I have gone through the thread and so many book recommendations have been given. How do you go about picking the right one to start with? Some of the recommended books are not beginner friendly so you should approach with caution. You should explore which is your favorite learning style, I always recommend that my friends start with a short 10 minutes to 15 minutes video introduction on trading. The best was to find the one to watch is to simply look at the video with the most views it means the speaker knows their onus. From there you can get a general idea of the direction to take whether it be through books, online course, YouTube videos, etc.
legendary
Activity: 2044
Merit: 1018
Not your keys, not your coins!
July 05, 2023, 06:48:33 AM
#41
Here are highly recommended books that can provide valuable insights into trading strategies, including day trading:

  • "The Bitcoin Standard" and "The Fiat Standard" by Saifedean Ammous
  • "The Only Cryptocurrency Investing Book You'll Ever Need" by Freeman Publications
  • "A Beginner's Guide to Day Trading Online" by Toni Turner
  • "Start Day Trading Now" by Michael Sincere
  • "Technical Analysis of Financial Markets" by John J. Murphy

Enjoy, and good luck!
Most of books in your list are for investment, not for trading.

[LIST] Big Library of Bitcoin & Blockchain Books. Some books for trading in that list and check Awesome crypto trading.

I only want to remind that trading is harder than investment. You will have more difficulties in trading than in investment and I believe newbies should start with investment first. They must be intelligent and successful investors before they can be intelligent and successful traders.
jr. member
Activity: 80
Merit: 3
July 05, 2023, 12:49:56 AM
#40
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.

Here are highly recommended books that can provide valuable insights into trading strategies, including day trading:

  • "The Bitcoin Standard" and "The Fiat Standard" by Saifedean Ammous
  • "The Only Cryptocurrency Investing Book You'll Ever Need" by Freeman Publications
  • "A Beginner's Guide to Day Trading Online" by Toni Turner
  • "Start Day Trading Now" by Michael Sincere
  • "Technical Analysis of Financial Markets" by John J. Murphy

Enjoy, and good luck!
legendary
Activity: 2338
Merit: 1084
zknodes.org
July 03, 2023, 09:36:15 AM
#39
There's nothing I can recommend because I don't read trading science books.
Some have shared the book in the post above, I think if the OP likes it he can buy it.

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.
Now it's more practical, on Youtube there have been lots of ways to share about trading techniques for beginners and there have been practices, so you can see how the initial process for beginners is so that it's easier to understand, I also prefer to see videos and several other articles which makes it easier for us to learn without buying books.

There's nothing worse than being diligent in reading books, it's also actually easy to understand, but if there are more available on the internet, I'll look for them more on the internet.
Now times have changed and learning media has become more sophisticated. Not only from reading, but watching videos carefully will provide a lot of knowledge and can also be immediately practiced. Beginner trading video tutorials are really explained in detail. Especially now that there are also many AI that make it easier to learn, you can ask AI about trading tips and some of their understanding easily.
jr. member
Activity: 70
Merit: 6
July 02, 2023, 09:41:25 AM
#38
Trading in the zone by Mark D. A lot of people see it a very valuable book and because of that I bought it years ago but never opened it since I already had the info to keep going. However, I still advice you to read it based on the hype that book had by then.
full member
Activity: 952
Merit: 232
July 02, 2023, 09:37:06 AM
#37
For the avid readers, we understand that reading a book is best enjoyed while relaxing. The need to chock down several important information by reading is more of studying.
In this case, the book you should be looking for, should be able to prep your mind and stimulate your imagination. It should be able to help you think and carry yourself like an investor in cryptocurrency (if that's what the book is about). Not one that talks about a different story like love or sci Fi.

Better still, the kind of books you meant can be summary articles on the subject of interest, which in this case is crypto. Watch more practical videos online and discuss with real time mentors. It will double your chances of trying it out, and also you get to make profits faster.
sr. member
Activity: 1316
Merit: 356
July 02, 2023, 08:22:31 AM
#36
Personally, it's best to join mentorship than to rely in books because most of the time you will just learn an outdated trading strategy which is not working in a modern market. And for the books, I suggest to read a book that will improve your psychology in trading such as Atomic Habits because what I have noticed, most people who loses a lot in trading are the one who don't have discipline and patience, they're the ones who forcing a trade without a clear setup.
legendary
Activity: 1596
Merit: 1288
July 02, 2023, 08:14:27 AM
#35
1. Binance Academy

I strongly recommend staying away from reading Binance Academy for beginners, as it is basically an encyclopedia for anyone who wants to increase their information about something without going into details or knowing it in depth, which is something different as @op wants to learn the details and start his journey to learn trading properly, and therefore Binance Academy is not a place fit him.

The Crypto trader is good

How to day trade for a living is a book for active trading which is L2 after you learn trading basics.
member
Activity: 469
Merit: 13
July 02, 2023, 08:07:05 AM
#34
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 a lot of books related to crypto trading. But those are theories. You need practical knowledge as well. You can try out the below websites or books.

1. Binance Academy
2. The Crypto trader
3. How to day trade for a living
legendary
Activity: 1596
Merit: 1288
July 02, 2023, 07:48:46 AM
#33
I do not advise you to read a book only to master trading, as trading is based on experiences, experience and psychological factors more than just a person reading a book, and therefore creating a demo account and learning the basics of technical indicators while following the news and controlling emotions is much more important than reading a book, which may not be updated according to the course the price.

Read the basics of trading and you can read The Intelligent Investor by Benjamin Graham to find out
Create a demo account and learn to trade without losing your money.
Learn how to draw Tradingview charts.
Repeat until you learn from your experiences.
legendary
Activity: 1848
Merit: 1982
Fully Regulated Crypto Casino
July 02, 2023, 05:33:22 AM
#32
Personally, I have not read any book on trading, I rely on YouTube or tutorials from the Internet when I need to explain a certain point or increase my knowledge about trading.

This differs from person to person. Some people find reading books more fun and useful, while others like to follow YouTube and Telegram. In the end, it is important to increase our knowledge and gain experience in trading the way each trader sees fit.

But the problem is that books, YouTube or online courses do not give you trading secrets if they are free.
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