Trading book I have read so far | Bitcointalksearch.org

SquallLeonhart

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Quote from: death69 on April 10, 2021, 05:55:33 AM

There are a lot of trading books I have read so far, may be more than 15 (some of them are bullshit, honestly). I also spend my time on tradingview to understand others trader perspective. It is an excellent forum for traders with visual charts and big community. Those books below are those I find interesting and worth to spend multiple time to read. The more I read, the more I realize something. They are also suitable for newbie, too

Definitely you have contributed to this community in very big way by helping them with the exact recommendation after your own personal experience. There are people here who are always suggesting something based on what they have heard/read but never based on own experience ( because I'm sure this is the first time I am seeing such suggestion from a high rank forum member and all others are from newbies in 99% cases).

But honestly I am familiar with most of the topics what you are suggesting here still I am not able to make big money out of my trading. Pattern recognizing and chart reading are always lagging against market fluctuations. If we are having something which is predicting market direction well in advance then that would be more useful to crack profits.

Kasabus

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Quote from: semobo on April 15, 2021, 08:08:30 AM

Quote from: moneytome368 on April 13, 2021, 05:44:54 PM

I'm looking for more books to read and thanks OP for sharing the links of those books, will start reading it now. Grin

Reading alone will not be enough, starts to apply them in real life and don't forget you can get the knowledge by reading but you can make successful trades by applying those strategies only when you are practicing it.

Application is very important to know if that strategy is really working and to test ourselves if we learn something from what we read. Because that all be useless if we just keep it and never do the execution.
I really appreciate such a compilation and I hope those people who are searching for books like this will catch this thread and could also read these books.

But, the learning doesn't just stop there unless if you feel enough about it. We can be more successful if we never get tired of learning.

semobo

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Quote from: moneytome368 on April 13, 2021, 05:44:54 PM

I'm looking for more books to read and thanks OP for sharing the links of those books, will start reading it now. Grin

Reading alone will not be enough, starts to apply them in real life and don't forget you can get the knowledge by reading but you can make successful trades by applying those strategies only when you are practicing it.

Kayum10029

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All the books mentioned above carry considerable importance about cryptocurrency trading. If any new trader follows the mentioned books then he will know many details about trading. I have been focusing on some books lately and are interested in trading accordingly.

Maslate

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Quote from: moneytome368 on April 13, 2021, 05:44:54 PM

I'm looking for more books to read and thanks OP for sharing the links of those books, will start reading it now. Grin

Well, I hope you enjoy reading these books and can apply this in the future.
It for sure you can find a big difference in real trading but all the strategies found in these books are really helpful. What makes it important is that we have some hints that we never heard in online tutorials. But we don't just stop reading, we need also to expose more on trading and apply all the learnings we got.

moneytome368

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I'm looking for more books to read and thanks OP for sharing the links of those books, will start reading it now. Grin

Sled

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If we are willing to learn about trading, we are also willing to spend time searching for the best sources that could help us. These books are old already and somewhat outdated but the content will likely be the same as the new releases, and these books are worth reading.

There are a lot of trading tools online but we can't neglect also the big help that these books can give to us. Only we need some adjustments due to technological advancement but still, we can apply those learnings and teaches that we got from these old books.

trigger1975

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Quote from: tbct_mt2 on April 12, 2021, 09:23:26 PM

The Supply and Demand theory is useless in crypto market. Price is not moved simply because of supply or demand. If it is moved like that theory, price of bitcoin or altcoins don't have over bullish or over bearish times. Supplies don't change with some cryptocurrencies, they have fixed total supplies. The demand is only presented clearly in bear market. In bull market, demand is faked by hypes, greediness and leverages.

What makes the difference, by what supply and demand are driven? There are a number of people willing to sell coins and a number of people willing to buy. If the demand for coins/shares/whatever is greater than the supply of that good, the price is rising and falling if otherwise. The market does not care about the motivation of buyers and sellers – they just have to meet somewhere to make a price.

death69

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Quote from: slaman29 on April 12, 2021, 07:02:33 AM

I just find it difficult to believe Supply and Demand applies to some alts that are heavily manipulated.

Agree. Small alts are heavily manipulated and it is harder to trade. But top 100 alts are all good opportunity. Unless there is a blackswan (even Forex has blackswan), trading with altcoins give you more profit because of more opportunities and lower leverage level.

Quote from: tbct_mt2 on April 12, 2021, 09:23:26 PM

The Supply and Demand theory is useless in crypto market. Price is not moved simply because of supply or demand. If it is moved like that theory, price of bitcoin or altcoins don't have over bullish or over bearish times. Supplies don't change with some cryptocurrencies, they have fixed total supplies. The demand is only presented clearly in bear market. In bull market, demand is faked by hypes, greediness and leverages.

If you believe in demand in bull market, you can accept overvalued prices and that is not good. If you accept it and use leverage, you will be demised when fake demand vanishes into the air.

You are kinda misunderstand the position. Supply does not mean that the current supply of a coin but actually, a number of coin which sellers intend to sell. By that I mean, selling bitcoin at $10000 is a totally different supply with selling bitcoin at $60000. When an appropriate supply meet a fair demand, the price will kindly be stable. And as you can see on the chart, because of the hype of cryptocurrency, the current demand is always higher than supply which force the price to go up

The fixed number of cryptocurrency is also an interesting point. It destroys the inflation which is the intrinsicness of cash

tbct_mt2

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Quote from: death69 on April 11, 2021, 01:46:03 PM

Why? Because they are all based on The Supply and Demand theory

The Supply and Demand theory is useless in crypto market. Price is not moved simply because of supply or demand. If it is moved like that theory, price of bitcoin or altcoins don't have over bullish or over bearish times. Supplies don't change with some cryptocurrencies, they have fixed total supplies. The demand is only presented clearly in bear market. In bull market, demand is faked by hypes, greediness and leverages.

If you believe in demand in bull market, you can accept overvalued prices and that is not good. If you accept it and use leverage, you will be demised when fake demand vanishes into the air.

slaman29

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Quote from: death69 on April 11, 2021, 01:46:03 PM

Are you sure about that ? Lets me demonstrate you some simple lines that might be helpful to trade and make you realize the opportunity lies in ripple during this bullish

There is always opportunity to trade. The lower the timeframe, the more trades they are. Be flexible. All the markets are the same. And it is not necessary to make a trade if you can not make an analysis

Why? Because they are all based on The Supply and Demand theory

Thank you for your response to this. With something so volatile like crypto, yes, I agree, there are plenty of opportunities to trade in very small times frames. That was what attracted us to forex before when it first came online with broker platforms, different and more volatile than stocks.

I just find it difficult to believe Supply and Demand applies to some alts that are heavily manipulated.

death69

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Quote from: slaman29 on April 11, 2021, 08:40:52 AM

Thank you for sharing these books OP. I always think it is good to read and learn but it also very important to point out to newbies that these books were written for very different markets that may or may not act like crypto markets (and definitely, if it acts for BTC market it does not man altcoin markets are the same).

Look at Ripple chart for the past week for example and see how impossible it is to use some of these techniques!

Are you sure about that ? Lets me demonstrate you some simple lines that might be helpful to trade and make you realize the opportunity lies in ripple during this bullish

There is always opportunity to trade. The lower the timeframe, the more trades they are. Be flexible. All the markets are the same. And it is not necessary to make a trade if you can not make an analysis

Why? Because they are all based on The Supply and Demand theory

slaman29

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Thank you for sharing these books OP. I always think it is good to read and learn but it also very important to point out to newbies that these books were written for very different markets that may or may not act like crypto markets (and definitely, if it acts for BTC market it does not man altcoin markets are the same).

Look at Ripple chart for the past week for example and see how impossible it is to use some of these techniques!

Obito

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Quote from: crwth on April 11, 2021, 03:17:00 AM

Trader Psychology
Mass Psychology
Charting Analysis
Trading Systems
Risk Management
Practical Approach

I hope you enjoy it as well because I know I did.

Don't mind if I snag on this recommendations of yours, I plan to learn something about trading so I might be able to learn something from this books, my question is whether some of these books cover the cryptocurrency trading as a whole or is it a general understanding of trading.

crwth

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Quote from: death69 on April 10, 2021, 03:26:41 PM

Quote from: crwth on April 10, 2021, 12:03:25 PM

If I added another book, I would recommend The New Trading For A Living by Alexander Elder. The approach he has in trading is the fundamental tactics that every trader should have.

I guess this book is also related to psychological trading, right? I have added this book to my waiting list. Thanks for your advice

Mostly it answers a couple of things that a trader should know. Let me give you some of the main topics in the book that I remember.

Trader Psychology
Mass Psychology
Charting Analysis
Trading Systems
Risk Management
Practical Approach

I hope you enjoy it as well because I know I did.

cyriljundos

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Wow. It is good that in trading have books and it is very useful to traders, i only know the basic and some of technical trading.newbie in trading would be great if they read your book techniques in trading. Ide love tonuse it on my trading analyslzing candlesticks graphs and some of techniques that useful to trafing matters

Johnyz

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Never heard of those books since I'm too focus on reading local trading books which I can easily understand based on my language but those list looks interesting, good thing you put some links to read those books.

Having the right knowledge in trading is a must, and I can say that books can be big help and once you're ready, you can always go back to this book and look for the answer on your questions. Trading is not easy, it takes a lot of sweat and the process is not a joke, kudos to those who are being a responsible trader and making time to learn things.

crzy

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Quote from: death69 on April 10, 2021, 05:55:33 AM

- Trading in the Zone: Master the Market with Confidence, Discipline and a Winning Attitude (by Mark Douglas) : understand how other traders have built their strong mental with consistent winning. The willing to control your emotion and how to get rid of bad behavior. This book will make you become more disciplined. No detailed technical analysis in this book

This one is exceptional and the best trading book that I've ever read because it hits the main core of every human being and its needed in order to succeed in trading, its about discipline and how you handle your emotion towards the market. If you want to become a good trader, emotion should set aside and just base on what's in the market. I'm looking for more books to read and thanks OP for sharing the links of those books, will start reading it now.

LUCKMCFLY

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It would be good if you could read the books by Jesse Livermore and Richard Wyckoff, because they make you think and see the market in a different way, although they are books focused on the Stock Market, they show the strategies they apply against many markets. scenarios and compared to the market. The market for Bitcoin and Cryptocurrencies is the same, the only thing is that currently social networks are handled a lot, and can be classified according to the authors as instruments to manipulate the market.

The books you place are mainly focused on technical analysis, also on chartism, which are like patterns that can be repeated in the market. In my particular opinion about the authors that I recommend is that they were geniuses of the market, who at that time did not have the facilities to analyze the market with indicators through PC and tools such as Tradingview, they only used resistance lines, as Livermore said: In The market must go in the direction of the line of least resistance, it is the only way to win. The ease of these books is that you can download them for free on the web, you just have to do the respective search and you can download them in PDF format.

death69

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Quote from: crwth on April 10, 2021, 12:03:25 PM

If I added another book, I would recommend The New Trading For A Living by Alexander Elder. The approach he has in trading is the fundamental tactics that every trader should have.

I guess this book is also related to psychological trading, right? I have added this book to my waiting list. Thanks for your advice

Quote from: sheenshane on April 10, 2021, 11:57:41 AM

Quote from: death69 on April 10, 2021, 05:55:33 AM

~

The best book for crypto traders that willing to learn and give you a perspective view of the possible challenges you might encounter in the future.
It has a psychological approach for me that truly improves my trading skills and possibly has a positive result in trading, though the author didn't have spoonfed content regarding the crypto trading system for a simple way you'll understand and there's truly justification of being traders.

There are too many crypto trading books out there that it's pretty helpful to read and understand, but the willingness to learn sometimes wasn't there. Anyway, thank you for sharing this book, and glad to see that my favorite book was there, Mark Douglas was a great author.

Totally agree. Most of my books are ages but they are still useful. People have already found the mechanic of our behavior and thus, controlling our emotion will lead us to success not just in trading but also in our daily life.

Topic: Trading book I have read so far (Read 277 times)