5 Cryptocurrency Trading Books To Read In 2024
There are high chances that you missed the euphoria around the cryptocurrencies in 2017, and believe me, there is nothing to be sorry about.
The 2017 rally in cryptocurrencies showed the world its real potential and also shut the mouths of many critics.
But, if you do not want to miss the next crypto wave or profit from its price actions, then you should start now.
Trading in cryptos shares the same characteristics that of equity or forex, but there are certain key differences that you need to know before taking a plunge.
These five books will help you in the process of making a profitable trade in cryptos.
Best Cryptocurrency Trading Books To Read
#1. An Altcoin Trader’s Handbook
An Altcoin Trader’s Handbook is an excellent resource for learning about cryptos and making successful trades.
Authored by Nik Patel, a full-time crypto trader and investor since 2013, and you find him with Twitter handle @cointradernik, where he shares insights on the market and annotated charts.
The book not only focuses on how to identify a profitable trade and price-action but also provides insights on balancing risk and portfolio management.
In the book, the author has shared some of his personal trading experiences, which will help you to relate to the live trading environment. And, a separate section is entirely devoted to Security, in which he discusses the checklist and hack to keep your digital assets secure.
This book is available both on kindle and paperback version and is rated five stars on Amazon and 4.1 on Goodreads.
#2. Cryptoassets: The Innovative Investor’s Guide to Bitcoin and Beyond
This book is a more detailed version of the Nik Patel’s An Altcoin Trader’s Handbook and gives you a clear understanding of how these assets are created and work.
Authored by two crypto experts, Chris Burniske and Jack Tatar, the book deals with five key elements of the cryptosphere:
- Determining the right value of the cryptoassets
- Portfolio management techniques to maximize returns
- Navigating bubbles and crash
- A guide to crypto exchanges, wallets, ICOs and other market vehicles
- Impact of blockchain technology in the current portfolio
The author has tried to explain the different aspects of the crypto economy and markets lucidly and coherently. The book is available on Amazon in hardcover and audiobook versions.
#3. Japanese Candlestick Charting Techniques
Learning Japanese candlestick charting techniques is the most essential and vital process to become a successful trader. It is one of the most widely used charting techniques around the world and was developed in the 18th century by Munehisa Homma, a Japanese rice trader.
Steve Nison later popularized it in his book, Japanese Candlestick Charting Techniques.
A candle contains four key information, opening prices, closing price, high price, and low price, for a particular period, which will help you to identify the sentiment and trend.
There are many books available through which you can learn using candlestick charting techniques, and make profitable entry and exits from trade.
#4. Cryptocurrency Trading: A Complete Beginners Guide
This is another book through which you can get a clear understanding of the cryptosphere and is written on easy-to-learn pacing. The book is authored by Crypto Tech Academy and is available on kindle and paperback versions on Amazon.
The book touches on four key aspects of the cryptosphere and crypto trading.
- What is a cryptocurrency, and why is it needed?
- Easy steps to differentiate between popular cryptocurrencies
- How to leverage cryptocurrency
- Learning investment strategies and how experts are doing it
It has also dedicated a part to bitcoin profit secrets by most successful bitcoin investors.
#5. The Art & Science of Technical Analysis
The book is written by Adam Grimes, offering a deep insight into profitable trading patterns and strategies. The book explores the way to capture the statistically validated price action movement and patterns in a certain market condition to turn into a profitable trade.
Supported by extensive statistical analysis, the book has tried to debunk some of the widely used chart patterns and tools like Fibonacci analysis, and use other tools and trade setups.
As a trader’s trainer, Adam has tried to throw light on trader psychology and trader learning curves, how each affects the market.
The Art and Science of Technical Analysis provide a realistic view of the market, how it behaves and when technical analysis can be used to trade successfully.
It is available on both Kindle and hardcover versions and is rated 4.5 stars on Amazon.
#6. Cryptocurrency Trading & Investing: Beginners Guide To Trading & Investing In Bitcoin, Altcoins & ICOs
This book is authored by Aimee Vo, an ex-investment advisor at UBS, with seven years of experience as an equity trader before beginning to focus on cryptos.
The book is comprehensively written and is suitable for beginners, but can also be read by people with an intermediate level of knowledge about cryptos. It includes every aspect related to crypto investing and trading from tutorials for creating a trading account, wallet, to researching profitable coins.
It also focuses on advanced concepts used in trading cryptos, trading crypto on margin, and how to perform technical analysis.
The book is available in both Kindle and hardcover versions and is rated 4.6 stars on Amazon.
Conclusion
Crypto trading might look similar to equity trading, but it differs as the concept of the underlying asset is very different.
Moreover, the crypto market is highly volatile, with a 24/7 trading environment makes trading difficult and riskier.
Therefore, before venturing into the world of crypto trading, reading books on the topic will significantly enhance your subject knowledge and will prepare you mentally.
Lastly, doing practice on virtual trading accounts or do paper trade to get familiar with the process of trading and investing in crypto is the obvious next step after reading these books.
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