How to learn Crypto Trading?

Learn Crypto Trading or Stay Broke. As you may know, with each passing day, Cryptocurrency is becoming increasingly popular. People are making out lives from Crypto. This popularity of Cryptocurrency inspires new individuals to enter the world of Cryptocurrency.

If you want to start Cryptocurrency Trading and become a master of trading you need to understand the rules of the Crypto Market.

The Crypto Market is a complex market with its own rules, terminologies, and trends. Yes, I am making you aware that you need to focus on learning crypto trading before starting. 

You can lose money if you don’t know the right approach. It needs time, effort and tons of dedication to learn cryptocurrency. To master the cryptocurrency you must take at least 3 of the courses and then practice with a demo account. 

You need proper resources in your hands to learn crypto trading. The Internet is full of video courses, books, articles and so many resources to learn from. In this article, I have curated resources that will help you to master cryptocurrency trading.  

The best way to learn crypto trading is:

  1. Learn the Basics of Cryptocurrency
  2. Read Books and Articles
  3. Join the communities
  4. Analyze the Market Trends
  5. Start with a Small Investment
  6. Practice Trading
  7. Build your own System

What is Cryptocurrency?

Cryptocurrency is sometimes referred is digital gold. It is a digital currency that uses cryptography for security. It operates independently of a central bank and can be transferred directly between individuals without the need for intermediaries such as banks or governments. Cryptocurrencies use a decentralized system based on blockchain technology to verify and record transactions.

In the late 1990s, two researchers, Adam Back and Wei Dai, developed protocols for a digital cash that used cryptography to ensure anonymity. This leads us to the creation of Bitcoin by an anonymous person or group of people using the pseudonym Satoshi Nakamoto.

 Since then, thousands of other cryptocurrencies have been created, including Ethereum, Litecoin, and Ripple.

Cryptocurrencies work on a decentralized system based on blockchain technology. A blockchain is a distributed ledger that records all transactions and makes them publicly available. 

When a transaction is made, it is verified by a network of users and then added to the blockchain. Once a transaction is recorded on the blockchain, it cannot be altered or deleted.

To ensure the security of transactions, cryptocurrencies use cryptography. Each transaction is encrypted with a unique key that only the sender and receiver have access to. This makes it difficult for hackers to steal or alter transactions.

You can earn money from cryptocurrency using the following methods:

  1. Crypto Trading
  2. Crypto Mining
  3. Investing

As promised in this article we will cover how to learn Crypto trading.

Crypto trading

Crypto trading is the name of buying and selling cryptocurrencies for profit. Like any other financial market, crypto trading involves buying low and selling high to make a profit.

To mention it again, due to the high volatility of cryptocurrencies, trading requires a certain level of expertise, discipline, and risk management.

  • Day Trading: Day trading involves buying and selling cryptocurrencies within a single day. 
  • Swing Trading: Swing trading involves buying and holding cryptocurrencies for several days to weeks. 
  • Scalping: Scalping is a short-term trading strategy that involves buying and selling cryptocurrencies within seconds or minutes. 
  • Position Trading: Position trading involves buying and holding cryptocurrencies for a long time, usually months or years.

Learn Crypto Trading

There are several resources available that can help you get started. These include crypto courses, books, blogs, and communities. We will discuss them one by one.

However below are the basic category of resources that you can learn about trading crypto from:

  • Crypto Courses
  • Crypto Books 
  • Crypto Blogs
  • Crypot Communities

1. Crypto Courses

Crypto courses provide a structured way to learn crypto trading. They usually cover the basics of crypto, technical analysis, risk management, and trading strategies. 

Below are the 2 best courses for learning cryptocurrency. I have tried to choose the most reputable course provider so that your money is not wasted.

1.1 Course by Wealthy Education

This course is on udemy offered by Wealth Education. I have personally checked the quality of this course and you can also see this from the reviews. 

This course will teach you to understand the system of crypto trading. You will learn when to buy the crypto coin and when to sell it.  

The table of contents is pretty much all you need to know about the crypto world. The course is about 9 Hours long and you will have tons of time to practice crypto trading.

On the high level, after completing this course you will be able to:

  • Trade Cryptocurrency
  • Do Crypto Research
  • Read and Analyze a Crypto
  • Use Support & Resistance to Trade

1.2 Crypto Trading 101 Course

The course is taught by Luca Moschini. This course will teach you Technical analysis for day trading, swing trading and investing in cryptocurrencies. There are more than 32k students enrolled and the reviews are incredible.

On the high level, this course will teach you:

  • Understand the blockchain technology
  • Learn to read candlestick charts
  • Learn how to find and trade candlestick patterns
  • Understand and use risk reward ratio correctly for both day trading and swing trading

2. Crypto Books

Crypto books are another way to learn crypto trading. They provide in-depth knowledge about crypto trading, including the history of crypto, trading psychology, and technical analysis.

Crypto books are usually written by experienced traders and investors and can offer valuable insights into the market. Here are 2 books that can help you get started with your Cryptocurrency trading and investing.

2.1 Chart Logic by R.S. Varnes

This book is very famous for technical analysis. You can check the complete description and along with the reviews below:

Technical Analysis Handbook

2.2 Day Trading Kills

This book is not only for crypto trading but A Must-Read for Anyone Considering Day Trading Forex, Futures, Stocks, Options, and Cryptocurrencies.

Best Crypto Trading Book

3. Crypto Blogs

Crypto blogs are a great way to stay up-to-date with the latest trends in crypto trading. They offer a wide range of topics, including news, analysis, and trading strategies.

Crypto blogs can also be a source of inspiration and motivation for traders. However, you need to be careful to choose a reputable blog that provides accurate and unbiased information.

You can read blogs from Binance, Coinbase, and other famous crypto marketplaces. They do publish blogs on regular basis.

4. Crypto Communities

Crypto communities are groups of traders and investors who share their knowledge and experience about crypto trading. They can be online or offline and offer a supportive environment to learn and grow.

Crypto communities can also provide opportunities to network and collaborate with other traders. However, you need to be careful to choose a community that fits your trading style and goals.

The best community you will find is on Twitter. You can follow a few persons that are interested in crypto just like you. And you will see the knowledge coming from these gurus.

Follow me on Twitter as well

Summary and Conclusion

In this article, we have explained how to learn cryptocurrency trading. We have discussed the 4 different methods that can make you a master of crypto trading. I hope this article was helpful. I would love to see your feedback or questions in the comment section.

Happy Trading!!!

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