Book Image

Zero to Hero in Cryptocurrency Trading

By : Bogdan Vaida
Book Image

Zero to Hero in Cryptocurrency Trading

By: Bogdan Vaida

Overview of this book

In today's fast-paced digital age, cryptocurrencies have emerged as a revolutionary financial asset class, capturing the attention of investors and traders worldwide. However, navigating the world of cryptocurrency trading can be overwhelming for beginners. Zero to Hero in Cryptocurrency Trading acts as a guiding light to navigate this complex realm. This comprehensive guide to cryptocurrency trading empowers you to go from a novice trader to a proficient investor by helping you implement your own trading strategy. As you progress, you’ll gain structured trading knowledge through hands-on examples and real-time scenarios, bolstered by trading psychology and money management techniques. You’ll be able to automate your manual trades with an algorithm that works even while you sleep. You’ll also benefit from interactive teaching methods, including screenshots, charts, and drawings to help decode market operations and craft your unique edge in the dynamic crypto world. As an added bonus, you’ll receive ready-to-use templates to identify useful indicators, test your strategy, and even maintain a trading journal. By the end of this book, you’ll be well-equipped to trade cryptocurrencies and automate manual trading to give you an edge in the markets.
Table of Contents (13 chapters)
9
Chapter 9: What’s Next?

Understanding the Basics

In this chapter, you’re going to take a risk assessment questionnaire so that you can better understand yourself and be able to handle the emotions you’ll encounter when trading. Next, I’m going to share with you a candlestick story so that you’ll take your first steps in studying a chart on various timeframes. After that, I’m going to share with you how different market participants trade so that you can better understand the market environment and why suddenly one of them buys a token, even if all the indicators show it should be sold. Finally, you’ll learn about the three types of markets and what makes them different.

My goal for this chapter is for you to get to know your risk level and to find out more about the entities that trade alongside you.

Here are the topics we’re going to talk about:

  • A trader’s psychology
  • Understanding risks
  • Cryptocurrencies as an asset class
  • A candlestick story
  • Timeframes
  • Market participants
  • Types of markets