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?

What is the CEX?

CEXs are platforms that act as an intermediary to facilitate the buying and selling of cryptocurrencies (and other assets). They are also custodians of your funds and wallets.

The term centralized refers to the fact that there’s an entity controlling these exchanges and, by trading there, you are placing a lot of trust in that entity, including trusting it with your money.

In crypto, we also have decentralized exchanges (DEXs) that use peer-to-peer systems to facilitate exchanges without the user ceding a lot of control to the entity.

A list of CEXs can be found here: https://coinmarketcap.com/rankings/exchanges/, with Binance being currently at the top. There’s also a list of DEXs, though we won’t use them for trading just yet: https://coinmarketcap.com/rankings/exchanges/dex/.

As you can see in the first list, Binance is at the top, so I’m going to use screenshots from this exchange in this section of the book. Here’...