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?

The order book, market depth, commissions, spreads, and slippage

In this section, we will delve into key elements of trading dynamics such as the order book, market depth, commissions, spreads, and slippage. The order book is a vital tool, showing a list of buy and sell orders for an asset. Market depth represents the volume of orders at different price levels, providing insights into supply and demand. Commissions are fees paid to brokers for their services, while spreads denote the difference between the buying and selling price. Lastly, we’ll look at slippage, a phenomenon that occurs when a trade is executed at a different price than expected due to market volatility. Together, these components form the backbone of any successful trading strategy.

I’ve mentioned the term “order book” before but I haven’t explained what it is yet. It’s a very complex topic (entire books have been written about it) and knowing what it is and how it works...