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?

Identifying a trading pattern

Finding a pattern to trade is not hard but knowing that what you are trading is actually profitable over the long run is. Besides finding the pattern, it needs to be tested over various markets, then it needs to be tested live, and finally, you can start trading (initially with a small amount, which increases as you become confident in the technique).

Figure 7.2 – Identifying a trading pattern

Figure 7.2 – Identifying a trading pattern

YouTube/Twitter/Telegram/Discord/TradingView and other social channels

You can get a pattern by watching YouTubers that do exactly this, develop and test patterns over numerous trades. Please make sure you test these patterns carefully as influencers are pressured by their business model to come up with new content. When one shows you new strategies every week, you can be sure they didn’t test them properly.

Twitter is another good source for strategies as it’s focused a bit more on content than on influencers...