A lot of people just starting their way in the crypto world think that trading is a very complicated and very hard to learn activity. And that you have to be a genius to figure it out or at least find some “guru” that will teach you the secret and sacred art of trading (for a hefty price, of course). But that’s rubbish! The crypto market fundamentals are not really complicated and in order to trade successfully you have to just follow a very simple set of rules. There are, of course, some trial and error necessary and some tricks that you pick up over time to make your trading more efficient, but it is not difficult to start getting profit via crypto trading.
Moreover, there are a lot of great resources on the Web that offer plenty of extremely useful information on how the market works and the crypto market fundamentals. And today we will talk about a select few such resources.
Disclaimer
Before we will start talking about resources where you can get the best information out there, you have to remember three rules that are truly universal.
- Trading (any trading) is inherently risky, and crypto trading is even riskier (higher profit margins always come at a cost. All traders, even the best ones, make losing deals on a regular basis. The trick is to learn from losing trades and follow the rules of risk management, so you won’t drain your deposit.
- Trading is not gambling. So you have to carefully calculate every single trade in order to be successful, gambling on trades will quickly drain your deposit. This also means that you should expect to make a fortune quickly on a few successful trades – in trading, just like in any other field, success comes with methodical work, time and experience.
- Keep your emotions under control – never make a trade based on fear, anxiety, frustration or excitement. It may seem obvious, but in fact that is the rule most traders struggle with.
Investopedia
This is a great starting point for anything related to money, trading and investment, not only in the crypto market, but also in traditional markets. There are a lot of informational and educational articles covering pretty much every topic imaginable about investment, trading and crypto. There are also plenty of guides that will help you to get started in crypto trading or in traditional assets investments.
Another great feature of the platform is their Academy where you can learn the basics of crypto trading, pick up some tricks from pros and gain a lot of skill pretty quickly.
TradingView
Another more “generalistic” resource, dedicated to “everything about trading”, both in traditional and in the crypto market.
The main feature of TradingView is sharing of trading ideas, analytics and forecasts between users. Moreover, traders not just give their forecasts, but also provide extensive explanations, so newcomers can not only receive relevant predictions, but also pick up market analysis skills.
However, it isn’t a great place to start learning about the market, since TradingView supposes that the audience have at least basic knowledge of trading and basic understanding of market processes. So maybe come here after Investopedia.
Coindesk: Crypto Trading 101
Coindesk is one of the most popular crypto news resources on the Web. This is useful for any crypto trader by itself, since a lot of price movements are caused by the news. But Coindesk also has a great section specifically tailored for beginners: Crypto Trading 101.
This section offers a lot of educational articles, that will help new traders to learn a lot of aspects of the trade, including, but not limited to:
- How to read and analyze price charts
- How to determine support and resistance levels
- How to trade on specific cryptocurrency exchanges
There are also plenty of podcasts and other hands-on materials.
And the unique feature of the Crypto Trading 101 section is a curated news feed that contains only the news pieces most useful for market analysis.
The BitMEX Blog
BitMEX is one of the popular platforms dedicated to cryptocurrency derivatives trading. And just like many other exchanges, it has its own blog. But unlike many other platforms, education of new crypto traders is the main focus of the blog.
Here you’ll find not only the basic information about crypto derivatives (what is it, how it works, etc.), but also invaluable advice on trading derivatives and market analysis.
The blog also contains useful articles on secure handling of cryptocurrencies, wallet selection and guides for other aspects of the crypto world.
Udemy Online University: Cryptocurrency Wealth: How to Trade and Invest Like the Pros
Udemy Online University doesn’t really need an introduction – it is that famous. So if you want a slightly more formal and academic education on crypto – Udemy is a perfect solution for you.
There are plenty of courses on crypto trading for beginners,experienced traders and professionals. All courses are created by experienced lecturers and successful traders that have a lot of practical experience in the market.
The beginners course is enough to start trading and making money. More advanced courses, in their turn, will help you improve your trading efficiency and predict market movements much more precisely.
This is just a fraction of resources offering information on crypto trading on the Web, so don’t feel intimidated by the market – there are plenty of people ready to unveil its secrets.
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