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If you are thinking of diving into the crypto-trading-space then you need to acquire some knowledge or else you are in danger of ”burning” your pocket. In this article, we present our selection of the best crypto trading books for new traders. Enjoy.
Cryptocurrency can no longer be ignored. With the value of Bitcoin rising from $0.60 to almost $10,000 in less than 10 years, new crypto-coins being minted and released every year, and blockchain – the technology at the base of cryptocurrency – being applied in more and more fields, there are no more doubts: cryptocurrencies are the future.
Even though bitcoin and other cryptocurrencies are being widely used for online and offline purchases (check our guides on buying hosting with bitcoin, buying domain names with bitcoin and buying VPN with bitcoin), it is still not as widely accepted as other forms of traditional money.
This doesn’t mean that crypto coins are useless today. It’s quite the opposite! Trading Bitcoin and Altcoin is today a great way of making some extra cash online and – if you’re lucky, skilled and reckless enough – even becoming rich. More and more people worldwide are deciding to start investing in crypto and if you’re considering doing the same you can be sure this is a good idea. An even better idea would be to start training yourself about crypto trading and learning as much as you can.
Especially to complete beginners, crypto trading can seem a bit confusing, and before you make all those mistakes that can make you lose a lot of money, we suggest you take some time to study the subject. When you put your money at risk, you better be knowing what you are doing. You’re going to take risks anyway, and you’ll probably make mistakes as well, but they’ll be calculated.
For this purpose, we want to provide you with the list of the top 10 best crypto trading books for 2020. Each of these books is useful for different purposes and objectives, but we included only the best ones in their own field.
Best Crypto Trading Books – Table of Contents
- 1. An Altcoin Trader’s Handbook
- 2. Cryptoassets: The Innovative Investor’s Guide to Bitcoin and Beyond
- 3. Japanese Candlestick Charting Techniques
- 4. The Crypto Trader
- 5. Swing Trading
- 6. Forex Trading 2020
- 7.The Art and Science of Technical Analysis
- 8. Forex & Cryptocurrency Trading
- 9. Swing Trading for Beginners
- 10. Cryptocurrency trading & Investing
BEST Crypto Trading Books
1. An Altcoin Trader’s Handbook
by Nik Patel
Bitcoin was launched in 2009 and it had a huge success. Its value and popularity have grown exponentially and with time it has become the pioneer of the cryptocurrency revolution. Following Bitcoin’s success, in fact, other cryptocurrencies have been released during the years, and these have had a lot of success as well: they are called Altcoins (alternative coins) and today it is possible to trade not only Bitcoins, but also every other crypto-coin (Litecoin, Ethereum, Ripple, and hundreds more).
An Altcoin Traders’ Handbook can teach you the basics to learn how to trade not only Bitcoin but also every other crypto-coin out there. We are not going to describe the content of every chapter here, but what makes this book great – in our opinion – is that:
- It discusses different aspects of crypto trading (from technical analysis, fundamental research, risk management, to controlling emotion and market psychology) without digressions so that the book results dense with information and you happen to read every single page with interest, and
- The author – Nik Patel – shares his experience with crypto trading throughout the book, and his experience is somehow motivating. He is not a genius of trading, he is just a guy who discovered cryptocurrency in late 2013 and decided to try to invest in them. He learned a lot of staff during his journey (now he is a full-time trader) and he decided to share what he learned.
If a regular guy made it why shouldn’t you?
2. Cryptoassets: The Innovative Investor’s Guide to Bitcoin and Beyond
by Chris Burniske
Cryptoasset is not simply another word to say cryptocurrency as many believe. Cryptocurrency are crypto-assets, but crypto-assets also include platform tokens, utility tokens, and transactional tokens. You are going to learn the meaning of these terms in the book, but just to make an example: Bitcoin, Litecoin, Monero are all cryptocurrency, well-known blockchain assets that act as money or digital currency; Ethereum is a Platform token, designed to act as a platform for other blockchain projects (other crypto-coins can be created using the Ethereum platform).
Why is important to know about such a distinction? Because you can not only invest in cryptocurrency, but also in crypto-assets – and you want to know what you are investing in. The book covers the descriptions of crypto-assets and teaches you a variety of methods to invest in each one of them. It also discusses ICOs (Initial Cryptoasset Offering) investments, an opportunity to invest in brand new blockchain projects.
The book is also very suitable to complete beginners, as it covers the history of the development of crypto-assets from 2009 to the present. So if you haven’t followed the crypto-revolution from the beginning, this book is a great opportunity to catch up.
3. Japanese Candlestick Charting Techniques
by Steve Nison
This book doesn’t strictly deal with crypto trading but we wanted to include it the same as it can be useful to all kinds of traders. Japanese Candlestick Charts (often referred to as simply Candlestick Charts) are a style of financial chart used to describe the price of a currency. Each daily candlestick shows the market’s open, high, low and close price for the day.
Japanese Candlestick Charting Techniques contains hundreds of examples to show you how candlesticks can be used in all of today’s markets, crypto trading included. You’ll learn how to use candlestick charts to determine possible price movements. Also, trading is often dictated by emotion, and with this book, you can learn how to read the market trend in candlestick charts.
The reason why we think this book is one of the best concerning candlestick charting is that the author – Steve Nison – integrates candlestick patterns with technical analysis (trend lines, Fibonacci retrace net levels, moving averages, RSI, Stochastics, and more).
After you read this book, candlestick charts will be able to help you make investing decisions – plus, you can apply everything you learn here not only to crypto trading but also to every other kind of trading.
4. The Crypto Trader
by Glen Goodman
This isn’t exactly a manual on crypto trading – this book is almost a personal story, but, still, we think it can be very helpful to those who want to learn about crypto trading. The author – Glen Goodman – was an ITV news reporter who used to trade different markets for extra cash. Thanks to its perseverance and the skills he acquired over time, he started earning so much money that he was able to leave his day job in his thirties. He is known for being able to predict the Bitcoin crash in 2017 and taking all his profits before the crash.
With this book, Glen Goodman shares his experience and basically tells the reader how he managed to make huge profits trading Bitcoin, Ethereum, Ripple and more. In The Crypto Trader, he explains the trading strategies and the methods that he used, but also the mistakes he made during the years.
Whatever is your path, mistakes are inevitable and… useful. It is thanks to your mistakes that you can learn and improve. But when it comes to trading, making mistakes means to lose lots of money so, if you can learn from someone else’s errors, it would be a huge help.
5. Swing Trading
by Daniel Kusmich
Swing Trading is a type of trading that sits between day trading and trend trading. A day trader holds a stock for a few seconds or several hours, but never more than one day. A trend trader examines the long-term trends of stock and holds the stock for weeks or months.
Swing traders stay in the middle: they hold a stock for generally a few days to two or three weeks. Daniel Kusmich thinks that swing trading allows the trader to generate a higher profit in the long-term with lower losses and less pressure.
With his book, he provides the reader with all the basics of trading and particularly swing trading, so that they can be quickly ready to develop their own strategies or improve the ones they already use.
Some content would be especially useful to beginners (what swing trading is, how to read charts…), but the book also offers insights and examples that an expert trader can find helpful to update her own strategies or develop new ones.
Also, you can apply everything you learn with his book not only to crypto trading but to any profitable market.
6. Forex Trading 2020
by Norman Davison
Forex Trading is known to be too complicated for beginners. Forex exchange is the process of changing one currency into another one, and with Forex Trading you can use the market fluctuations to earn some profit. It’s true: it doesn’t sound that simple. But what makes Forex Trading 2020 one of the best trading books in 2020 is that it discusses forex trading in a way that is 100% comprehensible for even complete newbies.
But, the book doesn’t only deal with “what forex trading is”: it gives the reader a great pre-trading knowledge, but it also teaches you tools, tactics and strategies that can help you trade profitably. Also, the author – Norman Davison – tells his own experience and shares the strategies he used to manage risks and earn a profit. It’s always useful when an author shares his experience instead of just explaining strategies; learning from someone else’s experience and mistakes you can improve your skills more quickly and avoid initial errors.
The book is useful to any trader, but it also contains a specific section on the best strategies to trade cryptocurrency – if you are a crypto trader, or you’re studying to become one, you’ll find the whole book very helpful.
7.The Art and Science of Technical Analysis
by Adam Grimes
This is another book that provides insights that you’ll find useful for trading cryptocurrency and any other markets as well. This may not be an easy reading to complete beginners, but anyone who has some knowledge about trading can find the book useful to learn how to apply what they have learned to actual profitable trading.
The book explores how technical analysis can be used to understand patterns in certain types of market conditions. The book is based on the belief that “buying and selling pressure causes patterns in prices, but these technical patterns are only effective in the presence of true buying/selling imbalance.”
This assertion is supported by extensive statistical analysis of the markets. The book aims to teach you how to use technical analysis to capture these patterns and use this knowledge to make profitable trading.
The author – Adam Grimes – also discuss some trader psychology – he bases his advice on his own experience, which, as we’ve already mentioned, is always a great learning opportunity – that can help you be more productive, face market problems properly, and learn how to evaluate your own performance.
8. Forex & Cryptocurrency Trading
by Jay Ross
This is the second book that deals with Forex trading on this list, but this one expatiates much more on cryptocurrency and crypto trading. This is also perfect for complete beginners since it explains some fundamentals in detail: what is forex trading, how to analyze chart with technical and fundamental analysis and what is the difference between the two.
The book also deals with the advantages of trading on Forex and how to build a career out of it. The book is particularly pleasant to read because:
- It’s quite short and dense with information so it keeps your attention on and doesn’t let you get bored
- After giving you the basic knowledge, the author – Jay Ross – discusses practical information: strategies, tips that you can start applying straight away.
Also, he gives some personal advice that, in our opinion, is super helpful since trading can be so stressful and risky and personal skills like self-control and problem-solving can make the difference.
9. Swing Trading for Beginners
by Jeff McMillan
We already included a book about Swing Trading on this list, but we want to recommend this one to complete beginners. The book starts fro the very basics, for example, it explains what are the advantaged and risks of swing trading. So, if you’re still unsure about what type of trading strategies you want to opt for, this book can help you understand if swing trading could be suitable for you.
Other than basic knowledge, and strategies you can use, the book also deals with other topics that will help understand the market: how social media move asset prices, how to spot under/over-valued stocks, how to analyze charts and capture patterns, but also how to master the emotional side of trading, what are the top traders that you can follow on social media (always keep in mind that learning from others’ experience is super important) and how to develop a passive trading strategy. Those who aim to earn a passive income through trading, in fact, can find this book particularly helpful.
10. Cryptocurrency trading & Investing
by Aimee Vo
This is another beginner’s guide to crypto trading. This is the second edition of the book: it has been revised and updated since the cryptocurrency market has changed in the meantime. This was very intelligent and honest: markets are always changing, especially cryptocurrency ones, and you want to always avoid studying and learning from obsolete resources.
The book doesn’t only deal with trading cryptocurrency markets but also how to invest in ICOs. You can consider ICOs like KickStart Projects: you can decide to invest in a project (usually it’s a project based on a blockchain, sometimes even new cryptocurrency) and be rewarded when (and if) the project will hit success.
If investing in ICOs was your idea, we recommend starting your learning path from this book. It breaks down highly technical information about blockchains, Bitcoin, Altcoin and ICOs in an easy, step-by-step manner that is highly comprehensible even by complete beginners.
Learning curves must start somewhere and if you’re looking for your very first crypto trading book, we highly recommend this one.
This list includes the best crypto trading books for 2020. We recommend reading more than one on this book, hit different topics and learn different types of skills. Also, the more you’ll learn the more you’ll discover issues and topics you know nothing about.
So, if you already have an idea of what you’d like to learn about, pick the book that most suits you for now, but don’t stop there. Keep on reading, studying and learning.
Crypto trading is a high-risk business and it is also always updating so you can never stop learning. We strongly believe that our list of the best crypto trading books for 2020 can be helpful to both beginners and skilled crypto traders.
Finally, if you enjoyed our selection of the best crypto trading books, feel free to share this article. It means a lot to us.