Day trading cryptocurrencies has become an increasingly popular financial activity, offering the potential for huge returns to those who understand the market’s complexities and nuances.
Digital currencies like Bitcoin and Ethereum can experience significant price fluctuations in short timeframes, such as minutes or seconds. This volatility presents opportunities for day traders to take advantage of these quick changes.
Starting with day-trading is not easy task – as many thing is. Having the right mindset and choosing the right educational materials is crucial for beginners entering crypto day trading.
That’s why, in this article I am sharing a selection of 12 day trading books for beginners. These books might not all talk about cryptocurrency, BUT, they are the top-of-the-pops when it comes to day trading.
Factors like..
- the author’s expertise
- the book’s focus on beginner-friendly concepts
- clear explanations
- updated content
- real-world applicability, and
- reviews
.. where considered when choosing these books.
So, without further ado, let’s explore some of the top books that can help beginners navigate the intricate world of crypto day trading.
Best Day Trading Crypto Books For Beginners
Before you jump into the list, here’s my #1 recommendation if you want to learn about day-trading as a beginner.
1. A Beginner’s Guide – How to Day Trade For A Living
I’ve got to say, this eBook is a real gem for anyone who’s new to crypto day trading. It’s called “How to Day Trade for a Living: A Beginner’s Guide to Trading Tools and Tactics, Money Management, Discipline and Trading Psychology,” and it really does what it says on the cover.
What I liked about it is how it takes complicated ideas and makes them easy to understand. It doesn’t just tell you about the tools you need for trading; it also gets into the mindset you need to succeed. And trust me, when it comes to trading, having your head in the right place is half the battle.
Now, some folks might be put off by its length – 384 pages is quite a bit. And yeah, because it covers so much ground, there are spots where I wished they went more in-depth on crypto specifics. Plus, with how fast things change in crypto, parts of the book might need updating down the line.
But here’s why I think this is the best day trading book for dummies: It gives you a solid foundation without overwhelming you. It teaches you not just how to trade but also how to manage your money wisely so that you don’t lose your shirt when things go south. That’s something many beginners overlook when they’re excited about jumping into trading.
So if you’re looking to get into crypto day trading and want a guide that won’t leave you feeling lost or confused, this eBook is definitely worth checking out.
Day Trading Crypto Books For Beginners
Here’s the complete list of day trading Crypto Books For Beginners, including my number one recommendation:
- How to Day Trade for a Living: A Beginner’s Guide to Trading Tools and Tactics, Money Management, Discipline and Trading Psychology – Recommended for its clear breakdown of complex concepts and emphasis on trading psychology.
- A Beginners Guide to Day Trading Online – Offers a straightforward approach with practical tactics that are engaging and easy to comprehend.
- How to Day Trade: The Plain Truth – Provides an honest look at the realities of day trading, prioritizing realistic expectations over hype.
- Day Trading for Beginners: How to Make Money in 14 Days to 3 Weeks – Simplifies day trading topics into manageable steps with strategies for quick learning.
- A Beginner’s Guide to the Stock Market – Distills essential stock market principles into language that beginners can easily understand.
- Technical Analysis for Beginners – Tailored specifically for newcomers, breaking down technical analysis into accessible information.
- Day Trading QuickStart Guide – A comprehensive introduction that offers rich insights into practical trading strategies suitable for beginners.
- A Beginner’s Guide to Short-Term Trading: Maximize Your Profits in 3 Days to 3 Weeks – Focuses on short-term strategies relevant for stock markets but also potentially applicable in crypto day trading.
- Day Trading Micro Futures for Income: The Beginner’s Gateway to Trading for a Living – Concentrates on micro futures, providing concise foundational knowledge perfect for those starting out.
- Trading Strategies: Day Trading + Swing Trading – Presents simple yet effective strategies while covering risk management and the psychological aspects of trading.
- Mastering The Mind by Jerome Heath – Explores the crucial psychological component of day trading, making it accessible even if you’re just beginning your journey.
2. A Beginners Guide To Day Trading Online
A Beginners Guide To Day Trading Online is a pretty solid read, especially if you’re new to the world of crypto day trading.
It’s simple, practical, and full of real-world examples that make it easy to understand. But, it’s not all sunshine and rainbows.
The tone can be a bit too casual for some, and if you’re already have some experience in trading, this might not offer much.
The book does a great job at breaking down complex market concepts, making them less intimidating for beginners.
It’s organized in a way that won’t overwhelm you and focuses on building your knowledge and understanding gradually. It’s not just theory, it also dives into real-life trading situations, which I found really helpful.
Now, I wouldn’t say this is the best day trading book for beginners. It’s definitely up there, but I’d rank it second.
Why?
Well, while it’s great for getting started, I feel it lacks a bit in advanced strategies. It’s perfect for understanding the basics, but you might need to look elsewhere for more in-depth tactics as you progress.
But all in all, it’s a worthwhile read for anyone dipping their toes into day trading.
3. How To Day Trade: The Plain Truth
How to Day Trade: The Plain Truth”, and it’s a pretty good guide for getting into cryptocurrency day trading. It’s straightforward and doesn’t beat around the bush when it comes to the risks involved.
What’s great about it is that it takes complex stuff and makes it easy to understand for beginners. It doesn’t make any crazy promises about getting rich quick. Instead, it encourages you to take day trading seriously and be committed to it.
But it’s not perfect. It doesn’t really cover advanced techniques, so if – again – you have a little bit of experience, this might not be for you.
And if you’re looking for something motivational, this might be a bit too blunt. It also doesn’t focus much on technical analysis tools and software.
The book gives a real look at what day trading is like. It doesn’t sugarcoat the ups and downs. It’s practical and helps set realistic expectations. It’s not about getting rich quick, but about following a disciplined path to potential success.
One of the best parts is that it’s written by someone who’s been there and done that. You get to learn from their successes and mistakes. It makes the complex world of day trading more relatable and easier to understand.
In the end, “How to Day Trade: The Plain Truth” is a great starting point for your day trading journey. It doesn’t offer shortcuts, but it does give you the hard truths and the basic knowledge you need to get started.
4. Day Trading For Beginners
Day Trading for Beginners: How to Make Money in 14 Days,” is another great starting point for anyone interested in day trading crypto.
It really breaks down the complicated stuff into simple, easy-to-understand explanations. The step-by-step strategies it provides made it a lot easier for me to grasp the concepts quickly.
One thing I liked about this book is that it doesn’t assume you already know a lot about trading. It’s like a solid foundation for making money through trading. The book is designed for people who are just starting out, so it’s perfect for beginners like you.
But, if you already have some experience in trading, you might find this book a bit too basic. It doesn’t go into advanced strategies in a lot of detail, and it’s not very long, so it doesn’t cover everything. It’s more like a starting point.
Overall, I think this book is a good place to begin if you’re new to day trading. It’s not the only thing you’ll need, but it’s a helpful guide to get you started.
5. A Beginner’s Guide To The Stock Market
Another great day-trading book for beginners is “A Beginner’s Guide to the Stock Market.” Although it talks about stocks, the fundamendals between stocks and crypto are the same.
Going through the books comments, you can see that many crypto aspriing traders gave a 5-star review to this book, due to the fat that this book is perfect for those who are new to trading and want to understand the essentials of trading and investment.
It simplifies complex concepts into easy-to-understand language, making it a great starting point for anyone looking to get into the stock market.
One of the things I liked about this book is that it provides practical starting points for beginners. It condenses key trading principles into a short read, making it easy to digest. The author has done a great job of breaking down the terminology and explaining the basics.
Overall, I think this book is a great starting point for beginners. It lays down the groundwork necessary for making informed decisions in stock trading.
6. Technical Analysis For Beginners: Candlestick Trading, Charting And Technical Analysis
Another great resource for beginner traders is “Technical Analysis For Beginners: Candlestick Trading, Charting And Technical Analysis.”
This book seems like a solid pick if you’re just dipping your toes into the world of crypto trading.
It’s made with beginners in mind and takes complicated stuff about charts and patterns and explains it in simple language.
From what I’ve seen, it covers all the basics of candlestick trading and chart analysis, which are super important if you want to understand how the markets move.
The thing is, when you’re new to trading, all those charts can look pretty intimidating. But this book apparently does a good job at making them less scary.
Now, folks in the reviews say that some they had trouble with the visibility of charts on digital devices and that maybe it could be organized better.
But overall, “Technical Analysis For Beginners” sounds like it deserves a spot on this list because it’s focused on building up your confidence as a trader.
That’s key because feeling confident about what you’re doing is half the battle when you start out in day trading. Plus, being able to understand technical analysis can really give you an edge in making smart trades.
7. Day Trading QuickStart Guide
Another great option for those starting out in the crypto day trading game is the “Day Trading QuickStart Guide.” It’s like a beginner’s crash course that walks you through everything without making your head spin. The book lays things out step by step, so you’re not just thrown into the deep end.
From what I understand, it’s written in a way that anyone can get – no fancy trader talk here. And it’s packed with solid strategies and tips to really get your hands dirty with trading. But don’t expect any get-rich-quick promises; this guide keeps it real about what day trading involves: hard work and smart moves.
Some people might find it leans too much into stuff like Forex and futures instead of just crypto, and there might be a typo here or there. Also, if you’re already past the beginner stage, this might not go deep enough for you.
All in all, though, this “Day Trading QuickStart Guide” sounds like it earns its place on a list of top books for beginners because it gives you a sturdy foundation to start from. Knowing how to set up your trades right from the start can make all the difference between making a bit of cash and losing your shirt.
8. A Beginner’s Guide To Short-Term Trading
Moving on with the list of the best day trading books for aspiring crypto traders is “A Beginner’s Guide To Short-Term Trading.” This one looks like it could be a solid pick if you’re just starting to get your feet wet in the world of trading. It seems to have a friendly approach, which is perfect if you’re not too familiar with how stock markets work and want something that doesn’t talk over your head.
The book apparently offers up some neat strategies for short-term plays, which might be just what you need for quick-moving crypto markets. Plus, there’s this handy Text-to-Speech feature that lets you listen to it when reading isn’t an option – pretty cool for staying on track while multitasking.
Now, I’ve heard some say it’s more about stocks than cryptos and might be a bit basic for anyone who’s already got their trading chops. And if you’re using Kindle to read it, don’t expect fancy features like X-Ray for extra insights into the topics covered.
But here’s why I think this guide deserves mention: It lays down the basics without making things complicated. That means even though it talks about stocks, those same ideas can help you figure out crypto trading too. Just remember that if you want something focused only on cryptos, this book should probably be just part of what you dive into.
9. Day Trading Micro Futures For Income
Next, we have “Day Trading Micro Futures for Income,” which seems like it could be a real help if you’re new to the whole day trading scene and want to get into micro futures. It’s made with beginners in mind, so it’s supposed to be pretty straightforward and easy to follow.
The book focuses just on micro futures, which is good because sometimes when you try to learn about everything all at once, it can get too much. This way, you can start small and not feel swamped by too many details.
I’ve heard that there might be a few typos here and there, and some folks wish there was more meat on the bones of this guide. Also, since it sticks strictly to micro futures, if you’re looking for broader coverage of day trading or deeper dives into strategies, this might not hit the mark.
Still, from what I understand about “Day Trading Micro Futures for Income,” it deserves a spot on this list because it gives you just what you need as a newcomer without overcomplicating things. Just remember that learning about trading is an ongoing process – no single book will give you all the answers.
10. Day Trading For Dummies
This list couldn’t be complete if I hadn’t included a book from the “Dummies” brand. “
Day Trading For Dummies” sounds like it’s got everything to clear up the confusing bits of day trading for folks just starting out. It takes all that complicated trader talk and breaks it down so you can actually get what’s going on.
The cool thing is, this book doesn’t just focus on one tiny part of day trading; it covers a bunch of basics. Plus, if you’re reading on an e-reader or tablet, there are some nifty features that make learning even easier.
Now, don’t go thinking this book will walk you through every step of making a trade – it’s more about giving you the building blocks so you can figure things out yourself. And because crypto moves so fast, some stuff in there might already be a bit behind the times.
But here’s why I believe “Day Trading For Dummies” is worth mentioning: It lays down solid groundwork without making your head spin.
That’s pretty important when you’re trying to wrap your head around something as tricky as day trading in crypto.
Just keep in mind that no single book has all the answers; staying sharp means keeping up with market trends and doing lots of hands-on practice.
11. Trading Strategies – Day Trading + Swing Trading
A little bit before the end, we have “Trading Strategies: Day Trading + Swing Trading,” which seems like it could be a lifesaver for anyone who’s just getting into trading. It promises to teach you strategies that are simple enough to follow and might help you make some gains without getting too lost.
The book doesn’t just throw strategies at you; it also talks about how important your mindset is when trading, as well as how to manage risks. That’s huge because thinking straight and keeping your cool can make or break your success in trading.
Now, I’ve heard some people weren’t thrilled with the physical quality of the book, and if you’re past beginner level, this might all seem like old news. Also, there were a few gripes about editing hiccups here and there.
But from what I understand, “Trading Strategies” is on this list because it does a good job at explaining things without making them too complicated. It sounds like it sets up new traders with a solid base to start from.
12. Day Trading – Mastering The Mind
I saved this one for last – not because it’s not good. On the contrary, “Mastering The Mind” by Jerome Heath seems like a crucial read if you’re getting into day trading and need to get your head in the game.
They say trading is as much about your mindset as it is about knowing all the charts and numbers, and this book looks like it tackles that head-on.
It’s written for folks who are new to all this, so you don’t have to worry about tripping over complicated terms. Plus, if you’re planning on reading with a Kindle, it sounds like there are some pretty neat features that make learning even easier – stuff like being able to take notes right on the page.
Now, at 160 pages, it might not go super deep into every topic. And if you’re looking for those extra details that X-Ray gives you on Kindle books, they’re missing here. Also, keep in mind you’ll need a Kindle or the app to read it.
But here’s why I think “Mastering The Mind” deserves a mention: It focuses on what many other books overlook – the mental battle of trading.
That’s key for beginners because having solid strategies won’t help much if stress knocks you off course.
So even though it might be short and sweet, this book could be just what you need to start strong in day trading.
Day Trading Tips
If you are going to start day trading, here are some Free tips from me.
- Stay updated on crypto market news and understand how economic events affect them. This means doing your homework; create a crypto wish list and monitor news for the companies and markets you’re interested in.
- Set aside what you’re prepared to lose by fixing the amount of capital you’re willing to risk. For example, risking a small percentage, like 1% or 2% of your trading account balance, per trade can help manage your potential losses.
- Dedicate Time: Day trading isn’t a casual endeavor; it demands your dedicated time. If you can’t allocate the bulk of your day, it might not be the right strategy for you. Crypto markets are dynamic, and staying abreast of changes as they happen is vital.
- Begin with a narrow focus: For novices, begin with a narrow focus, concentrating on one or two cryptos during a session. This helps you track and manage your trades more effectively. The option for trading fractional shares can be especially appealing for starting out with smaller investments.
- Stay away of low-cap cryptos: Steer clear of low-cap cryptos, which are typically less liquid and carry higher risks. Many of these low-priced cryptos are not listed on major exchanges, meaning you might struggle to trade them, let alone turn a profit.
- Plan your trades: Timing is everything, so plan your trades. For beginners, it might be wise to observe market patterns for the first 15-20 minutes instead of jumping in. The middle of the day often sees less volatility, with activity picking up again as the closing bell nears.
- Use limit orders to manage your risks. While a market order will execute at the current best price, a limit order allows you to specify the price you’re aiming for, giving you greater control over your entry and exit points.
- Be realistic about your gains; not every trade will be a winner. What matters is making more on your successful trades than you lose on the unsuccessful ones. Ensure you have a clear strategy with defined entry and exit points, and stick to it — this will help manage both your profits and potential losses.
- Remain composed. The crypto market will test you. Decisions based on logic and strategy rather than emotions will lead to better results. Remember, plan your trades and trade your plan, maintaining discipline even when the market fluctuates.
Bottom Line
There you have if folks. My selection of the best crypto day trading books you can pick up on Amazon and start grinding your way to riches.
If you are going to choose one book and only to start, choose A Beginner’s Guide – How to Day Trade For A Living, It’s my number one recommendation.
Later on, you can purchase the rest of this collection.
If you have a book that you believe it is worth to appear in this list, send me an email and I’ll consider it.
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