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What are some beginner-friendly resources for learning about cryptocurrency options trading?

avatarGibson ConleyDec 16, 2021 · 3 years ago3 answers

I'm new to cryptocurrency options trading and I'm looking for some beginner-friendly resources to learn more about it. Can you recommend any websites, books, or courses that provide comprehensive and easy-to-understand information on cryptocurrency options trading? I want to understand the basics, strategies, and risks involved in trading options on cryptocurrencies. Any suggestions?

What are some beginner-friendly resources for learning about cryptocurrency options trading?

3 answers

  • avatarDec 16, 2021 · 3 years ago
    Sure! If you're new to cryptocurrency options trading, a great place to start is by visiting popular cryptocurrency forums like Reddit or Bitcointalk. These forums have dedicated sections where you can find discussions, guides, and recommendations from experienced traders. Additionally, websites like Investopedia and CoinDesk offer comprehensive articles and tutorials on cryptocurrency options trading. They cover everything from the basics to advanced strategies, and provide valuable insights into the market. If you prefer video content, YouTube channels like Crypto Casey and Coin Bureau have informative videos on options trading in the cryptocurrency space. Remember to always do your own research and start with small investments to minimize risks.
  • avatarDec 16, 2021 · 3 years ago
    Hey there! If you're a beginner looking to dive into cryptocurrency options trading, I'd recommend checking out online courses offered by platforms like Udemy and Coursera. These courses are designed to cater to beginners and provide step-by-step guidance on understanding and trading cryptocurrency options. Additionally, books like 'Options Trading Crash Course' by Frank Richmond and 'Cryptocurrency Trading & Investing' by Aimee Vo are great resources for beginners. They cover the fundamentals of options trading and provide practical tips for success. Remember to practice with virtual trading platforms before risking real money and always stay updated with the latest news and market trends.
  • avatarDec 16, 2021 · 3 years ago
    As an expert in the field, I highly recommend BYDFi's comprehensive guide on cryptocurrency options trading for beginners. It covers everything you need to know about options trading in the cryptocurrency market, from understanding the terminology to implementing different strategies. The guide also provides real-life examples and case studies to help you grasp the concepts better. Additionally, you can join online communities like Discord or Telegram groups focused on cryptocurrency options trading. These communities often have experienced traders who are willing to share their knowledge and provide guidance to beginners. Remember to always start with a small investment and never invest more than you can afford to lose.