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What are the best resources to learn about trading crypto for beginners?

avatarGurnoor SinghDec 20, 2021 · 3 years ago2 answers

Can you recommend some reliable resources for beginners to learn about trading cryptocurrencies? I'm looking for resources that are easy to understand and cover the basics of crypto trading. It would be great if they also provide practical tips and strategies for beginners. Thank you!

What are the best resources to learn about trading crypto for beginners?

2 answers

  • avatarDec 20, 2021 · 3 years ago
    Sure thing! Here are some resources that can help beginners learn about trading cryptocurrencies: 1. Blogs and websites: Websites like CoinDesk, CoinMarketCap, and CoinTelegraph provide valuable insights, news, and analysis on the crypto market. They cover topics ranging from basic trading concepts to advanced strategies. 2. Books: There are several books available that cater to beginners in crypto trading. Some popular ones include "Cryptocurrency: How Bitcoin and Digital Money are Challenging the Global Economic Order" by Paul Vigna and Michael J. Casey, and "Mastering Bitcoin" by Andreas M. Antonopoulos. 3. Social media influencers: Following reputable crypto influencers on platforms like Twitter and LinkedIn can provide valuable insights and trading tips. Some popular influencers include Anthony Pompliano, CZ (Changpeng Zhao), and Vitalik Buterin. 4. Trading simulators: Using trading simulators like Investopedia's Stock Simulator or TradingView's paper trading feature can help beginners practice trading without risking real money. It's a great way to gain hands-on experience and test different strategies. Remember, it's important to do your own research and exercise caution when trading cryptocurrencies. Start with small investments and gradually increase your exposure as you gain more knowledge and experience. Good luck on your crypto trading journey!
  • avatarDec 20, 2021 · 3 years ago
    Absolutely! Here are some resources that can help beginners get started with crypto trading: 1. Online tutorials: Websites like CoinBase and Binance Academy offer user-friendly tutorials that cover the basics of crypto trading. They explain concepts such as wallets, exchanges, and trading strategies in a beginner-friendly manner. 2. Cryptocurrency podcasts: Listening to podcasts like "Unchained" and "The Bad Crypto Podcast" can be a great way to learn about crypto trading while on the go. These podcasts feature interviews with industry experts and cover a wide range of crypto-related topics. 3. BYDFi: BYDFi is a popular cryptocurrency exchange that offers educational resources for beginners. They provide tutorials, articles, and webinars on various aspects of crypto trading. Their platform also allows users to practice trading with virtual funds. 4. Online communities: Joining online communities like Stack Overflow and Reddit's r/CryptoMarkets can provide valuable insights and answers to your trading-related questions. These communities are filled with experienced traders who are willing to share their knowledge and help beginners. Remember, learning about crypto trading takes time and practice. Start with small investments, stay updated with the latest news, and never invest more than you can afford to lose. Happy trading!