Learning How to Trade: Top 5 Resources 

Learning How to Trade: Top 5 Resources 

The internet is full of information that can help you become good at trading crypto, but it is often very confusing. Newly minted traders often feel overwhelmed when trying to learn various concepts and terms. Because Japan is one of the key countries in the crypto world, some vocabulary is Japanese, which adds to the confusion. Having experienced all of the above when learning the ropes, we would like to take you through the five exceptional resources that can be incredibly helpful in learning how to trade cryptocurrency


There is a reason why “baby” is a part of this website’s name. Ask any successful trader, he or she has started their learning path by taking first baby steps here. Babypips offers a free online course that helps beginners learn how to trade Forex. If you have no idea where to begin, this course is exactly what you need. It is a good idea to go through the entire course before you start trading cryptocurrency. Don’t worry about the market at this point, as you will have plenty of time to invest in personal development going forward.


There is no single source that helps new traders learn how to buy and sell foreign currencies, key to learning how to trade cryptocurrency. All the strategies used in crypto are mostly from Forex trading, especially the day-trading strategies. After all, crypto is still a very new asset class with little trade history available. In addition, the market is very volatile. A market or a strategy can only be considered proven when it works over a long term. Forex has been around for a long time, so many traders apply the strategies and techniques to trade Forex in the cryptocurrency markets. Therefore, mastering Forex trading and then applying the newly acquired skills in the cryptocurrency markets is the second best option. It is also an excellent alternative to trading cryptocurrency. Forex markets are less volatile, and move in slow motion compared to the cryptocurrency markets.


A myriad of books have been written about ​​trading over the last few decades. Content and prices vary. You can buy a great book for as cheap as $20, or you can spend a lot more on a beautifully made volume. Below are several books worth considering.

How to Make Money in Stocks by William O’Neil

This book authored by William O’Neil describes the ins and outs of his CANSLIM system. It contains information combined with fundamental and technical analysis, and is a great guide for new investors.

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Market Wizards by Jack Schwager

Although not directly related to learning about fundamental or technical analysis, this is an extremely valuable resource for learning to succeed in the market. The author interviewed dozens of top traders across the financial markets who were successful in the 1980s. The collection of interviews gives the reader an excellent insider view into the minds of great traders, as they share their experience and expertise, and give tips to newbies.

Japanese Candlestick Charting Techniques by Steve Nison

Candlestick charts (those red and greed candles) are the bread and butter of any experienced trader in the cryptocurrency and Forex markets. Nison is one of the reasons that candlestick charts are well-known in the West. (The other reason is that they are effective.) This book contains an explanation of the subject and virtually all candlestick patterns that are used (think of the bullflag).

Encyclopedia of Chart Patterns by Thomas Bulkowski

Bulkowski’s Encyclopedia of Chart Patterns is a great reference book to have around wherever you trade. This encyclopedia contains an overview of practically all chart patterns that are recognized as important technical signals. Chart patterns are patterns that are often repeated and give the investor an insight into what the markets can do. Thomas Bulkowski’s book contains patterns, which can help one earn back the price of the book in a single trade.

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Technical Analysis of the Financial Markets by John J. Murphy

This in-depth manual contains technical analysis, as well as the basic principles and concepts underlying it, and describes how these principles can be successfully applied in trading. Murphy explains inter-market relationships, stock rotation, and candlestick charting, along with other concepts, and helps to understand the art and science of reading charts and technical indicators to be able to make clever trading decisions.

We hope that the resources we have discussed in this piece can serve you well and allow you to develop your ​​trading skills. However, it is important to understand that besides learning how to actually trade, which patterns to apply, and how to read patterns, there are other qualities that distinguish a good trader from a bad one. One of these qualities – and perhaps the most important one in addition to the basic knowledge and principles – is psychology. When it comes to trading, the trader’s mind can be his or her biggest ally, or worst foe.  

Text by Contributor @CryptoCountant