I remember when I started crypto trading seven years ago, I didn’t know which books to read. The crypto market was still in its early days and the books available were limited.
From 2017 to now, many good books have been published.
In this article, I will share the best books on crypto trading.
I have read each of the books, and I’m certain it’s worth your time.
If you’re ready, let’s dive in
Top 10 Best Books On Crypto Trading
1. The Crypto Trader By Glen Goodman
Written by a former ITV reporter turned trader, the book focuses on giving you the right foundation in your crypto trading journey.
He talks about trading psychology and technical and fundamental analysis.
Goodman’s book gives you a step-by-step blueprint on how to be a profitable trader, even if you’re a beginner.
If you obey a few of his trading rules, you won’t blow up your account.
Key Lessons From The Book
Goodman shares his greatest advice for crypto traders, and they are:
Grow your profits
Cut your losses
Never defend a losing trade
As simple as the rules above, failure to obey them is the reason why most crypto traders lose money.
If you follow the three rules, you will tremendously increase your chances of winning as a trader.
2. Crypto For Beginners By Hudson Lee
It’s more of a general book written for people who are new to the crypto world.
The book focuses on cryptocurrency and blockchain technology.
The author aims to simplify the complexities associated with crypto investing and trading providing readers with the needed information to participate in the crypto space.
Key Lessons From The Book
Hudson’s best advice for traders is summarized below:
To succeed as a crypto trader, you have to stay informed and continuously educate yourself.
Understand the fundamentals of the cryptocurrencies you are trading, keep up with market news, and learn technical analysis to help identify trading opportunities.
Develop and adhere to a trading strategy. It could include setting clear entry and exit points,
using dollar-cost averaging to reduce the impact of market volatility, and being disciplined about taking profits and cutting losses.
3. Crypto Trading For The Ambitious Trader By Jelle Peters
Jelle Peters wrote the book as a practical guide aimed at novice traders who want to enter the world of crypto trading.
The book covers the essentials of trading, such as technical analysis and developing a trading plan.
It emphasizes emotional control, strategic planning and continuous learning.
The book also talks about paper trading which is rarely talked about in the crypto world.
Key Lessons From The Book
Jelle’s best advice for traders is summarized below:
According to him, protecting your capital is the most crucial aspect of being a crypto trader and investor.
It’s essential to develop the ability to spot and avoid crypto scams. In his book, Jelle provides insights on how to target your entry and exit points to maximize profits.
4. Crypto Technical Analysis By Alan John & Jon Law
It’s one of my recommended books for technical analysis books if you’re a crypto trader.
This book is specific to crypto traders and has content you won’t find in other general technical analysis books.
In this book, you will learn about hype analysis, which is a key metric in driving the price of a particular crypto project.
The book emphasizes a balanced approach to trading, combining technical analysis with fundamental insights.
The book has valuable information even if you’re a beginner or an experienced trader who’s having challenges being profitable.
Key Lessons From The Book
In this book, you will learn:
Master technical analysis using multi-timeframe analysis
Learn fundamental analysis to validate your trading opportunities
Adopting a lifestyle of continuous learning due to the dynamic nature of the crypto market
5. An Altcoin’s Trader’s Handbook By Nik Patel
It’s a comprehensive guide to trading altcoins; you will find a detailed blueprint into the technical and fundamental analysis of altcoins.
The book teaches traders to be patient and wait for the right opportunity to execute their trades because timing is everything.
The author gives you a roadmap to finding the next altcoin that would give you insane profits.
Altcoins have been known to give great profits especially when you get in at low prices.
The author revealed several case studies of successful trades using the concepts taught in the book.
Key Lessons From The Book
In this book, you will learn:
Keep your technical analysis simple; don’t complicate things
Always manage your risk, use stop loss to protect your capital and never invest more than you can lose.
Understanding market psychology is essential to being successful.
6. Cryptocurrency A Trader’s Handbook By Marvin Neuefeind
It’s the first book I read in my quest for crypto trading knowledge
The book offers a comprehensive guide to trading cryptocurrencies, targeting both beginners and experienced traders.
The book teaches you the right way to research altcoins using technical and fundamental analysis.
You would also learn about complex crypto words such as proof of work, proof of stake and consensus.
Key Lessons From The Book
In this book, you will learn:
Understand how the crypto ecosystem works and the technology that powers it called the blockchain.
Learn about chart patterns and risk management.
Interpret market sentiments and how to get the latest info and resources for your trading journey.
7. How To Day Trade For A Living By Andrew Aziz
It’s not really a crypto trading book, but it’s an important resource to have if you want to be a day trader.
Day trading is not easy, and for a volatile market like crypto, it’s even harder.
In the book author Andrew Aziz gives you the blueprint to become a profitable day trader.
In the book you would learn about day trading basics and different day trading strategies.
The author shares real-life examples and rules for day trading success.
Key Lessons From The Book
In this book, you will learn:
Day trading requires a combination of thorough preparation, disciplined execution, and continuous adaptation.
Effective use of trading tools, rigorous risk management, and maintaining emotional control are critical for consistent profitability in the highly volatile world of day trading.
8. New Trading For A Living By Alexander Elder
For me, this is the most interesting book on trading in general.
The author gives you a comprehensive guide to help improve your trading performance using technical analysis and trading psychology.
The book made me realize that trading is a war where your opponent is trying to take your money, and you’re also trying to do the same.
The book is fun to read and has many real-life examples of how to trade for a living.
Key Lessons From The Book
The book’s key lessons are summarized below:
Protecting your trading capital is everything. It’s not about skill in technical analysis but being able to take small losses until you enter into a profitable trade.
Controlling your emotions, such as fear and greed, is crucial for successful trading.
9. Technical Analysis Of Financial Markets By John Murphy
One of the most popular books on technical analysis
Literally every crypto trader I know has read this book and found it incredibly useful.
Author John Murphy gives you the tools to become a technical analyst.
The book gives a solid foundation for your trading journey.
You will learn about chart patterns and indicators.
Key Lessons From The Book
The book’s key lessons are summarized below:
Understanding the fundamental principles of technical analysis, including the belief that prices move in trends and that historical price patterns tend to repeat themselves.
Recognizing various chart patterns, such as head and shoulders, double tops and bottoms, triangles, and flags.
10. Crypto Millionaire Bible By James Deegen
This book is designed to guide readers on how to invest and trade cryptocurrencies.
You would learn how to prepare for bull markets and the strategies to make the most profits.
The book offers insight into strategies and tools needed to become a profitable crypto trader.
Key Lessons From The Book
Understand how cryptocurrencies work and how to trade them
Portfolio management techniques and how to manage your risk
Difference between day trading and swing trading.
