Cryptocurrency Trading 101 Download The FREE eBook

And now let’s delve into the most popular trend indicators. Unlike Triangle, both trend lines of the Wedge pattern are directed horizontally either up or down. Wedge is more elongated in the direction of movement, either up or down, and the Triangle is stretched wide. As for Pennant, it has a flagpole on which consolidation takes place. If you add a flagpole to Wedge pattern, it will turn into Pennant pattern. We should confirm the genuineness of this pattern with the trade volume, which should increase during a break.

Learn to trade and develop your skills with Eurotrader Academy. We’ve got plenty for you to watch and read so you can master the markets and make better-informed trading decisions. This material comprises personal opinions and ideas.

Advanced Forex Trading

You must learn how psychology will influence the trading process and how to master it so that you can improve the outcome of each trade. New traders should make this their first and most extensive lesson. After that, you can start to focus on other aspects of successful Forex trading. Without fully understanding the psychology of trading, any strategy will result in long-term trading losses.

Or the difference between ICC Wave and ICC Wave 2.0? You can find answers to all these questions in this eBook, which is suitable for both beginners and advanced traders. Also, you get some fancy bonus chapters to help you with trading. Second, you can view and analyze a specific sequence of actions that led to a right or wrong decision.

An Introduction to Cryptocurrency

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Choose from a variety of topics in our free eBooks, which cater to both beginners and advanced traders. These education resources offer in-depth explanations, step-by-step guidance and quizzes to test your newly found knowledge. The key to making money in Cryptocurrencies is understanding how to read a technical chart the correct way. If you are starting to get curious about algorithmic trading and feel the need of automatise your strategy or the simple buy/sell orders, then look no further, this is the read for you. The exchange of cryptocurrencies for currencies and vice versa is done directly between users.

We stay at the current cryptocurrency trading ebook free level, marked in green. There is an upward reversal on the chart, determined by the head and shoulders pattern, but we decide to wait for confirmation of the upward trend at a level we indicate as stop price. If market price hits our stop price, our forecast will be confirmed and our order will be activated. At the same time, we realize that the price can rebound from the indicated stop price and go in the opposite direction. After all, the market price can cross or rebound from the price we set. If the market price hits the stop price, the order is activated, and we buy cryptocurrency within the corridor limited by stop price and limit price.

This guide has been tailor-made to help you uncover the secrets of cryptocurrency trading and help you start building the perfect portfolio. These books are brought to you by Inflow-Crypto Club, which is dedicated to helping beginners with smart crypto investing since 2016. In these books, everyone can find something interesting for themselves, from complete beginners to people looking for passive income opportunities and profit from day trading. Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a degree of risk to your capital. Please ensure that you fully understand the risks involved, taking into account your investment objectives and level of experience before trading, and if necessary, seek independent advice. Here is an example of a combined application of Fibonacci tools and moving averages.

Introducing Ethereum and Solidity: Foundations of Cryptocurrency and Blockchain Programming for Beginners

For example, your symmetrical triangle breaches the upper trendline, making you buy coins, but then the spring went back into a triangle, formed a peak and started to fall rapidly. The upper zone of the triangle was adjusted, so what you called a breach was false breakout. The thing is we do not have a clear level a price may cross; we have a spring, the higher and lower points of which may be adjusted. Therefore, in our example, the price reversed and ran down to the height of the triangle. If you do not close the position on time, you lose money.

The most popular types are Japanese candlesticks and bars. The larger volume confirms a particular trend, the more chances to hit the target it has. I hope you remember that we have already discussed this indicator in the sections on patterns since I always pay attention to volume when analyzing each pattern. If there is a sharp spike in price but the volume remains small, we deal with a false signal. Like it or not, Bitcoin remains to be a dominant coin.

Articles For Navigating The New Crypto Trading Tools. Welcome to Cryptocurrency Trading!

I want to note that you do not need to remember the names of all these https://www.beaxy.com/s. The main thing is to try to understand where the trend may reverse. To do this, monitor the update of price highs and lows. After all, as soon as the lows and highs are not changing, a pattern starts to appear on the chart. Triple Top The difference in this pattern from the Double Top is that it has three peaks, not two. It also very much resembles the Head and Shoulders pattern but unlike the HaS, all three its price peaks are on the same level.

• Afterward, open the verification email and click on the link.
• Never rush the process, as you cannot acquire knowledge with money but by trading in a live trading account over an extended period.
• This can include a more complex analytical approach, hedging your positions, using multiple entry and exit points, and cross-asset diversification.
• From the point of view of technical analysis, it’s a usual break of a trading range, the strength of which depends on the duration of consolidation.

Wrong choice of traded coin or cryptocurrency exchange. Many traders do not bother to pay enough attention to finding good coins and good exchange. For example, some traders work on exchanges with very high fees, without thinking it will be more efficient to register on one of the top exchanges. Moreover, working on a little-known stock exchange, you risk joining the ranks of non-achievers who lose all their money because of the fraudulent tricks of the exchange developers. Examine all the nuances of your stock exchange before you deposit money into your trading account.

Successful cryptocurrency trading is impossible without the use of tools that estimate the behavior of the market. First, the cryptocurrency market has its regularities you should not ignore. Second, cryptocurrencies are very unstable, making intuitive forecasting more complicated. Technical analysis in cryptocurrency trading allows forecasting price fluctuations more successfully. So, if the fundamental analysis is about a coin value, technical analysis is about price. There are two ways to analyze the market, fundamental analysis, and technical analysis.

We hope that these more than 20 books in PDF format will be of great use to our community. That is why we bring you this collection of cryptocurrency books in PDF format, which offers you all the information related to this topic. Do you finally want to set up your cryptocurrency mining business and don’t know how to start … Do you want to know exactly what cryptoccurencies are?

In such a situation it is possible that these orders will manage to stop the market from falling ETC and give it a boost. Always try to analyze the market depth carefully, so you can understand how far the price can go down or up. But do not forget there are both active and passive orders. No one can guarantee that a big player you follow will not cancel his order. After all, many large orders are placed only to scare less experienced players. You should also understand that it is important not to be greedy in this strategy.

Understanding risk and reward in Forex trading will allow you to assess which positions to take, how to identify profitable entry opportunities, and how to manage your stop loss orders. Even if you can only improve your trade management by a few pips per trade, it adds up to a significant performance boost. Make sure to understand the importance of risk and reward in Forex trading, where our list of recommended Forex ebooks will assist you. Before you can trade the Forex market and earn consistent income from it, you must learn and understand how it functions and what makes it tick, 24 hours per day, Monday through Friday. It is a fast-moving market, impacted by a range of different events. Unless traders invest their time into learning the core elements and gain an insight into Forex trading, they will always remain less informed.

Convergence is approximation between price chart and oscillator, implying manifestation of the same signs. Convergence is the process which is opposite to divergence. Afterward, open the verification email and click on the link. Now you can log into Binance account using your email and password. I recommend that you also enable two-factor authentication.