Post
Topic
Board Trading Discussion
Re: Education for trading crypto currencies
by
phreakk
on 29/11/2017, 13:05:20 UTC
1.  Does the same TA for stocks apply for crypto trading?

No. Although some claim that Technical Analysis can help you make reasonably accurate predictions about the future price movements of a cryptocurrency, I don't believe in it. The cryptocurrency market can be traded upon by luck, listening to what your feelings tell you and researching the coin & its community.

2.  Can you recommend me a few best books for TA crypto trading, the bootcamp I took was 5 years ago, so I have forgotten a lot of what I learnt.

I don't know of any and if there are any, I recommend you not to waste your money on them. It's not going to yield you anything useful. It will take a lot of effort to learn it correctly, cost money to buy the book, takes a lot of time and will probably not yield you much more than just trading cryptocurrencies the way they are meant to be traded: By research and redoing.

3.   Can you recommend me some websites related to crypto currency trading? I would like to follow other people signals and analyze them.

There are some reasonable traders at steemit.com . I recommend you to follow the ones you think are pretty decent.
I don't follow any, but I just recommend checking out some tags like crypto, cryptocurrency, trading, bitcoin and more to find some good analysers.
As I said earlier, I don't do these kinds of things and I can't guarantee you any profits.

4. Is there an exchange with demo accounts to try first?

Not that I know of, but I tried "imaginary" trading a while ago. What is that? It's easy:

You create a google document.
You give yourself a certain balance and put that somewhere in the doc.
Then you start imaginary trading. Find a good exchange to buy/sell your cryptos on.

Note down the details of each trade, at both the selling and buying: Price/Coin, Amount of Coins bought/sold, Total Price, time and anything else you think is worth it to add.

I did it too and I figured out: Trading is not my thing.