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How do I get started with crypto trading?
What are the risks associated with crypto trading?
What strategies should beginners use for trading cryptocurrencies?
What are some common mistakes beginners make in crypto trading?
If You Are Looking For the Answers to the Questions Above
Get This Book Now!!!
Crypto Trading for Beginners is a comprehensive and easy-to-understand guide that serves as the perfect introduction to the world of cryptocurrency trading. This book is specifically tailored for individuals who are new to the concept of digital assets and are looking to learn how to navigate the exciting and ever-evolving crypto market.
Starting with the basics, readers will gain a solid understanding of key concepts such as blockchain technology, cryptocurrencies, and the role of exchanges in trading. The book then delves into practical aspects of trading, including how to choose a reliable exchange platform, set up a secure digital wallet, and execute trades effectively.
One of the standout features of this book is its focus on trading strategies and risk management. Readers will learn essential techniques for analyzing market trends, interpreting price charts, and making informed trading decisions. The book also covers important topics such as managing emotions while trading, setting realistic goals, and avoiding common pitfalls that beginners often encounter.
Key feature:
Gain a solid understanding of blockchain technology and cryptocurrenciesUnderstand the role of market volatility and how to navigate it effectivelyLearn how to choose a reliable exchange platform and set up a secure digital walletDiscover practical trading strategies and risk management techniquesLearn how to manage emotions while trading and set realistic goalsAvoid common pitfalls that beginners often encounter
With a combination of clear explanations, real-world examples, and actionable tips, “Crypto Trading for Beginners” is an invaluable resource for anyone looking to embark on their crypto trading journey with confidence and knowledge. By the end of this book, readers will have the foundation they need to start trading cryptocurrencies strategically and responsibly.
From the Publisher
Investing in Cryptocurrency: Some Safeguards to Consider
Education and Research
Get familiar with the essential ideas behind block-chain technology, such as its decentralized nature, the methods that facilitate consensus, and the cryptographic security characteristics that it possesses.
Having an Understanding of Cryptocurrency
Explore the particulars of a number of different cryptocurrencies, such as Bitcoin, Ethereum, and other alternative cryptocurrencies, in greater depth. The underlying technologies, distinctive qualities, and prospective applications of their product should be investigated
Assessment of the Risk
Take into consideration the dangers that are connected with investing in cryptocurrencies, such as the volatility of the market, the unpredictability of regulatory policies, and the vulnerabilities of the technology. Before you make any decisions, you should think about your level of comfort with risk and your investment goals.
Diversify the investments you have
In order to create a diverse investment portfolio, you should distribute your funds among a variety of cryptocurrencies.
These cryptocurrencies should include well-known coins such as Bitcoin and Ethereum, as well as promising alternative cryptocurrencies that provide distinctive value propositions.
Applications and Use Cases of Block-chain Technology
Blockchain was initially developed as a means of ensuring the integrity of digital information by utilizing technology that is resistant to tampering.
In the time that has passed since the introduction of the data management protocol into the mainstream alongside the introduction of Bitcoin, it has extended beyond the realm of DeFi and into its many businesses across a wide range of applications.
Different types of block-chain
In tandem with the development of block-chain technology, additional variants have emerged. In this part, a quick introduction is given to four distinct models that have developed as a result of demand.
Public block-chains are networks that do not require additional permissions and are regarded as “fully decentralized.” The distributed ledger, which is independent of any one company or person, allows users to maintain their anonymity. It is possible for a user to take part in the network as long as they are able to give evidence of their effort.
Permissioned networks are considered to be private block-chains. For the purpose of achieving a higher level of control or privacy over a network, private block-chains are managed by a single operator who is responsible for determining who is permitted to access the network and whether or not members are able to view, verify, or generate data on the block-chain.
The addition of restricted access to an encrypted record-keeping ledger is appealing to certain businesses that work with sensitive information, such as large corporations or government agencies.
BLOCKCHAIN TECHNOLOGY
Banks
The use of block-chain technology makes it simpler for financial institutions to exchange currencies, obtain loans, and process payments.
This piece of technology functions as a single-layer source of truth that is intended to monitor each and every transaction that its users have ever carried out. Because of this immutability, fraud in the banking industry is prevented, which results in faster settlement times.
Additionally, it serves as an integrated monitor for money laundering. Banks also gain from international transactions that are completed more quickly and at lower prices, as well as from high-security data encryption.
The logistics
Block-chain technology serves as a track-and-trace tool in the logistics industry, allowing for the tracking of the movement of items along the supply chain. The open-source system provides users with the ability to monitor their shipments in real time, from the point of manufacture to the point of delivery.
These realizations assist in the compilation of data, the determination of speedier routes, the elimination of unneeded middlemen, and even the defense against interference from cyberattacks.
NFTs
The fact that each non-fungible token (NFT) is encrypted with block-chain technology, which maintains a live running record of ownership over the piece, is the reason why copying these digital assets is not as simple as taking a quick screenshot. Transactions are governed by smart contracts, which ensure that ownership is assigned and reassigned and that royalties are distributed to artists as items are transferred from one wallet to another.
ASIN : B0CWVGWZ8H
Accessibility : Learn more
Publication date : April 10, 2024
Language : English
File size : 2.0 MB
Screen Reader : Supported
Enhanced typesetting : Enabled
X-Ray : Not Enabled
Word Wise : Not Enabled
Print length : 77 pages
Page Flip : Enabled
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