Here’s a suggested daily routine to help you learn trading in digital currency markets while maintaining your current job:
15:30 – 16:00: Decompress from work and have a quick snack
16:00 – 17:00: Study trading fundamentals and cryptocurrency basics
- Read books, articles, and watch educational videos on trading and cryptocurrencies
- Focus on understanding market dynamics, technical analysis, and risk management
17:00 – 18:00: Market analysis and research
- Review current market trends, news, and events affecting cryptocurrencies
- Analyze charts and practice identifying patterns
18:00 – 19:00: Paper trading or demo account practice
- Apply what you’ve learned in a risk-free environment
- Test strategies and track your hypothetical performance
19:00 – 19:30: Break for dinner
19:30 – 20:30: Review and journaling
- Analyze your paper trades or demo account performance
- Document lessons learned, mistakes made, and areas for improvement
20:30 – 21:30: Network and community engagement
- Participate in trading forums, join crypto communities
- Attend webinars or online meetups to learn from experienced traders
21:30 – 22:00: Plan for the next day
- Set goals for learning and practice
- Prepare a watchlist of potential trades or cryptocurrencies to monitor
22:00 – 22:30: Wind down and relax
Remember to:
- Be consistent with your routine
- Start with small investments when you begin real trading
- Continuously educate yourself on market trends and new developments
- Practice proper risk management
- Be patient – becoming proficient in trading takes time and dedication
Adjust this schedule as needed to fit your personal life and energy levels. As you progress, gradually increase the time spent on actual trading while maintaining a balance with continuous learning and analysis.
resources for “Study trading fundamentals and cryptocurrency basics Read books, articles, and watch educational videos on trading and cryptocurrencies Focus on understanding market dynamics, technical analysis, and risk management”
Here are some resources to help you study trading fundamentals and cryptocurrency basics:
Books:
- “Trading in the Zone” by Mark Douglas
- “Technical Analysis of the Financial Markets” by John J. Murphy
- “The Crypto Trader” by Glen Goodman
- “Mastering Bitcoin” by Andreas M. Antonopoulos
- “Cryptocurrency: How to Make a Lot of Money Investing and Trading in Cryptocurrency” by Andrew Johnson
Online Courses:
- Coursera – “Bitcoin and Cryptocurrency Technologies” by Princeton University
- Udemy – “Cryptocurrency Trading Course 2023: Profit from Trading Crypto”
- edX – “Blockchain Fundamentals” by Berkeley
Websites and Articles:
- Investopedia – for basic trading and cryptocurrency terms
- CoinDesk – for cryptocurrency news and education
- TradingView – for chart analysis and community insights
- CryptoCompare – for market data and analysis
YouTube Channels:
- DataDash – for cryptocurrency market analysis
- Coin Bureau – for in-depth cryptocurrency research
- The Chart Guys – for technical analysis in crypto markets
- Rayner Teo – for general trading education
Podcasts:
- “Unchained” by Laura Shin
- “What Bitcoin Did” by Peter McCormack
- “The Pomp Podcast” by Anthony Pompliano
Forums and Communities:
- Reddit – r/CryptoCurrency, r/BitcoinMarkets
- TradingView’s community forums
- Bitcointalk.org
Remember to always cross-reference information from multiple sources and be wary of potential scams or misinformation in the cryptocurrency space. Start with the basics and gradually move to more advanced topics as you build your knowledge base.