Best Crypto Trading Course for Beginners

Jul 19, 2024

Best Crypto Trading Course for Beginners

Introduction

  • Goal: Provide a free cryptocurrency trading course better than paid courses.
  • Audience: Complete beginners, aiming to take them to an advanced or at least intermediate level.

Course Breakdown

  1. Crypto Basics
  2. Charting
  3. Indicators
  4. Trading Systems
  5. Favorite Trading Strategies
  6. Trading Psychology

Video 1: Crypto Basics

Choosing the Right Broker

  1. Low Fees: Minimize trading costs.
  2. Variety of Tradable Assets: Ensure diverse trading options.
  3. Established Reputation: Large number of customers, well-established.
  4. Customer Service: Preferably live chat support.
  5. User-Friendly Interface: Easy and intuitive to use.
  • Example Broker: KuCoin
    • Benefits: Low fees, wide variety of assets, live chat support, user-friendly, offers passive income options.

Basics of Trading View

  • Charting Tool: TradingView
  • How to Use: Web version and app available for different devices.
  • X and Y Axis: Price (Y-axis) and Time (X-axis).
  • Candlesticks: Represent specific time periods (e.g., daily chart)
    • Candlestick Components: Low, High, Open, Close
    • Types of Candles: Bullish/Green and Bearish/Red

Time Frame Analysis

  • Daily Candlestick: Represents one day.
  • Four Hour Candlestick: Each represents four hours; six of these make up a day.

Candlestick Patterns

  • Bullish Engulfing Candle: Large green candle engulfing the previous red candle indicates upward movement.
  • Bearish Engulfing Candle: Large red candle engulfing the previous green candle indicates downward movement.
  • Pin Bars: Body with a long wick indicates potential direction changes.

Buyers vs. Sellers

  • Constant Battle: Each trade requires a buyer and a seller; this creates market movements.

Cryptocurrency Pairs

  • Base and Quote Currency: e.g., BTC/USD, ETH/BTC
  • Trading Pairs: Always trade one asset for another.

Order Types

  1. Market Order: Immediate entry at current price.
  2. Take Profit: Pre-set level to sell and take a profit when reached.
  3. Stop Loss: Pre-set level to exit a losing trade to minimize losses.
  4. Trailing Stop Loss: Adjust stop loss as the price moves to lock in profits.
  5. Stop Orders: Entry orders at a pre-defined level (buy stop and sell stop).
  6. Limit Orders: Pre-defined levels where trades are executed once reached.

Best Assets to Trade

  • Focus: High liquidity and high market cap assets.
  • Recommendation: Top 10 or 25 cryptocurrencies, primarily Bitcoin and Ethereum.

Next Video Preview

  • Charting: Support/Resistance, Trend Lines, and Chart Patterns.
  • Secret Chart Patterns: Not commonly known but critical for predicting market movements.

Call to Action

  • Follow on Instagram: @blueedgecrypto for a free report on passive income opportunities.
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