How to Rise Above the Competition

It has already been thirteen whole years since Bitcoin was first introduced into our lives. It may not have been the first cryptocurrency to ever be conceived but it was the one that made the world notice. Ever since that day in 2009, cryptocurrency has been an ever expanding web of opinions, misinformation, misconceptions and ulterior motives. Finding your way out of this labyrinth is no small task. How does one even decide where to learn crypto trading? In the infinity of the internet how do you know who is trustworthy and actually knows what they are talking about?
There is no shortcut to acquiring reliable knowledge, simple as that. And knowledge is wasted without practice. All the theory in the world won’t help when it’s not implemented into your strategies. Knowledge and practice are two sides of the same coin, neither one of them can provide results without the other. The only way forward is through careful research, information filtering, and experimentation.

So, after scouring every nook and cranny of the internet, here is our answer to the question ‘Where to learn crypto trading?

What if I told you there is a unique platform which combines educational content, social aspects and a safe space to start trading? Enter, NAGAX.

NAGAX is a popular platform that offers a secure space for you to store and exchange over a hundred different assets. All these options are available to you in a powerful crypto wallet with affordable fees. Here, you will also find an abundance of free, top-tier educational resources that are guaranteed to help you ‘up your game’. However, what truly makes this platform one of a kind, is its integration of social trading into crypto exchanges. Social trading allows novice traders to take note of how more experienced traders operate and implement their strategies to their own exchanges. Social trading is a very useful technique for beginner traders, as it encourages good habits based on the strategies of those who have already tasted success in crypto trading. It serves as a kind of blueprint, upon which one can build solid foundations. However, it is critical not to rely solely on copy trading. It may yield positive results quickly, but it can dull a trader’s instincts for crypto in the long run, therefore the function should be used with caution. In NAGAX, you can learn and hone your abilities in the most efficient way possible as well as accelerate your rise in the world of crypto trading knowledge.

There are probably no platforms that provide more information or a wider range of topics than good old YouTube. Of course, a topic as popular as crypto trading would obviously be a part of that. What is great about YouTube is the freedom that it provides to independent creators all over the world, who are given a platform to speak their mind to anyone. Such freedom does not come without some downsides, though. Whilst there is a plethora of channels discussing crypto trading, only a handful of them are actually worth your time.

‘Where to learn crypto trading?’ Trying to answer that question when it comes to YouTube channels is not dissimilar to looking for a needle in a haystack. One would have to go through dozens upon dozens of uneducated or biased (if not outright malicious) videos, before actually finding a proper source of information.

Instead of putting yourself through that ordeal, why not consider our favorite picks of the bunch?

After thorough research and careful consideration, some knowledgeable content creators are Coin Bureau and Andreas Antonopoulos. Both have become household names in the world of cryptocurrency and are names that probably ring a bell to most. Which is totally justified, as they both provide highly educational content in easy to understand ways. Not to mention, they have published huge amounts of quality content, so it doesn’t matter what your question may be. They have already answered it. Crypto trading is a fierce competition and if you’re going to ‘survive’, you’re going to need every tool you can get your hands on. These channels cover everything from the basics to more nuanced concepts that will give you the edge over the rest of the trading world.

Does the idea of not only learning, but actually being rewarded for it sound appealing? Then, look no further than Coinbase Earn. When trying to figure out where to learn crypto trading, Coinbase Earn is always an attractive choice, because of its unique reward system. Simply put, you watch educational videos on the crypto of your choice, you fill out a test and earn an amount of crypto for yourself. If it sounds like a sweet deal, that’s because it is.

On a more serious note though, what is especially great about this system is that it incentivises a more hands-on experience because of the quizzes provided by the platform. The results of your tests serve as a more tangible measure of how much of the stuff you watched, you actually comprehended. Understanding the ins and outs of cryptocurrency is an ongoing procedure, but these sorts of tests can assist you in properly monitoring your progress. What is even more crucial in Coinbase Earn’s crypto returns, is the fact it allows novice traders to test the waters, without having to risk their hard earned money.

Many beginner traders are initially hesitant to engage in crypto trading, because they’re concerned about the risks involved. That attitude is not necessarily a bad one to have, but it can certainly cause an aspiring trader’s growth to stagnate. Understanding crypto trading from a theoretical standpoint is ever so important, make no mistake, but the truth is that there is no substitute for the real thing. A trader needs to ‘get their hands dirty’ to truly grasp the pulse of the market.

Well, in this case you can practice crypto trading, learn about it and risk nothing. Win - win - win!

Learn Crypto from the Best

One of, if not the most crucial factor about an information source, is its reliability. The internet is quite literally an endless stream of information, which only makes it harder to distinguish what is worth your time and what is not. Our next suggestion is a particularly hard one to make a case against.

‘Blockchain and Money’ is an online course accessible to anyone on ‘MIT Opencourseware’. MIT has been a pillar of excellence and education for over a hundred and fifty years. So, the opportunity to learn from one of its courses regarding cryptocurrency at your own leisure, should be a no brainer.

‘Blockchain and Money’ features twenty-four lecture videos, taught by professor Gary Gensler in a rather approachable manner. You won’t need a degree in economics to be able to follow the lecture. It was actually taught in MIT in the fall of 2018, which means it is still up to date with what is going on in the world of crypto trading.

The ‘Blockchain and Money’ free, online lecture comes complete with PDF lecture slides, if you’re more of a reading person. It also features a very extensive ‘recommended readings’ section for each part of the lecture, which greatly enhances your understanding of the topic. Not to mention, this helps us answer our question of ‘where to learn crypto trading’ even more. After all, who could be better at picking out what is quality material amidst an ocean of unfiltered information, than an MIT professor?

Each topic of the lecture is divided into clear, straight to the point questions. Trying to answer them is great practice for those aspiring to learn as much as possible and is also an excellent way to accurately tell how well you have actually understood the subjects at hand.

Opportunities like this, should not be missed by anyone hoping to learn the ins and outs of the cryptocurrency industry from the best sources available.

Crypto trading may be the epitome of a modern study subject, but who says you can’t mix modern and traditional? Books have been written about every topic under the sun and a subject as sought out as crypto trading, could not be omitted. So naturally, books can just as well be the answer to the question ‘where to learn crypto trading’.

First up, we have ‘Trading in the Zone: Master the Market with Confidence, Discipline and a Winning Attitude’ by Mark Douglas. This book is highly acclaimed by readers and critics alike and for good reason. It touches on the psychological aspects of trading, instead of focusing on a technical analysis. There are various sources for a novice trader to reliably learn about the technical basics of crypto trading. But not as many expand upon the influence human psychology has to crypto trading. We are not machines and neither is the market. The market is comprised of individuals as a part of the general public. Those struggling to turn a profit from their ventures in cryptocurrency. Hence, it is very much affected by the mental state of people. When it comes to crypto trading, understanding how the human mind works is equally vital and Douglas makes you realize exactly that.

Back on the technical aspects of cryptocurrency, ‘Mastering Bitcoin: Unlocking Digital Cryptocurrencies’ by Andreas Antonopoulos is a must - read. While it may not be very beginner friendly all the way through, it is essential for any aspiring trader to go through it at least once. Antonopoulos is truly a master of explaining everything down to the very last detail in a comprehensive way that will most definitely keep you invested. Once you have a good understanding of the basics of crypto trading, we suggest you read this book. You’ll be surprised at how much it will make you reconsider the things you thought you knew. It may sound discouraging to suggest you should read through a heap of information, only to have a single book subvert your understanding of it, but that’s intentional. After this procedure you will only be all better for it, because it help emphasize a very important lesson:

You will never know everything and complacency is punished.

All the valuable lessons you have learned are useless if you don’t apply them to your methods. The best way to make this knowledge a part of you is through practicing crypto trading. The best thing you can do is to trust yourself and go buy, sell and trade crypto. As we already established, you will never know literally everything and mistakes are part of your growth, so don’t hesitate to put your knowledge to the test! Even if you reach a level where you are satisfied with your knowledge, you should never stop asking the question you are trying to answer now: Where to learn crypto trading?

Buy, Sell & Trade Crypto Effectively

At the risk of starting to sound like a broken record, we’d like to reiterate the importance of applying your gained knowledge to active trading. The best way is by continuously doing your own research. You will also find it much easier to pinpoint your mistakes and weaknesses and nip them in the bud. Traders who dive headfirst into crypto trading without proper knowledge, tend to develop harmful habits that get progressively harder to shake off. After all, you can’t fix something, unless you know it’s broken. Even the most minute details may prove catastrophic and snowball into huge losses and may deter once hopeful traders from realising their dreams.

Anticipating market flow, reading graphics of market trends, taking advantage of pair trading opportunities. All of these vital skills can only be acquired through studying all of the resources cited above, as well as practicing on trade exchange platforms.

Where to Learn Crypto Trading?

This is a question without a single, definitive answer. It is a question you should keep revisiting frequently along your crypto trading journey. Cryptocurrency is a rapidly evolving industry, therefore knowledge you have acquired in the past may become obsolete after a while. To be successful as a trader, you should always keep up with current events in the market, while also remaining as impartial as possible. It is definitely a thin line to walk, but it is manageable for one with the necessary knowledge and a composed psyche.

Also, remember to take everything you read with a grain of salt, as no source will ever be a hundred percent unbiased. Even if the information a source provides isn’t driven by the financial gains of those behind it, people are people. Our thoughts and actions will always be affected by our emotions to a certain degree. Our goal when asking ‘where to learn crypto trading’ is to gain the necessary tools to minimize sentimental influence over our crypto trading decisions.

Risk Warning: Cryptocurrencies are highly volatile and trading can result in the loss of your invested funds. Before investing you should be aware that cryptocurrencies may not be suitable for all investors. You should therefore carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and not invest money that you cannot afford to lose.