Understanding the Basics
In this chapter, you’re going to take a risk assessment questionnaire so that you can better understand yourself and be able to handle the emotions you’ll encounter when trading. Next, I’m going to share with you a candlestick story so that you’ll take your first steps in studying a chart on various timeframes. After that, I’m going to share with you how different market participants trade so that you can better understand the market environment and why suddenly one of them buys a token, even if all the indicators show it should be sold. Finally, you’ll learn about the three types of markets and what makes them different.
My goal for this chapter is for you to get to know your risk level and to find out more about the entities that trade alongside you.
Here are the topics we’re going to talk about:
- A trader’s psychology
- Understanding risks
- Cryptocurrencies as an asset class
- A candlestick story
- Timeframes
- Market participants
- Types of markets
