These books have been recommended by the best and most successful traders around. Number 4 is the one I found to be most helpful when I wanted to learn everything about #DeFi
They said: "If you want to go fast, go alone. But if you want to go far, go with others." This is the way, if you want to be profitable in crypto. The experiences and knowledge you will gain from these books might just be the catalyst to changing your crypto career!
Without wasting much time, here are the books, and why you should read them:
1: The Internet of Money
Written by Andreas M. Antonopoulos, this book will teach you exactly why we are here. Why we believe in blockchain technology and the crypto industry.
Many out there still think crypto is being used to pay for drugs and for money laundering. And in the face of no regulatory clarity, fake news is being spread everywhere.
Learn what money is, why Bitcoin and crypto are the future, and strengthen your belief and conviction in this industry that you so love.
2: The Infinite Machine
Did you know that Ethereum Classic came out of Ethereum? Did you also know that there was a time when it seemed like Ethereum was dead and buried?
This book tells the history of Ethereum and how it came to be the number one chain in the world today. How it survived a DAO hack, and the many transitions that got the supercomputer, Ethereum, to where we have it today.
A book like this will strengthen your conviction that the price of the coin of a chain can surge 50–100x, no matter the FUD around it.
3: Fooled by Randomness
You read stories of how someone made $1.97 with $300 from PEPE, (find the post where I wrote about it) and you begin to wonder: "God, when me?"
The truth of the matter is that some people just become fortunate. Some things just happen randomly. But you will never be able to benefit from these random events if you don't take action.
This is exactly what the book, Fooled by Randomness, is talking about. You should read it.
4: How to DeFi
This #book is a life saver, if you want to find your footing in DeFi. After suffering several rug pulls, and holding farm tokens that went to zero many times, I found this book one day when Coingecko said I can use some of my candies to claim it for free.
Coingecko candies are claimable every day, and you can redeem them for some cool stuff like the How to DeFi book. It has a beginner version, and one for experienced DeFi users.
The lessons in the book will help you navigate any DeFi protocol out there, setting you up to be a strong DeFi analyst.
5: Principles
If you don't know, Ray Dalio is one of the most successful hedge fund managers of all time. In this book, he shares his secrets to success. The principles in this book can change how you invest and take risks forever.
Some of the principles he talked about include: understanding yourself, being proactive, experimenting, diversifying, protecting your downside, and having a long-term perspective.
Why You Should Read These Books
As you can see from the preview of these books, they can prove to be very helpful for you in your trading career. Here are three reasons that should stand out to you:
They will provide you with a wealth of knowledge and experience
They will teach you risk management techniques and help you develop your trading skills
They can also help you develop your trading psychology
If you are serious about becoming a better trader, then you should read these books. They can provide you with the knowledge, skills, and mindset that you need to succeed in the market.
Don't procrastinate; read! And as you read, see how you can apply the lessons. That is the only way it will all make sense to you.
What books have you found to be helpful in your trading career? Share them with me below. And if you have read any of these books before, I'll love to hear the lessons you learned from them as well. And finally, give me a follow if you think I deserve it!