Introduction
Have you always wanted to learn trading, but didn’t know where
to start, or what to learn? Have you looked at those expensive
trading courses offered to you by your favorite crypto Twitter
influencers, but didn’t want to spend the funds? This article will
go over a roadmap that will teach you the basics of trading, and
even more advanced topics. With each topic there is a list of links
with articles and videos to teach you about the topic. I first made
this roadmap when I started to learn trading, and I’m sharing it
in the hopes it’ll help others too.
I’ll aim to release a part to this roadmap every several days, so if
you’re interested in learning more, keep an eye out on my Twitter
and Medium. Don’t worry if you didn’t complete the previous
part when a new part is released, learn at your own pace! I will
include a link at the bottom at each release when a new part is
available so you can navigate to the next part easily.
How to Use
Use this roadmap as a guide through your trading journey. If
you’re completely new, start at the beginning. If you’re more
advanced, skip the topics you already know. The roadmap
consists of 9 units. We will discuss one unit per article. At the
bottom of the page, there will be a link to the next unit.
Some of these articles and videos will talk about stocks and not
crypto. However, everything discussed in this roadmap applies to
both stock markets and crypto markets. If it doesn’t, it will be
explicitly mentioned that this topic only applies to a certain
market.
If you don’t understand a certain term used in an article or video,
it will probably be explained later on in one of the later topics.
However, you’re more than encouraged to Google it and learn
about yourself. The more effort you put in, the more you will
learn!
You can try to watch a video or read an article every day, or set a
certain time period of learning for every day, par example: 30
minutes daily. If you don’t have a lot of free time, it might take
longer for you to complete the roadmap.
After you’ve learnt the Basics in this roadmap, you can start
trading on a paper account. You can do this with TradingView, or
another 3rd party application that you’re more familiar with.
This way you can start applying what you’ve learnt and see how it
would work out in the real world, without risking your funds.
Prerequisites: What is your Vision?
Before we start learning, it might be helpful for you to write
down your vision at the start of your journey. You can later
evaluate how this changed throughout your journey. So open a
new text editing document and write down your answers to the
following questions:
1. Why do I want to trade?
2. What are my expectations?
3. Are my expectations realistic?
Now, we will begin your learning journey. We will start at the
absolute basics.
The Roadmap — Unit 1: The Basics
Before moving on to more advanced topics, you will need to learn
the basics. This part isn’t very hard but it can be time consuming.
Some videos in this section are quite long, but very informative.
So I would recommend for you to bite the bullet and do your best
to complete everything in this section. I’ve listed articles and
videos for absolute beginners and for more advanced traders.
You’re more than welcome to complete both sections if you feel
like it.
Understanding the Market
Beginner
Binance: The Psychology of Market Cycles
Binance: What is a Bull Market?
Binance: What is a Bear Market?
Binance: What is Crypto Market Sentiment?
Advanced
Youtube: Market Cycles
Youtube: What is FUD and what is FOMO?
Youtube: What is Fear and Greed?
Order Types
Beginner
Binance: What Is a Market Order?
Binance: What Is a Limit Order?
Binance: What is a Stop Limit Order?
Advanced
Binance: Understanding Different Order Types
Binance: What Is an OCO Order?
Order Book
Youtube: What is an order book?
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Basic Technical Analysis
Beginner
Binance: What is Technical Analysis?
Binance: 12 Terms any Crypto Trader Should Know
Binance: A Complete Guide To Cryptocurrency Trading for
Beginners
Binance: 7 Common Mistakes in Technical Analysis
Youtube: Technical Analysis for Beginners
Advanced
Youtube: Ultimate Technical Analysis Beginner Guide
Basic Fundamental Analysis
Beginner
Binance: A Guide to Cryptocurrency Fundamental Analysis
3Commas: Fundamental Analysis in Crypto 101
Advanced
Investopedia: What is Fundamental Analysis?
Investopedia: When to use Fundamental Analysis?
Basic TradingView
Beginners
Binance: A Beginners Guide To Tradingview
Advanced
Youtube: From Tradingview Beginner to Expert
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Homework
After completing this section, here’s some homework you can do
to improve your trading skills:
1. Set up an exchange account (if you don’t have one
already). I would recommend Binance for anyone
outside the US. Once that’s done, start looking at the
order book and order types (without making actual
orders).
2. Set up a Tradingview account and looking at charts. It
doesn’t matter if you don’t understand much, try to get
more familiar with the Tradingview interface. Change
your time frame, change your pairs (for example,
BTC/USD, ETH/USD), and so on. Add a few indicators
to see how they work.
3. Start finding some crypto news websites that you trust
and bookmark them. Check them once or twice a day
and keep up to speed with developments in the crypto
world.
4. Below is a list of YouTube channels with good
information. Follow these channels and watch some
video’s if you’re up for it!
MoneyZG
Rayner Teo
Trading Beacon
Trading Rush
Humbled Trader
Warrior Trading
Introduction
Welcome to part 2 of the trading roadmap. If you’ve missed part
one, find it here. In this part we’ll take a look at different patterns
that can be useful when analyzing charts. You can combine this
with everything you’ve learnt in part one. If you’re unsure how to
use this roadmap, please check the “How to Use” section in part
1.
Prerequisites: Reflect on Part 1
Before we start part 2, it might be a good idea to reflect on what
you’ve learnt in part 1. Open your text document, in which you
saved your vision and goals, and write down your answers to the
following questions:
1. What did I learn in Part 1?
2. What did I find most difficult in Part 1?
3. What did I find the easiest in Part 1?
This might be helpful to identify possible weak and strong points
in your trading knowledge. We’ll do this for each unit, and you
can keep track of your answers. If you see a topic coming up a
few times, it might be a good idea to learn more about that topic
to understand it better.
The Roadmap — Unit 2: Identifying Patterns
There are several types of patterns that we can take a look at. The
most obvious was already introduced a bit in part 1: Candlestick
Patterns. Before we start, it’s good to learn some basic principles
of charting. These are some very well known techniques that are
applied before anything else. We’ll cover these first, and then
move on to the more in-depth parts of patterns.
Basic
(When you don’t understand some of the terms used on
Investopedia, and it’s blue, you can click it for a definition).
Beginner
Binance: The Basics of Support and Resistance Explained
Binance: Trend Lines Explained
Youtube: Trend Lines & Channels
Investopedia: What is a pullback?
Investopedia: What is a breakout?
Advanced
Investopedia: Introduction to Technical Analysis Price Patterns
Tradingview: Drawing Tools
Tradingview: Hotkeys
Youtube: Charting Secrets
Candlestick Patterns
Beginner
Binance: A Beginners Guide to Candlestick Charts
Binance: 12 Popular Candlestick Patterns Used In Technical
Analysis
Youtube: Ultimate Candlestick Trading Course
Youtube: Candlestick Patterns Cheat Sheet
Advanced
Investopedia: The 5 Most Powerful Candlestick Patterns
Classic Patterns
Most of these principals are based on Schabackers impression
of them, he has published books that you can look into if you’re
interested.
A few rules (as described by Peter Brandt) to follow for greater
success when using classic patterns are:
1. The more isolated a pattern is vertically, the greater its
reliability.
2. The overwhelming vast majority of patterns will fail.
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3. Patterns on intraday graphs are even more susceptible to
failure.
4. Patterns on weekly charts are the most reliable.
5. Horizontal patterns are far more reliable than diagonal
patterns.
Beginner
Binance: A Beginners Guide to Classical Chart Patterns
Youtube: Understanding Chart Patterns for Online Trading
Binance: The Basics of Support and Resistance Explained
Binance: Bollinger Bands Explained (optional)
Youtube: Head and Shoulders Pattern
Youtube: Understanding Triangle Chart Patterns
Youtube: How to Trade the Double Top Pattern (this also applies
to double bottom, except reverse. Price is expected to go up after
double bottom).
Youtube: Trading M-Tops and W-Bottoms
Youtube: How to Trade Flags and Pennant Patterns
Youtube: Diamond Tops & Diamond Bottoms
Youtube: Wedges
Youtube: Trading the Cup and Handle Pattern
Advanced
Youtube: My 3 Favorite Chart Patterns
Youtube: How to Trade the Complex Pullback
Harmonic Patterns
I do not use harmonic patterns, because they try to predict the
future, and I don’t believe in that. I don’t know much about
them, but I will post a few resources below if you’re interested in
learning more about them. But please don’t let my own personal
bias stop you from trading the way you want to. If you find this
way of trading interesting, do your own research.
Beginner
Investopedia: Harmonic Patterns in the Currency Markets
Youtube: Harmonic Patterns
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Homework
After completing this section, here’s some homework you can do
to improve your trading skills:
1. Starting looking at charts. First, determine the overall
trend. Is it in an uptrend, or a downtrend? Use trend
lines on the 1-day chart.
2. After you’ve established the overall trend, try to find
patterns on 1-day charts. Look at both candle sticks and
classic patterns. Is there anything interesting you can
spot? How long did it take for these patterns to form?
3. What was the result? Example, if you found a
descending triangle during a downtrend, did the trend
continue like is often expected? Document your findings
and move on to the next pattern.
4. Repeat for any number of times, and try it out with
different pairs and different time frames. Do you see a
decrease in accuracy when you switch to a 1-hour time
frame, par example? An increase when you switch to a
weekly time frame?
5. Try to find patterns that are currently still being played
out, write down what you think will happen based on
what you know, and keep an eye on them for a the next
few days. Once you get your answer, evaluate your
predictions and if they were correct or incorrect.
Up Next
Congratulations on completing this section! The next section will
be about “Indicators” and includes topics like Trend
Indicators, Momentum Indicators, Oscillators, and Volume.
ROAD MAP OF CRYPTO
First earn money from your skills .
1. Purpose of crypto trading.
2. Goal for next 5 years
3. Cash flow. Implementation. ( read books, articles, hba services keyword research)
4. Basic of blockchain and technology, cryptography , pros and cons.(quantum computing)
5. Important : risk understanding: exchange scams can happening, risk factors, volatility.
Smart money manipulation, techniques , .
6. Technical parameters, websites and apps: framework and layouts.
7. Technical analysis, smc, price actions, (previous markets behaviour predicting the next
moves. Big money, institutions , whale, and big money.charting skills, parameters.
8. Fundamental analysis: cash flow impact. (cpi data, bank policies, dollar strong or
weakness, geographic tensions, wars, ) money driven technology, collaboratiion of
technologies,.
9. Psychology :Human Behaviour (behavioural economics)
