Best cryptocurrency trading books 2025

In the world of cryptocurrency, where volatility and uncertainty are the norm, education and ongoing learning are key to success. Cryptocurrency trading requires not only intuition, but also a deep knowledge of technical and fundamental analysis, as well as an understanding of market psychology. In 2025, as the cryptocurrency market continues to evolve, attracting more and more participants, it is important to have cryptocurrency trading books on hand to help you become a successful trader. This article presents a selection of five books that, while not written specifically for cryptocurrency, contain universal principles that apply to digital assets.

1. Technical Analysis of the Financial Markets by John J. Murphy

It would be hard to imagine a book on technical analysis of cryptocurrencies without John J. Murphy's classic work, “Technical Analysis of the Financial Markets”. This book is a comprehensive guide to technical analysis, covering topics such as reading charts, using indicators, analysing trends and patterns. Murphy, an expert with over 30 years of experience, explains complex concepts in simple language, making the book accessible to traders of all levels.

The book is especially useful for crypto traders thanks to the chapters on volatility and support and resistance levels. With the cryptocurrency market experiencing wild price swings, identifying key levels and trends is critical. Murphy goes into detail on how to use moving averages, RSI, and other indicators to analyse the market. For example, moving averages help smooth out price data and identify trend direction, which is especially useful when trading assets like Bitcoin or Ethereum.

The book also touches on market psychology, helping traders understand the behaviour of participants and predict possible price movements. In the crypto market, where emotions often play a key role, this knowledge is invaluable. Murphy provides examples from real trading, which makes the book practical and applicable.

2. Japanese Candlestick Charting Techniques by Steve Nison

Steve Nison, known as the "father of candlestick analysis" in the West, wrote the book "Japanese Candlestick Charting Techniques", which is one of the best crypto trading books for those who want to master candlestick charts. This book is a deep dive into Japanese candlestick patterns such as the hammer, shooting star, and engulfing, which help predict trend reversals and continuations.

For cryptocurrency traders, where prices can change dramatically in a short period of time, candlestick charts are an indispensable tool. Nison explains how to interpret the patterns and combine them with other technical tools to improve the accuracy of forecasts. For example, a doji pattern can signal market indecision, which is often seen in the crypto market before significant price movements.

The book also includes historical context and real-world trading examples, making it practical and easy to understand. Nison emphasizes the importance of context when analysing candlestick patterns, which helps traders avoid false signals. For crypto traders dealing with volatile assets, this book will be a valuable resource.

3. “The Small Encyclopedia of a Trader” by Eric Naiman

“The Trader's Handbook” by Eric Naiman is one of the cryptocurrency trading books for beginners that is perfect for those just starting out in trading. Naiman, a renowned financial expert, has created a comprehensive reference book covering technical and fundamental analysis, money management, and trading psychology.

The book starts by explaining the basics of financial markets, which helps beginners understand how they work. This is especially useful for crypto traders, as the digital asset market has its own peculiarities, but the basic principles remain the same. Nayman goes into detail on how to analyse economic indicators and apply them to trading decisions, which can be adapted to analyse cryptocurrencies.

Particular attention is paid to risk management. Naiman offers practical advice on setting stop-losses, determining position sizing, and diversifying a portfolio. In the highly volatile crypto market, these principles help minimize losses. The book also includes a section on trading psychology, where common mistakes such as “overtrading” and “emotional decisions” are discussed.

This book is written in an accessible language, making it ideal for beginners. However, experienced traders will also find useful ideas for improving their strategies.

4. “The Trader's Self-Study Guide” by Brett Steenbarger

“The Trader's Guide to Psychology, Technique, Tactics, and Strategy” by Brett Steenbarger is a unique book that focuses on the psychological aspects of trading. Steenbarger, a psychologist and experienced trader, explains how emotions influence trading decisions and how to develop discipline and self-control. Among books on cryptocurrency trading, this work stands out for its emphasis on mental preparation.

The book covers topics such as stress management, overcoming fear of loss, and developing a state of “flow” - optimal concentration during trading. For crypto traders who face sharp price fluctuations, these skills are especially important. Steenbarger offers practical exercises, such as keeping a trading journal, that help traders analyse their actions and improve their results.

The book also covers the topic of choosing a trading style and developing strategies. Steenbarger explains how to tailor the techniques to your individual preferences, making the book universally applicable. For crypto traders, where emotional swings can be particularly strong, this book offers tools to maintain mental clarity.

5. “Active Trader Course” Alexander Gerchik

“Active Trader Course: Buy, Sell, Earn” by Alexander Gerchik is a practical guide based on the author's 20 years of trading experience. Among books on crypto trading, this work stands out for its emphasis on real examples and strategies. Gerchik shares his methods of market analysis, risk management, and making trading decisions.

The book covers topics such as scalping and day trading, which are especially popular among crypto traders due to the high volatility of the market. Gerchik explains how to identify high-probability trading setups and manage trades. His approach is based on discipline and strict adherence to a trading plan, which is the key to success in any trading environment.

For crypto traders, the book offers universal principles that can be adapted to digital assets. Gerchik also emphasizes the importance of adapting to changing market conditions, which is especially relevant in the rapidly changing world of cryptocurrencies.

How to apply knowledge from books in the crypto market?

Successful crypto trading requires combining technical analysis, risk management, and psychological resilience. Nison's candlestick patterns will help you identify entry and exit points, Murphy's indicators will confirm trends, and Nyman and Steenbarger's advice will help you control your capital and emotions. Gerchik offers adaptable strategies. Consider the specifics of the market: monitor the news and test approaches on demo accounts. The 24/7 crypto market with high volatility requires flexibility in analysing support levels and discipline against FOMO. The principles of the books are relevant in 2025, adapting to DeFi and NFT through candlestick patterns and scalping.

Why are these books relevant in 2025?

Even though these books were written earlier, their principles remain relevant. Technical analysis, psychology, and risk management are timeless topics that do not lose their value. In 2025, with the growing popularity of DeFi, NFTs, and other innovations, traders need to adapt these principles to new realities. For example, Nison's candlestick patterns remain effective for analysing new token charts, and Gerchik's scalping tips are applicable to trading on decentralized exchanges.

Conclusion

These best cryptocurrency trading books are essential resources for traders looking to succeed in 2025. They cover key aspects of trading, from technical analysis to psychology, and provide tools for developing effective strategies. Read these books, put their knowledge into practice, and develop your skills to confidently trade the cryptocurrency market.

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