How to Make Money Trading Bitcoin Final day 5 of 5

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I want to thank all of you for sticking around and listening to me ramble on and on. I hope you learned at least a little more about trading. Today I am not going to explain anything specifically, but give you great places to continue your learning. Just in case you haven's seen the previous post here are the links, MondayTuesdayWednesday and Thursday. I highly suggest you start at the beginning because we will be building on top of what we learned and you will be lost without them.

By now I am sure you know that my name is Andrew Cook and I am the founder and CEO of Cook Investment Firm. We trade Bitcoins for a living. I have to put a disclaimer, just in case. You're adults (I think [imagine if you were all cats, from /r/cats, hilarious!]), use reasoning and know that this is a complex subject. Having said that, all the information here is just advice and should not be taken in any other way. We are not asking you to invest with us, nor suggesting you should, we just want to help out the community. Above everything else, do your homework! Read, learn, watch, grow and use self judgement before making any trades.

Over the past week I have taught where to trade, how to use charts, what indicators are a good starting point, types of trading and the risk involved with trading. All of the things I covered were just to get your feet wet. Nothing too in depth to discourage anyone from trading (at least, that was my goal). I sincerely hope I got you interested. With that knowledge you could make decent trades without worrying if you're doing it correctly. However, I highly suggest you continue your studying. Today I will be showing some free websites and tools to help you continue growing as traders and keep you update with everything in the Bitcoin world (myself and my company are not associated with any of the following links).

Websites to continue learning

  • Babypips - Probably the best place to learn how to trade Forex and Bitcoin. They have a forum, blog, encyclopedia and my favorite, a school. Create an account and go through the school. You can do it in a weekend and when you finish you will be full of knowledge about Forex trading. So much so, you could easily ruin a rockin' party, by bringing up “Fibonacci Numbers” and “Position Sizing”. By far the best tool for beginners.

  • Investopedia - Like the name suggest, it is an encyclopedia for investing. They explain everything you could imagine. Let's say you wanted to know more about moving averages, they have a great explanation of that: here. Anything you could ever need when trading you can find on Investopedia.

  • Perfect Stock Alert – Are you more of a visual learning? Then this guy is for you. He makes Youtube videos about stocks, trading, indicators and about everything else you would need. He retired recently, but his videos are still there and still very relevant. He has made a great video about the MACD indicator, see it here. I definitely recommend his videos for beginners and experts alike. Although his trading advice is not great, he is great at teaching.

  • Trader's Narrative - They offer a few free books and articles about trading. All are great reads and will help immensely.

Keep up with Bitcoin news

  • Reddit/r/bitcoin – If you are reading this I am pretty sure you know about reddit. It is a great tool. That is one of the reasons I have posted all of these on reddit.

  • Coindesk - Generally good writing and interesting articles. They have many stories a day and most of them are unique. Highly recommend in my opinion.

  • Bitcoin Magazine - Very similar to Coindesk, but a little less volume. Still great and definitely worth your time. Go have a read.


  • Let's talk Bitcoin - Great podcast when many different shows. Anything you want to know about Bitcoin one of the shows has covered or will cover. I highly recommend listening to them. Great way to stay informed.

  • Mad Money Machine - It used to be a podcast about trading normal stocks, but recently moved into a 100% Bitcoin podcast. The host is great and my personal all time favorite podcast. It is also featured on the “Let's talk Bitcoin” podcast, so subscribe to that too and you also get this one.


  • Bitalarm - Great browser alarm, it will alert you when price drops below “X” or when price goes above “X”. Also if it changes by “X” percent. You can have text messages sent to your phone for a price.

  • Bitrule - Excellent alarm, highly recommend. Excellent features to stop losses. Send text messages worldwide and email alerts. This is what we use.

  • Coin Listener - Good alarm, same as Bitrule, but with less features.

That is all folks. I want to personally thank you for taking the time and reading this. As well as the last 4 post. Most people thought this was a promotion for my company, it really wasn't. I just want to help the Bitcoin community. I feel that we have an awesome tool (bitcoin) and that we need to share it with the world. If I have sparked something inside just one person, I feel as if I have done my job. It has been great reading all your comments (even the not so nice ones) and I'd love if all of you kept this discussion about trading open.

If you have any questions or concerns you can contact me here, on Reddit, or the IRC: Acook3, but the best way is through email:

Also if you'd like to learn a little more about my company and what we do, you can visit our website:

Happy investing!

Andrew Cook | Founder and CEO | Cook Investment Firm

About the author


I'm from Indonesia , I Love Music ..
My best genre is Metal \m/

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