One of the most popular crypto trading platforms, ByBit is widely known for its array of derivatives you can trade and favorable trading conditions. However, the exchange boasts another great feature that’s usually overlooked: an extensive and novice-friendly library of educational materials. With all kinds of guides included, this library can help you learn more about crypto and derivatives trading. That’s why we’ve written a short review of all the possibilities this educational program offers to novice traders.
ByBit may be one of the most popular crypto platforms in the world, but its focus on trading derivatives makes it rather unsuitable for complete beginners. The reason is simple: crypto derivatives are widely considered extremely risky, and some countries have even banned them for this reason. However, it’s all about how you trade them: if used the right way, these instruments can be incredibly profitable, and that’s why many professional traders prefer ByBit over other platforms.
What’s great about ByBit is that the exchange provides you with all the information you need to begin your journey on the derivatives market. The official website has a separate section with many kinds of training materials, and this ByBit education program can prove quite useful. Let’s take a closer look at what this program has to offer.
ByBit offers you a wide variety of useful resources. First of all, there is a glossary that includes many words and definitions related to crypto trading. Learning the basics is very important since it can help you communicate with other traders and understand more complex materials. The learning program also includes numerous videos and audio lessons on various aspects of trading. These materials are very novice-friendly and cover almost every important topic, so make sure to dig into them.
Of course, there are many written guides, too. For example, there are guides on technical analysis, a variety of materials about security, a separate guide for MetaTrader 4 and its features, and so on. The program also features separate guides on Bitcoin and altcoins, blockchain basics, DeFi projects, and many more. That means you can learn more about the actual assets you’re going to trade, so it’s not just about learning to look for patterns on the market. Once you feel ready to try yourself, you can just create a demo account and practice without risking real money.