Article No: 11
Date: 01/11/22
Topic: Importance of DYOR
Hi everyone today I am going to write about the importance of DYOR.
DYOR means do your own research it's amazing DYOR. DYOR is important to invest in a legit platform. DYOR is the best approach any trader should take it. And the reason why traders should choose it is that Firstly It provides a sense of responsibility.
A trader understands the signals and crypto easily and then easily do dyor
Simply because even after you probably get a sign or signal from an expert, there is a possibility that the project or signal may not turn out well.
Now if it doesn't turn out good, if you do not DYOR, you may most probably end up blaming the analysts
And more so, you may not get experience So DYOR Is very important.
Well you can't DYOR properly as a beginner
So we all began somewhere and whether we like it or not, we've used signals one way or another other so we can't disregard the use of signals
One of the major components of DYOR is fundamental analysis.DYOR is more of a fundamental analysis than a technical analysis
The analysis we need to do whether it is fundamental or technical
The reason is, technical analysis though is research so much of itself, is not as compound as fundamental analysis
Before entering the investment in a particular project, Every investor used to do their research to determine not only the project's scope, Destination, Path, and Legitimacy but also the fund's security.
Unsplash: Having a keen eye on funds security
We live in a time where anybody can invest in almost anything, and better still anyone with enough technical knowledge can create a token on the blockchain. We no longer need to go through an intermediary such as a broker to toss our life savings into the market. But, we can take charge of our financial destiny by doing our research, and this is no different when it comes to cryptocurrency.
To me, when an investor relies on financial advice from experts, it makes one more gullible and unreliable as an investor. Like imagine you can't even make decisions of your own to invest, that makes you a liability
❓Hopefully all of You Always follow DYOR. So, were you able to mitigate the risk appetite or Risk Tolerance by following a proper DYOR? 🤔
Pixabay: risk tolerance is similar to this pic
Which do you think is better? Is it better DYOR or receive guidance from experts in the industry who are well aware of the in and out of the crypto-financial market? 😉🤔
Pixabay: what do you think is better
Are you more certain of a successful investment endeavor if you rely on expert recommendations than if to depend solely on your limited market or project personnel evaluation? Will you prefer your evaluation over your financial adviser's decisions?🤔
That's the whole article hopefully you will like it and if you have any queries then ask me in the comment section
**Thanks for reading **
