Understanding it will help you build a portfolio with diverse risks.
Why then?
Because you would wish to have your money not putting all in just one product. Once you lose, you lose everything, would you like that to happen? Guess not
To know the risk type, take a look at this image. Although this is pretty subjective, it’s not too far from a technical perspective.
Choose your own products to invest in. I know that you are on Binance, to trade, hold coins, and dream of a rich future. But trust me, diversify your portfolio, and you won't regret.
“Diversify your portfolio doesn’t help you get to the wealth faster, but it keeps you away from the poor forever”
In the next article, I will give you some very basic rules of thumbs to do the portfolio diversification.
Keep it up, you are learning something!!!
To be continued…