Every investment carries with it an element of risk. If you don't take risks, you won't make money, but it's very important to keep the situation within normal limits and realistically set priorities. Here are some important points that a successful investor should follow:
- Always DYOR (do your own research) - Never FOMO (fear of missing out) - Never invest everything (5% - 10%)
1)Do your own research a beginner should focus their research on the top crypto coins. See the most traded and popular coins.
2)Manage your risk
Risk management allows you to trade responsibly and make safe money. The crypto market is still in its infancy, so it experiences great volatility. Only invest what you can lose - and don't be greedy! Generally speaking, 5% - 10% of your money to invest can be in high volatility assets.
3)Diversify your crypto portfolio
For example, invest in artificial intelligence. It is widely believed that the crypto space will be a very profitable ground for credible gaming platforms.(Gambling)
4)Store your coins safely and neatly write down all the necessary information.
Based on my experience, the above are just some basic activities before investing.
