FREE BINANCE and Cryptocurrency COURSE

...*Lesson 6.1.2: Portfolio Diversification*

Diversification is about spreading your investments across different assets to reduce risk.

*Benefits of diversification:*

1. Risk reduction.

2. Greater profit potential.

3. Less dependence on a single asset.

*Examples of diversification:*

1. Investing in different cryptocurrencies (BTC, ETH, LTC).

2. Combining cryptocurrencies with stocks or bonds.

3. Investing in different sectors (technology, health, finance).

*Lesson 6.1.3: Advanced Stop-Loss Management*

An advanced stop-loss is a strategy to limit losses.

*Types of stop-loss:*

1. Fixed stop-loss: Order to sell at a specific price.

2. Trailing stop-loss: Adjust the stop-loss price based on market movement.

3. Percentage stop-loss: Sell when the price drops by a certain percentage.

Example: Set a 10% stop-loss to sell when the price drops by 10% from the purchase.

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