Do Your Own Research (DYOR)

A sensible suggestion to traders to verify information before making decisions.

Do Your Own Research (DYOR) is a suggestion that is commonly made to newcomers to the world of trading. The motive behind this suggestion is to encourage traders to confirm widespread statistics and news before settling on a trading or investment course. This is particularly important where there is little control over the creation and spread of information. Thus, DYOR serves to caution traders against misinformation, especially because of the pervasiveness of half-truths and propaganda on social media.

DYOR is even more useful in the world of cryptos and blockchain technology. Due to the still growing pillars and applications of the new and innovative system of decentralized finance (DeFi), the dissemination of falsehood is very common. Thus, DYOR is one of the basic guards against this problem.

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