What steps can you take to prevent yourself from being affected by a market correction? Explain.

1 answer:

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Nobody like losing money. Market correction is something that no one can forecast. To protect ourselves from market correction, here are some ways you can take:

1. Avoid listening to financial analysts. Ignore the predictions.

2. Study the kind of markets you put your money into. Understanding how they work can help you a lot.

3. Be ready to risk.

4. Avoid being impulsive on your decisions.

5. Think about the risks and the probability of a potential return; from there you can decide what you need to do.

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