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Greetings friends and welcome to my participation for the Tech Quiz season 24, where we get to talk about the different types of financial markets. Hope you get to learn something new today as I attend to the hints as provided.
What is the Bull market? Please Explain |
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A bull market is when the price of an asset in a market goes up sending a wave of positivity and optimism in the market. It is considered to be a happy time for traders in that particular market. This can also be considered to be a booming market as investors are feeling good and prices of assets keep increasing gradually.
What is the Bearish market? Please Explain. |
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A Bearish market is when the price of an asset is going down, which means it is the opposite of a Bull market. Therefore, when there is a bearish market investors become worried about their investments leading to them selling their assets to avoid losing money by holding onto an asset with a falling price.
How we can avoid risk and make a profit in both markets? |
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Looking to avoid the risks involved in both markets there are a few strategies we can consider, and these strategies include;
Applying Cautiousness
To be cautious is an important strategy in any business, and this also goes for trading any financial market because by being cautious, we avoid losing our money.
Diversifying our Portfolio
This means learning to not put all our investments in one place or asset but rather spreading our investment across different types of assets to bring about balance in our portfolio.
Learn to Reduce Risks
This involves us doing our homework by carrying out research on the assets we are interested in, and to do this we must look at all aspects of the asset we want to invest in, which will help us make more informed decisions and avoid potential losses.
Having a Long-term Plan
We need to have a long-term mindset in our investments so we don't get caught up in short-term fluctuations, instead, we should be focused on the overall trend of the market.
Seeking Advice
To be successful in our trades, we need to seek advice from others as well, because by seeking advice from those who know a thing or two about trading, we can add their guidance to add to our research, while also learning from their experience.
On this note, I like to invite @yakspeace, @edidiongeffiong and @abdullahw2 to participate, here is the Link
NOTE: Always have a smile on your face, as you are never fully dressed without one.
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Upvoted. Thank You for sending some of your rewards to @null. It will make Steem stronger.
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Thanks bro for mentioning me in your post and sharing a beautiful article with us. Good luck 🍀❤️
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