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3 Important Risk Management Tips For Traders
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[QUOTE="Jasmine, post: 250285, member: 49159"] You can trade stocks, cryptos, or forex, but you need different set of skills to trade these assets. Trading is not all about buying when the market is down and selling when the market is high. Whether you are trading stocks, cryptos, or forex, you need to understand three things: one, signals, two, market position, and three, assets. If you are trading stocks, you need to understand how the stock was performing in the past, how the company is performing in the market, what kind of policy the government is bring that might move the stock price. If you are trading crypto, you need to understand the market cap and market cap rank of the asset, the historical data, use case, adoption in different countries (mainly influential countries), adoption by the private sectors and businesses, etc. If you are trading forex, you need to understand the GDP (Gross Domestic Product) and PPP (Purchasing Power Parity) of the countries whose currencies you are trading. [/QUOTE]
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