A: Staying ahead of market volatility requires:
- Understanding market cycles: Identifying historical patterns of market behavior and anticipating potential turning points.
- Risk management: Implementing strategies to mitigate losses and protect capital during periods of high volatility.
- Diversification: Spreading investments across different asset classes and sectors to reduce overall portfolio risk.
Q: How does staying informed contribute to profitability in trading?
A: Staying informed empowers traders to:
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