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

Verified Answer :

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.