How to tackle economic downturns or geopolitical instability?

[Kirankrithika]

How do you all effectively tackle and navigate market conditions such as economic downturns or geopolitical instability, to reduce risks and capitalize on opportunities during market adversity?

 

[Miguel!!]

1. Have risk management strategies
2. Technical and fundamental analysis
3. Stay ahead of market trends
4. Keep emotions under control
5. Discipline, discipline, and more discipline

 

[Jefferson91]

Maintaining a diverse portfolio to spread risk and reduce vulnerability to specific market shocks and remaining flexible and adaptable in response to changing market conditions

 

[Fin_Trader]

These market conditions do not interfere with trading in any way. After all, you can make a profit on Forex both when the market is growing and when it is falling. I only care what signals (to buy or to sell) my trading strategy gives me. Therefore, even during an economic downturn or geopolitical instability, you can make money.