Hello..!!

My Dear Friends
This is @ns-porosh from Bangladesh 🇧🇩

How are you all? I hope you are well by the grace of God I am well with your prayers and mercy God's grace.At first of all thank you to the sir @stream4u.Your lesson provides a lot of information on homework tasks.

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HomeWork Task 7.

Make a Homework Task 7 Post on the below Topics which you can also discuss according to your views on it, and try to explore it as much as possible but in simple terms.

• Discussed Money Management.

• Future plan on your Money Management.

• Discussed Portfolio Management, if you have an investment and if it is okay with you then show portfolio and explore it briefly.

• Future plan on your Portfolio Management.

• When was the last investment failed and Why? (those who have experienced this can provide views.)

• Conclusion

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Money management

Source

A businessman manages his account through money management. It is very important for a forex trader to know how to manage money. A good money management will help you protect your account from losses. If you follow good financial management, your account will not be damaged and there will be no chance of account loss.You can even hold the account for a long time.Suppose your account balance is 2000$. You thought you would trade this capital with more rickshaws. So he did. Some days you made a lot of profit but after a while you saw that your account has started to lose slowly. You wonder how to make up for this loss. But you can't because you have traded more money without knowledge of money management.

"Money management"means how a person will use their money, where they will invest it and how much they will invest.

Future plan

Source

Without proper knowledge of money management our personal capital can fall into big losses. I had very little idea about cryptocurrency but after reading this lecture I was able to gain some knowledge about cryptocurrency. First you need to gain knowledge about investing and invest some so that you can get positive results from your initial investment in a very short time. My dream is to invest in the stock market since childhood but the current stock market situation in Bangladesh is very bad. So I did not invest in the stock market. I am now interested in investing my capital in cryptocurrency. The use of cryptocurrencies is slowly being introduced in several countries around the world and these cryptocurrencies continue to grow. I see various courses, videos and documents about cryptocurrency from the internet that provide the necessary information for investing in cryptocurrency.I want to invest my capital in three parts, long term, medium term and short term so that my capital is not wasted.

Portfolio management

Source

A portfolio is a combination of one or two separate investments. These investments can be kept in a few accounts. Such as a retirement account and another taxable investment account.

Portfolio management is the right way to invest in a portfolio and the process of choosing how much you will benefit from these investments.Capital stocks, bonds and cash can be included in these measures. Again these can be held in a combination of individual stocks and bonds. Again the portfolio may include alternative investments such as real estate or precious metals.

Future plan

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The crypto market can never be quick profitable. The main purpose of crypto investing is to make a profit in the long run. If crypto investors want to protect their capital and ensure profit continuity, they must follow a capital allocation strategy.
My future plan for portfolio management is to know the basics of the projects I will invest in. Similarly, I will gain a better idea of ​​investing through technical and fundamental analysis. I want to make huge income in a short time by investing in different places based on my research. That’s why I’m looking forward to diversifying my portfolio to accommodate small capital cryptocurrencies.

conclusion

Source

The key to success in planning. This means that if you plan and do something, you are more likely to succeed. In real life, no one sees the face of profit without doing business worth crores of rupees. Again, someone does business with capital of lakhs of rupees but earns profit. The key issue here is money management. The point is who can manage their money in such a beautiful way.To be successful, you need to manage your capital well and have a good plan.Another important issue is portfolio management.This means that instead of spending money in any one sector, you will invest your money in a few coins or a few sectors, so you are less likely to lose.With proper money management and investment through portfolio , anyone can succeed in trading.

Cc. @steemcuratoro02 , @stream4u.

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Thank you sir @stream4u for this beautiful lesson. I hope I was able to meet the requirements of this homework work.

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Thanks a lot for your visit.🤝 See you again.