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“The reply is dependent upon plenty of essential elements: age, normal threat tolerance, speedy monetary and liquidity wants, volatility of a selected asset.
“The true query is – would you like your funding to have the ability to ‘transfer the needle’ if it goes properly and would you be crushed if it would not?”
In a bid to warn younger traders of the potential dangers, the Monetary Conduct Authority (FCA) has launched its InvestSmart marketing campaign to be extra conscious of the right way to keep away from being scammed when investing in high-risk merchandise, reminiscent of cryptocurrencies.
Sarah Pritchard, govt director of markets on the nation’s monetary regulator, emphasised the significance of teaching younger individuals on this planet of crypto.
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