observe the business risk faced by a trader trading in daily necessities and a trader dealing in luxury items
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Trading in financial markets, is the buying or selling of stocks, commodities, and others.
Traders trading in luxury items are at a safer level than those trading in daily necessities.
Daily necessities
- Daily necessities include stocks like vegetables, fruits and groceries.
- Daily necessities are usually low priced and tend to fluctuate more.
- So the trader will experience more number of loss and gains.
Luxury items
- Luxury items include stocks like gold, silver and platinum
- Whereas the luxury items do not fluctuate as much as the daily necessities and so the chance for gain or loss is less for these traders.
Hope it helps.
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