A market correction is a temporary decline in asset prices within a general trend, whether upward or downward. It is considered a normal part of the market cycle and results from several factors such as profit-taking by investors after price increases, changes in monetary policies affecting asset values, or major economic events like inflation or recession that cast shadows over the markets.

A correction provides opportunities for investors. They can take advantage of it to buy good assets at attractive prices, or to take profits if they already own assets that have increased in value before the correction. It is also important to reassess and adjust investment portfolios to fit the new market conditions.

To effectively deal with market corrections, it is advisable to focus on long-term investing to ride out short-term volatility, diversify the portfolio to reduce risks and enhance stability, and seize opportunities that may arise during these periods. Staying informed about market conditions and adapting strategies is crucial to maximizing benefits and avoiding significant losses.