What is risk management?

Currency Anna 05 августа 2019 Просмотров: 272

What defines trading? What differentiates it from all of the other jobs and money-earning activities?

Risk.

At your day job you have no possibility to lose money. You work, you do your job and then you get a paycheck at the end of the month. The only risk that you are exposed to here is bad coffee from of one of your too-eager-to-please co-workers.

But in trading you are actually risking your money and your time. And it is up to you to decide which risk is worse here. And in order to get the profits from trading you need to understand and assess all the risks. You need to process the information you get and you need to answer yourself – am I trading or am I gambling. Because you know what gambling is?

Trading with no risk management.

So, do you want to be a trader or a gambler?

Are you ready to face the risks that you are facing or do you want to be lest in the dark?

Are you prepared to see the real risks of trading and answer – are you cut out for trading in the first place?

If yes, then stick with us!