Minimizing Trading Risk
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Minimizing Trading Risk through Proactive Threat and Error Management.
Failure to appreciate risk in the trading environment can devastate your financial future. Lance Beggs discusses incorporating a tool to aid in identification and management of business risk to effectively deal with anything that adversely affects a trading business.
Unfortunately, most traders have a fairly narrow view of risk management, relating it simply to the use of a stop-loss in order to limit risk on any particular trade. Do not feel bad if that was your answer – it has become common practice within the trading industry for the term risk management to relate simply to the risk on an individual trade.