Risk management for You

      


    What is the risk? In the most common vision, risk means the risk of loss. In any activity there is always a risk of loss arising from the specifics of certain actions. Completely avoid the risk is almost impossible, but it can be reduced or eliminate. I will Show you simple ways how to avoid the risk of investing on Forex.



    The most common tools and techniques (technology) provides risk management in the international standard     ISO / IEC 31010:2009.  WOW !!! How interesting even have a standard that means it's all very, very seriously and deserves attention.The standard outlines 31 technology risk management. Examples of techniques include: brainstorming, analysis of "What if ...», FMEA, HAZOP, HACCP, chart "bow tie", fault tree analysis, Bayesian networks, FN-curves, etc.

In risk management decided to allocate a few key steps: 

Risk identification and assessment of its implementation and scale effects, to determine the maximum-possible loss; 
choice of methods and management tools identified risks; 
develop risk strategies to reduce the probability of risk and minimize possible adverse impacts; 
implementation of the risk strategy; 
assessment of progress and risk adjustment strategies. 

Key stage of risk management is considered the step of selecting methods and tools for risk management.

Basic methods of risk management are the rejection of risk reduction, transfer and adoption of tools.

 Examples may be:

rejection of excessively risky activities (method failure) 
prevention or diversification (reduction method) 
outsourcing costly risk functions (transfer method) 
creation of reserves or reserves (making method).