Taking financial RISK in Crypto

Описание: Welcome to our channel where Stephen (a Crypto dummy) asks questions to Amine (a Crypto practitioner). In todays video we chat about RISK and taking financial risk in crypto.

Risk refers to the probability of a negative event happening in your activities; an event that goes contrary to your intended outcome. Risk is part and parcel of the cryptocurrency trade. It is the chance of an undesired outcome on the trade, which translates to making losses. For instance, a 50% risk on a short position simply means that there is a 50% probability that the Bitcoin price will rise, resulting in a loss on your part.

The rule of thumb in crypto trading is: “Do not risk more than you can afford to lose.” Given the gravity of risk in crypto trading, we generally advise traders to use not more than 10% of their budget or monthly revenue. Also, trading with borrowed money is not advisable as it puts them in a credit risk position.

https://www.coininsider.com/risk-mana...

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