What is Risk Management?

By definition Risk Management refers to the process of identifying, evaluating, and managing risks that could potentially harm an individual. The goal of risk management is to minimize the likelihood and impact of damaging events by developing and implementing strategies and procedures to mitigate risks. Effective risk management can help individuals make informed decisions and protect their assets and investments.

**What Makes Risk Management Essential? **

let’s begin by stating the root cause.

Market Volatility

The crypto market is known to be very volatile. If you’ve been following this industry for a while you definitely heard “to the moooooon!!” and the sound of people crying after Dogecoin reached the depths of the abyss and died. 

Do you see where we’re going? 

Volatile market = HIGH levels of uncertainty = must be able to adapt quickly = must know how to be safe = Risk Management.

What is the best way to manage risk? Simple, have tools and software that do it for you.

The DipSway bot does it all on your behalf.  

Here are some problems you might also face during your trading journey.

• Missing profit opportunities.
• Inconsistent profits and goals are unmet.
• Higher risk of losses.
• Stagnant financial situation.
• Disadvantage compared to others.
• Limited access to emerging trends.
• Uncertainty on trades and trends
• Difficulty keeping up with the market.
• Trapped in a low-profit cycle.

Just TERRIBLE.

How can we effectively manage the risk and turn these soar losses into wins, glory, and MONEY? It requires a couple things: 

1. a brain,
2. a phone.

If you have both then you can connect to DipSway and enjoy what we so-call “life”.

The DipSway bot is hand-crafted to be a top performer in every market situation. It won’t matter to you if Elon Musk twitted “Dogecoin” because DipSway will just buy and sell at the right time on your behalf. 

It’s much more than a simple trend follower. It has a built-in Neural Network which we can generally define as AI, the only difference is that ours isn’t powered by some chatGPT script.

Our bots AI was built and trained over years, it’s constantly updated and it auto-improves with time. 

How Can DipSway Bot Help with Risk Management?

The DipSway bot works by analyzing real-time and historical market data and executing trades based on a multitude of strategies and AI patterns. The bot is connected to your exchange account via API keys, which allows it to access your account and execute trades on your behalf.

We designed it to maximize profits and help you minimize your risk exposure while trading crypto. Here are some of the ways the bot can help with risk management:

• Automated Trading with AI deep-learning techniques

The trading strategy works for you. This minimizes your risk exposure by removing emotions from the trading process. You don’t have to worry about making impulsive decisions based on emotions.

• Adjustable Buying Power

It come with an customizable Buying Power tool that helps you better manage your spending. The bot is great for all occasions and traders, so we recommend setting a buying power comfortable to your own personal taste. 

• Transparent data

At DipSway we believe that the bot results must be transparent. For this reason we created a crypto-pair performance table that is automatically updated every month. This table displays the best performances of the assets that were traded by our AI bot during the previous month. See table here.

Conclusion

Risk management is an art to master as a trader and the DipSway bot is our solution if you’re someone who cannot follow the market and wants to make the most profitable trades without thinking too much. Also, If you feel like a bad season is about to hit the crypto industry, DipSway can help you manage the downfall of your assets.

To see the results clients are having with DipSway, log in and take a look to the bots table performances!

If you’re interested in how AI can help you along your crypto journey, here’s a blog about that: https://dipsway.com/blog/why-you-need-ai-in-your-crypto-bot