Risk management is a process of identification and evaluation of risk with the following selection of course of actions proceeding from available alternative scenarios of further events. Target function is a reduction of dispersion of company value (but not maximization of company value). It could be characterized with the following aspects:
Arbitrary operations and hedging operations:
Trading is a business, a great business, but it is nothing more than a business, and should be regarded primarily as such. You do not have to be a genius or to have special numerical abilities to be successful in trading. Trading is not a science, art or religion. It is only a discipline, necessitating a conscious orientation to do the same thing again and again. There is no other business in the world similar to trading.