Minimizing risk is a priority for many investors and traders. Even if your risk tolerance is high, you'll still, in some way, weigh the risk of your investments versus the payoff. However, there's more to risk management than simply choosing less risky trades or investments. A comprehensive toolset of risk management strategies is available, many of which are suitable for beginners, too.What is risk management?Risk management entails predicting and identifying financial risks involv...