Managing risk is essential in any trade. Hence it is always been overlooked as a prerequisite for any active trade. A trader who has made substantial profits in many trades all through his life can loose it all in one or two trades, if the risk management is not so effective. This is why risk management is considered as an essential part of trading now. Especially in current market, risk management is must for a trader to safeguard himself from unstable market environments. This article is mainly to discuss on strategies to be used to save you from the market risks.