Individual investors or institutional investors face financial risks almost every day. Risk is a natural phenomenon in any financial transaction. The important factor is to prevent possible risks as much as possible and to minimize the loss of money or value by detecting the possible negative effects in advance. Especially, the recent volatility in exchange rates is a proof that legal entities should take the currency risk very seriously. Hedge strategies play a very important role in hedging methods. The priority for both individual and institutional investors is to protect their assets, capital or value. In order to protect against the risks that may arise, it will be more correct to make a profit and move on to profit realization after creating the right infrastructure. To give an example, the first step should be to be protected from inflation and exchange rate risk, which both individual and corporate personalities and even states struggle with. In fact, if we need to define financial risk in a more understandable way, we can emphasize it as the possibility of losing money or valuable assets in the investments (buy / sell transactions) made or to be made by legal or individual persons. For this reason, an accurate risk management is very important. Failure to manage risk and psychology properly after increasing the financial literacy rate and determining the right strategies may have unpleasant consequences in the future. It is an extremely important fact that both institutions and individuals determine the risk perception correctly and manage it seriously.