The Buddhist Integration for Risk Management and Decision-Making for the Investment in the Online Financial Markets
This article is part of the dissertation entitled “The Buddhist Integration for Risk Management and Decision-Making for the Investment in the Online Financial Markets.” This is a qualitative research consisting of 3 objectives: 1) to study the risk management and decision-making in the online financial markets, 2) to study the Buddhist teachings that promote risk management and decision-making in the online financial markets, and 3) to integrate the Buddhist teachings with the risk management and decision-making for the investment in the online financial markets.
From the study, the research has proposed the model of the Triangles of Success comprising Mindfulness (Sati), Concentration (Samādhi), and Wisdom (Paññā) for integrating with the risk management and decision-making. The application of Mindfulness together with Concentration could help to identify the risks while the application of Wisdom together with the Buddhist teachings could help to reduce the risks of decision-making on the price prediction of commodity from using the indicator or mathematical calculations; this is because the investment in the online financial markets has a high risk and fluctuates throughout 24 hours. To make profits from Foreign Exchange markets, it is neither difficult nor easy. It depends on a person’s mindfulness and the control of mind in making investment decisions. The risks are present at every moment of investment starting from the pre-investment, during the investment and post-investment. Therefore, mindfulness is the only way to avoid negligence. Only one mistake could lead to loss and damage to the investment.