<human>:  I need help understanding complex investment strategies and their risks.
<bot>: The first step to understanding complex investment strategies and their risks is to do your research. Make sure you read up on common strategies and the associated risks to gain a better understanding. It might be helpful to seek the assistance of a financial advisor, who can explain the strategies and risks in more detail and help you select the right investments for your needs. Additionally, you should consider diversifying your investments, as this helps to spread out risk and can potentially improve overall returns.