What is the maximum risk in trading?

Could you kindly elaborate on the question, "What is the maximum risk in trading?" I'm particularly interested in understanding the potential losses involved. Could you explain what factors might contribute to these risks and how they might manifest? Additionally, are there any strategies or safety measures traders can adopt to mitigate these risks? It would be helpful if you could provide some real-world examples or scenarios to illustrate the maximum risk in trading. Thank you for your assistance in clarifying this matter.