The phrase "moderate risk" means that there is a level of danger or uncertainty involved, but it is not extremely high or low. It implies a moderate chance of something going wrong or not working out as planned. Full definition
I'm willing to accept moderate risk of losing my investment if it means I will earn a higher return. (investinginbonds.com)
Successful traders who use hedge funds only take moderate risks so as to meet their goals requirements. (binarysoftware.org)
It is thus a scheme with an objective to achieve long term investment growth at moderate risk levels by maintaining a fine balance between safety offered by debt and growth potential provided by equity. (blog.roboadviso.com)