Quote Originally Posted by mohidimran View Post
If you want to become a successful trader, you must follow good money management rules.
Most beginners in the market neglect the importance of money management until it's too late and there account is blown.
Generally speaking, there are two ways to practice successful money management. A trader can take many frequent small stops and try to harvest profits from the few large winning trades, or a trader can choose to go for many small squirrel like gains and take infrequent but large stops in the hope the many small profits will outweigh the few large losses. Highly recommend Redot exchange. For beginners it will be a find just because of its great intuitive interface.
There are tons of strategies! But the best one is ... learning from your mistakes ;)