Undoubtedly, having knowledge is crucial to become a successful trader. The knowledge of technical and fundamental analysis is important for studying charts and companies but the major factor to become successful in stock market is risk management. Risk management helps to minimize losses in the market and decides your risk taking capacity, using stop loss protects from major losses. To become profitable, first you need to control your losses. No knowledge can make you consistently profitable unless you follow the risk management in stock trading.
