Consistency is the Key to Success for a Good Trader

What is it that makes a good trader? Well, I guess at the end of the day the best way to find a good trader, is that he or she is the one that walks away consistently with the most money. Now as with any trade, a trader is only going to be as good as the tools that he has and his disposal. A very good tool can be found at Probably the number one key that a trader needs to have is knowledge. Knowledge of what certain trends are in the market, and an understanding of how these trends affect their ability to make a profit.

Good traders do not necessarily believe that their success is connected to good luck. In fact they believe, and they are truly convinced that their successes and their failures come from either hard work and good research, or a lack of hard work and poor research.