Dar es Salaam, Oct. 30 -- Consistency in trading is a concept that is commonly misunderstood. Some newbies confuse it with always being profitable, always entering positions at the right time, and being able to forecast all the market moves. Consistency for professional traders is something else. It is not about winning every single trade but rather following a proven system and making decisions that could be assessed and improved upon.

The markets are unpredictable by definition. Prices change based on economic data, expectations of the central banks, geopolitical factors, liquidity changes, and the sentiment of the investors. Nobody can influence these things. The only thing traders can influence is their level of preparedness and disc...