Whether you are trading forex or playing poker. 1. Patience. Patience is the most essential aspect when it comes to playing poker. Waiting for the right face cards while at the same time watching the blinds eat into your chips can be intimidating. Knowing the best hands to play and calling or raising accordingly requires a Estimated Reading Time: 5 mins 16/04/ · Yes, there are a lot of similarities between poker and forex. I played online poker before getting involved with forex and the mindset and skills I learned in poker has transferred very well to my trading 29/10/ · i think that there is a big difference between poker and forex because with poker is not a business but it is a game and forex is a business, poker depends mainly on luck in most cases but forex depends on rules and in forex we need a plan and strategy to be able to trade, but they may similar in something which is both have a big risk
Forex and Poker : The Differences and the Similarities!!..
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Page 3 of 4 1 2 3 4 Page Results 21 to 30 of Thread: What is the relationship between forex trading and Poker? Thread Tools Show Printable Version Email this Page… Subscribed to this Thread … Subscribe to this Author. grasper View Profile Find all posts Private Message Visit Homepage. I am:. Please select a category to choose from: - Cancel.
Subscribe Subsribed 1 sportloto. In the professional sense, there is no known relationship between the poker and the forex trading. The forex trading is dealings with the buying and selling of currencies, and it is listed in the world financial market trading. Banks and other reputable organisation and financial firms are engaging in forex trading, they are even contracting their services out for forex is similar to poker, and it is acceptable everywhere in the world.
Forex traders will read books, forex is similar to poker, train with demo, and they will know how to analyse the market before they proceeds to know how they will be managing their trades, and they will have to apply the right disciplined and other good psychological function to their trading, this makes trading real and reasonable.
This indicates that forex traders are not only trading, they are also responsible account managers at the same time. Forex traders will speculate the forex market before choosing a position, they don't gamble with their money. Thanks Increase your income in partnership with InstaForex. kashifrehman View Profile Find all posts Private Message. Subscribe Subsribed 0. This post is sponsored by a content payout program available to anyone to participate. A trader who do nto learn to trade for him poker and trading both remain same because without learning the chances of winnings remain equal to the losses so it becomes gambling like poker.
Thread: kashifrehman's - Trading journal. Thanks Get bonuses! binary2 View Profile Find all posts Private Message. I am: Poker is a game of cards which is associated with betting and has defined a set of rules. There are many types of Poker with a lot of variations as for example the way the cards are hand out or which is the winning hand.
The Similarities between forex trading and poke See also: Invest in the most successful traders. Thanks We value expert opinion. lacogec View Profile Find all posts Private Message. There is no much relationship between the forex business and the poker, both of them qr from different forex is similar to poker, although some people have advised that before we can understand money management and probability in the forex market then we should first learn about how to play poker.
this is basically okay because when you trade the forex market without money management and some form of probability understanding, you might see the forex market with a wrong approach, forex is similar to poker, poker is a sport though, all these things in life are related on many ways, but the demo account is just what you should concentrate on, I think that learning about poker is the foundation we forex is similar to poker to understand this market.
Lacogec Trading Strategy Journal, forex is similar to poker. Thanks Forex trading with InstaForex is the choice of professionals. Shollybright View Profile Find all posts Private Message. In poker, there is a wealth of software for in-game analysis. You can use such tools to forex is similar to poker your strategy and playing tendencies to see if they have a positive expected value over a large number of hands.
Ultimately though, poker is a complicated game and you will need to actually play a lot of hands to see if your strategy holds up, or if you can even reasonably implement it. Verifying your edge in trading is quite similar. There are tools like AmiBroker, sophisticated python libraries, and datasets, forex is similar to poker, all of which can help you backtest your trading strategy to verify its validity. Again though, you�re going to have to actually forward test the strategy by trading it.
Thanks The author of this post trades with InstaForex. marshal17 View Profile Find all posts. Poker players and Forex traders need to share the same key elements in order to succeed. So what qualities must a poker player and a Forex trader share to make them successful in each career? In this article we are going to cover the common grounds between the successes in two professions and discover why an accomplished Poker player would make a good Forex Trader, and vice versa.
They Both Know That Managing Stress is Crucial If �fear is the mind killer� then stress is most definitely the career killer � whether said career be in card games or foreign exchange. With stress comes panic, and with panic comes poor decision-making. And when large amounts of money are on the line, making a bad decision fueled by negative emotions is the last thing you want to do. One forex mistake could cost you all your chips, or all your trading capital!
It�s about conditioning yourself to have that level of self-control. Poker players need to know when to fold �em and Forex traders need to know how to apply positive money management techniques to their trading, something that is heavily discussed in the Price Action Protocol Trading Course.
Traders and players each need to do so in a manner that�s calm, forex is similar to poker, cool, and collected, forex is similar to poker.
Their emotions need to be in check at all times, neglecting to do so will lead to certain failure. Never risk losing it all just to break even. Don�t charge in guns a-blazin�.
Forex или Покер? Forex or Poker? Что общего у форекс трейдера и игрока в покер?
, time: 58:48What Forex Traders Can Learn From Betting Games - The Tokenist
05/07/ · The best poker players have mastered the art of controlling emotions because showing apprehension or excitement at the table can tip off their opponents. As traders, we must strive to do the same. There you have it — forex is similar to poker things traders can learn from poker players, forex is similar to poker. But be careful not to treat Whether you are trading forex or playing poker. 1. Patience. Patience is the most essential aspect when it comes to playing poker. Waiting for the right face cards while at the same time watching the blinds eat into your chips can be intimidating. Knowing the best hands to play and calling or raising accordingly requires a Estimated Reading Time: 5 mins 11/03/ · A reliable poker player should know exactly what to do, when, and how to do it when he is dealing with the card in front of his eyes. The same attitude should also be displayed by forex trader
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