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Reasons Poker Players Make Great Forex Traders

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  #1  
Old 13-08-2011, 11:39
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Default Reasons Poker Players Make Great Forex Traders

Two cards face down and a Queen sitting on the river in a dimly lit, smoky room. Two men face off even though neither of them looks the other in the eye. They are intently focused on the dealer as the last card is casually flipped out of his hand and dealt. Who will win? Who will earn the coveted pot? And more importantly, what has separated these two men from the rest of the people who were once seated at the same table?

Poker is arguably the most popular game of chance in modern gambling. Its popularity has seen unprecedented heights over the last decade with tournaments frequently broadcast on major cable channels such as ESPN. Many people have become familiar with the famous poker stars of today, who have become household names.

What makes these well known poker players great? Would these talents translate to other ventures? We think so. In fact we think that we’ve found the perfect alternative occupation for skilled poker players. The answer is Forex trading.

Forex is the trading of different countries’ currencies in order to gain profits. Poker players possess many of the same attributes of a good Forex Trader.
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  #2  
Old 29-09-2011, 07:39
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Default Re: Reasons Poker Players Make Great Forex Traders

:eek: :confused: :rolleyes:

sir, no not all!!!

Forex Trading is no chance at all like a game of poker!!!

You have to put to use a lot of technical tools in order to b successful, whereas in poker its just to hide your sentiments & read others' sentiments.(who are physically sitting in front of u)

in forex , its a global market! i can't go to read every one's face/reaction, sir!!

forex is analytical, not a chance or betting game (at least not for people like me who put in their hard-earned money).

the co-relation could be used as a basis of explanation of forex trading & a game of poker but in real terms...its way apart!
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  #3  
Old 30-09-2011, 07:24
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Default Re: Reasons Poker Players Make Great Forex Traders

Really good relation but actually must be true because after all both required a technique to play with money. ;)
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  #4  
Old 05-11-2011, 17:07
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Default Re: Reasons Poker Players Make Great Forex Traders

Good Poker player needs very good short time memory, trading does not. If you know Go game and KNOW trading, they're most related games.
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  #5  
Old 08-12-2011, 00:34
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Default Re: Reasons Poker Players Make Great Forex Traders

poker vs trading is very complicated stuff...i mean trading is nothing like a casino and to compare it to those types of games our minds typically jump to the gambling aspect...but you can use risk reward concept to both...good poker players know how to fold, they don't chase...and good traders cut losers quickly, not like amatuers that chase the markets all the time!
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  #6  
Old 08-12-2011, 00:36
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Default Re: Reasons Poker Players Make Great Forex Traders

i do have to say that I do enjoy playing poker in my spare time though :D guilty...
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  #7  
Old 15-08-2023, 14:26
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Default Re: Reasons Poker Players Make Great Forex Traders

Poker is just a game that usually plays little kids so don't compare anything with Forex trading cause here anyone can earn huge with just a little money. I saw my friends earn more than $1,000 from FreshForex broker.
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  #8  
Old 19-08-2023, 09:50
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Default Re: Reasons Poker Players Make Great Forex Traders

Are you starting up your trading career? If so then make the very first step right, and that of selecting a reliable, trustworthy and genuine broker. It is where FXOpulence comes in. The name associated with finest quality, regulated by ASIC, with rapid deposit/withdrawals, and countless favorable trading conditions.

You can begin with as low as 100 USD, yet have finest conditions to trade with, so be part of the future, be part of FXOpulence, where you come FIRST!

Further Details At: https://www.fxopulence.com/

#FXOpulence #Forextrading #digitaltrading #ASICregulated
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  #9  
Old 20-08-2023, 01:05
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Default Re: Reasons Poker Players Make Great Forex Traders

Are you starting up your trading career? If so then make the very first step right, and that of selecting a reliable, trustworthy and genuine broker. It is where FXOpulence comes in. The name associated with finest quality, regulated by ASIC, with rapid deposit/withdrawals, and countless favorable trading conditions.

You can begin with as low as 100 USD, yet have finest conditions to trade with, so be part of the future, be part of FXOpulence, where you come FIRST!

Further Details At: https://www.fxopulence.com/

#FXOpulence #Forextrading #digitaltrading #ASICregulated
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  #10  
Old 22-08-2023, 10:09
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Default Re: Reasons Poker Players Make Great Forex Traders

Are you starting up your trading career? If so then make the very first step right, and that of selecting a reliable, trustworthy and genuine broker. It is where FXOpulence comes in. The name associated with finest quality, regulated by ASIC, with rapid deposit/withdrawals, and countless favorable trading conditions.

You can begin with as low as 100 USD, yet have finest conditions to trade with, so be part of the future, be part of FXOpulence, where you come FIRST!

Further Details At: https://www.fxopulence.com/

#FXOpulence #Forextrading #digitaltrading #ASICregulated
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  #11  
Old 23-08-2023, 16:49
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Default Re: Reasons Poker Players Make Great Forex Traders

Are you starting up your trading career? If so then make the very first step right, and that of selecting a reliable, trustworthy and genuine broker. It is where FXOpulence comes in. The name associated with finest quality, regulated by ASIC, with rapid deposit/withdrawals, and countless favorable trading conditions.

You can begin with as low as 100 USD, yet have finest conditions to trade with, so be part of the future, be part of FXOpulence, where you come FIRST!

Further Details At: https://www.fxopulence.com/

#FXOpulence #Forextrading #digitaltrading #ASICregulated
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  #12  
Old 24-08-2023, 08:38
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Join Date: Oct 2013
Posts: 358
Default Re: Reasons Poker Players Make Great Forex Traders

Quote:
Originally Posted by fixbroker View Post
Two cards face down and a Queen sitting on the river in a dimly lit, smoky room. Two men face off even though neither of them looks the other in the eye. They are intently focused on the dealer as the last card is casually flipped out of his hand and dealt. Who will win? Who will earn the coveted pot? And more importantly, what has separated these two men from the rest of the people who were once seated at the same table?

Poker is arguably the most popular game of chance in modern gambling. Its popularity has seen unprecedented heights over the last decade with tournaments frequently broadcast on major cable channels such as ESPN. Many people have become familiar with the famous poker stars of today, who have become household names.

What makes these well known poker players great? Would these talents translate to other ventures? We think so. In fact we think that we’ve found the perfect alternative occupation for skilled poker players. The answer is Forex trading.

Forex is the trading of different countries’ currencies in order to gain profits. Poker players possess many of the same attributes of a good Forex Trader.
Poker players are good at understanding risk and human psychology, even complex FX market is sometimes subject to manipulations which poker players could recognize and take advantage of.
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  #13  
Old 28-08-2023, 17:17
Level V Lasers Member
 
Join Date: Jun 2015
Posts: 755
Default Re: Reasons Poker Players Make Great Forex Traders

Are you starting up your trading career? If so then make the very first step right, and that of selecting a reliable, trustworthy and genuine broker. It is where FXOpulence comes in. The name associated with finest quality, regulated by ASIC, with rapid deposit/withdrawals, and countless favorable trading conditions.

You can begin with as low as 100 USD, yet have finest conditions to trade with, so be part of the future, be part of FXOpulence, where you come FIRST!

Further Details At: https://www.fxopulence.com/

#FXOpulence #Forextrading #digitaltrading #ASICregulated
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  #14  
Old 29-08-2023, 10:08
Level V Lasers Member
 
Join Date: Jun 2015
Posts: 755
Default Re: Reasons Poker Players Make Great Forex Traders

Are you starting up your trading career? If so then make the very first step right, and that of selecting a reliable, trustworthy and genuine broker. It is where FXOpulence comes in. The name associated with finest quality, regulated by ASIC, with rapid deposit/withdrawals, and countless favorable trading conditions.

You can begin with as low as 100 USD, yet have finest conditions to trade with, so be part of the future, be part of FXOpulence, where you come FIRST!

Further Details At: https://www.fxopulence.com/

#FXOpulence #Forextrading #digitaltrading #ASICregulated
Reply With Quote
  #15  
Old 01-09-2023, 02:09
Level V Lasers Member
 
Join Date: Jun 2015
Posts: 755
Default Re: Reasons Poker Players Make Great Forex Traders

Are you starting up your trading career? If so then make the very first step right, and that of selecting a reliable, trustworthy and genuine broker. It is where FXOpulence comes in. The name associated with finest quality, regulated by ASIC, with rapid deposit/withdrawals, and countless favorable trading conditions.

You can begin with as low as 100 USD, yet have finest conditions to trade with, so be part of the future, be part of FXOpulence, where you come FIRST!

Further Details At: https://www.fxopulence.com/

#FXOpulence #Forextrading #digitaltrading #ASICregulated
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  #16  
Old 01-09-2023, 08:41
Level IV Lasers Member
 
Join Date: Oct 2013
Posts: 358
Default Re: Reasons Poker Players Make Great Forex Traders

Poker players often make great forex traders because they share key skills like risk management, discipline, and the ability to read patterns. Both require a cool head under pressure and a knack for making calculated decisions. So, if you're into poker, you might find forex trading a natural fit!
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