Forex vs online poker
The stakes are as high as the tension in the room. Forex trading or professional poker playing? So what qualities must a poker player and a Forex trader poker to make them successful in each career? In this article we are going to cover poker common grounds between the successes in two professions and discover why an forex Poker player would make a good Forex Trader, and vice versa. 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! Their emotions need to be in check at all times, neglecting to do so will lead to certain failure. True professionals never, ever, let emotions trump strategy, they know how to remain cool, calm and collected. With solid strategies in place, your chances of losing diminish; however, unlikely losses will always crop up. The same is true of Forex trading. All poker often, losing poker players will increase the stakes after a loss in an act of desperation to win their money back. Newbie or similarly undisciplined Forex traders often make similar mistakes: Is this what you look like when you lose? Forex trading is a business. If a shop owner neglected his store and just expected customers to pour in and purchase goods, then the business is going to fail. These traders are kidding themselves and wash out very quickly. Poker playing and especially Forex trading is a journey. And if it does occur, you can bet that they handed their instant wealth right back to the market thanks to overconfidence and lack of trading experience. Sometimes people need a Forex reality check with the expectations they have of the markets. Good traders know how to use risk management and positive money management skills — forex aiming to obtain more while risking less. This is what risk reward management is all about. By aiming for more than what is initially risked, players or traders can take more losses but still be a winner in the end. This is why we have included a very powerful money management system in the Price Action Protocol. Professional poker and foreign exchange trading may have a lot in common, but which career is better overall? You can probably guess our answer based on what this site is all about. But, we can back up our bias. Well to be fair to poker, it is a fun social event where Forex trading can be sometimes a lonely and isolated career. But we do favor Forex trading as the more professional career. The advantages of Forex trading are clear. We trade the markets using Price Action. This means we only need to use a plain price chart to be able to spot highly profitable low risk trading setups that can offer extremely good return on investment. If that sounds like you, then you might be interested in checking out our extremely popular Price Action War Room information page. In conclusion, poker players who make the switch to Forex trading often do incredibly well! Just look at our article on why James Bond — the king of Casino Royale! Dale Woods has been an obsessed Forex trader sincetrading from his home computer. Dale focused his energy into chart reading and technical analysis. War Room Login Support Desk About Us. Menu Home Forex Setups Latest Commentary Price Action Signals Articles Forex Trading Strategies Forex Trading Psychology Money Management MT4 Tutorials Indicator Autopsy Forex Beginners Course Video Tutorials The War Room Tools MT4 Battle Station Candlestick Price Action Indicator Custom Chart Generator Home Forex Setups Latest Commentary Price Action Signals Online Forex Trading Strategies Forex Trading Psychology Money Management MT4 Tutorials Indicator Autopsy Forex Beginners Course Video Tutorials The War Room Tools MT4 Battle Station Candlestick Price Action Indicator Custom Chart Generator. The Forex Guy's Trading Blog. Forex Trading vs Poker: Surprising Similarities Dale Woods June 25, Forex Trading ArticlesThe Forex Guy's Trading Blog Forex Comments. Poker players and Forex traders need to share the same key elements in order to succeed. With stress comes panic, and with panic comes poor decision-making. Never risk losing it all just to break even. Calm down Is this what you look like when you lose? The pros check their ego at the door and move on with grace. The Final Verdict Professional poker and foreign exchange online may have a lot in common, but which forex is better overall? Forex trading can be done from the comfort of online own home. Forex trading is more private. However, on rare occasions, you may come across dishonest poker players; or worse, dishonest dealers. Want to learn more about becoming a professional Forex trader. It would mean a lot to me if you could share it! Please Leave Your Comment Below About The Author Dale Woods Dale Woods has been an obsessed Forex trader sincetrading from his poker computer. Forex online Course Download Forex Course jQuery 'body'. About Contact Us About Dale Woods Wanted:
You wake up from fighting zombies or playing football in the Super Bowl for your favorite team.
On the other hand, artists are keeling over by the thousands every day and nobody seems to pay the least attention.
From Aristotle to Plato and Socrates, all these philosophers had different views concerning the manner in which people should live with themselves and with each other.