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How is Poker like Trading? http://www.financial-spread-betting.com/Trading-chess-poker.html PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE! And what can professional poker players teach us about trading? Is it worth to learn poker before trading? Let’s look at the similarities between profitable day traders and professional poker players.
What can we learn from trading and poker? Why do trading firms recruit poker players? In what ways are poker and trading similar
Let’s first look at the synergies between poker and trading. Poker and trading – there are actually a lot of similarities. When poker was in its boom days prop firms would trawl thru the online poker forums trying to stalk people who were good at playing poker and trying to get them to try their hand at trading the markets. They did that because of many reasons some of which we mention below.
Do you have what it takes to successfully trade the financial markets? Is playing poker or trading the stock market a skill? We know that good traders and poker players can make quick decisions based on incomplete information.
1) Risk – people who are playing poker understand risk. You have to risk in larger sizes when you know you have a good chance of success.
2) Bet size.
3) Patience. when you are playing poker you are waiting for your good hands. You don’t want to get involved just for the action.
4) Self-control. Similar to patience but keeping composure and controlling your emotional swings. being aware when you’re on tilt or emotionally driven
5) Multi-variables – you can have the best trading setups yet still lose. In poker and trading there are so many variables that can affect the outcome of your trades.
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Source: YouTube
I was a poker player before a trader and I noticed a lot of similarities esp money management and risk/reward.
More of this, Mark
well done
Trading helped my poker game, but poker did not help my trading.
Poker could really help traders foster skills that could prove very helpful within the trading arena. Would definitely recommend playing poker, it better than chess, in the sense of trading.
Exactly what i was talking about the other day
Pro Player (Poker) for over 12 years now – currently, i'm mid stakes REG (HU)- it's getting harder and harder every year
-> for example: today i know 2-3 times more than 5years ago but earn 3x less :F. I think more often about changing the industry.
NΓ£o sei falar inglΓͺs mas adorei o vΓdeo
Ive been a trader for 18 years and began playing poker much later to specifically help improve my trading. So much cross over between the two games/ecosystems. They defintely compliment each other in helping one get better at the other.
You can't bluff the markets…