Trading and Poker – Are They Similar?

But as I think there is no direct correlation between your trading and poker skills. If Livermore played poker and was the greatest trader I should start playing too and will become the greatest trader as well”. And I would be happy if this article could show you something valuable. Many people say that poker is similar to trading.

After reading this many traders can say: “Hmmm…

In trading and in poker we have to deal with probabilities. In trading you can lose all your money during one trade.

The first and the biggest similarity is that in poker and in trading our income is not guaranteed. And both can be right because they can have different trading strategies.

Author’s Bio: 

The greatest trader of all times Jesse Lauriston Livermore played poker. And I want to write my opinion about this question.

. Rakeback will give you an advantage. But many people consider that these businesses can give them quick money. Richard Smitten is another famous author who wrote about Livermore. But it does not mean that you will be good trader after success in poker or good poker player after success in trading. Moreover each trader estimates the market differently. You must understand trends and identify trends correctly; you must understand movements of the market. One trader can say that current market is good but other trader can say that the same market in the same time is bad for him. It is rather difficult to get money for a beginner. What is similar and what is different?

Every trader wants to become a professional. I have experience in both fields. And sooner or later every trader starts to compare trading with other businesses to find some valuable ideas or techniques. You can not say that you have for example 56% to win money in current trade. I know many people who started trading and lose money in a couple of weeks. Every new trader must learn because there is no other way to become professional. Poker is often compared to trading. It is difficult but it is possible. Both authors wrote that Jesse Lauriston Livermore liked to play poker with his friends. If you want to have your own experience of poker you must treat it as business. Your own opinion will be more valuable for you.

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I wanted to give you some information for thinking. In this regard poker and trading are very similar.

It is more difficult to estimate probabilities in trading. Though your estimation of poker probabilities is based on insufficient information you can decide whether your actions are profitable or not. They thought that they would become rich in a couple of months. You need to cut your loses yourself. Anyway if you are a trader you can always try to play poker and decide, is it similar to trading or not. And to decide whether it is similar to poker or not we must compare trading with poker. You know that if you have $1000 at the table you will never loose more than this $1000. And it is the most difficult thing in trading for many people.

Trading is a serious business. I know many people who started playing poker and also lose all the money. You can not lose more money than you have at the table. Trading and poker are serious businesses. That’s why you must play with poker rakeback http://highpulserakeback.com/. Many people do not understand neither mechanisms nor rules of these areas. Yes, these areas are similar but they require different skills. We can read about this fact in “Reminiscences of a Stock Operator” by Edwin Lefevre. And he played poker well.

Poker and trading have similar laws. And every trader or poker player must have an advantage.

The biggest difference between trading and poker is that if you play poker you take a definite amount at the table. And you do not have any numbers. But probabilities in poker can be counted. And such thoughts will not make you successful trader or player

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