Forex Trading Versus Poker
Whilst poker can be fun, it can also be all
down to luck; you can't decide which cards you get of course and so
although there is some skill involved in poker, for example some poker
players will bluff their way to gains, there is a lot of chance in
poker. Forex trading on the other hand, is a legitimate investment
opportunity; you are fully in control of where you put your money. You
can also effectively limit the risks that come with this particular type
of trading and if you take a real professional approach, work hard and
practice a lot, you can make consistent profits in the long run almost
guaranteed. With Forex trading, you get much more control and are
basically much more able to make profits, provided that you work at it.
Some people participate in poker games for the thrills though and not just for the gains. If you are a poker player or are considering getting into poker, you might think that Forex trading sounds pretty boring in comparison, but it isn't. The Forex market has only been open to retail traders and investors since the 1990s and it is generally very modern. There are plenty of Forex brokers with powerful trading platforms that have lots of built-in features, many of which allow Forex traders to have a lot of fun and experience a lot of enjoyment. There are also social Forex trading networks, which some brokers run themselves, that allow you to copy the best traders. This allows you, in turn, to make a lot of money whilst having fun and not having to work too hard. Poker is just a game and always will be the same. Forex trading on the other hand, is evolving and there are so many options, alternatives and possibilities.
Poker players can actually make good Forex traders too, believe it or not. If you are a poker player, you should definitely try your hand at trading currencies. If you're not doing very well with poker, you might want to try an actually legitimate form of investing. If you're an experienced poker player though and are making some profits, you really should consider trading currencies, because as a successful poker player, you will actually have traits similar to professional Forex traders.
The following qualities are common among good poker players:
- Fast, strong and accurate decision making skills
- Disciplined
- Versatile, dynamic and able to respond to change
- Capable of taking, accepting and managing losses effectively
- Competent when it comes to math
- Solid self-confidence.
There are also many other qualities that poker players and Forex traders share. Whilst you can get rich playing poker, you can also get rich trading Forex. The latter is arguably the better option out of the two. Some of course would disagree, but you just have to think: do you want to invest or do you want to simply gamble with your money?
In conclusion, Whilst Forex trading and poker are quite different, they do share some similar qualities. Forex trading arguably does comes out on top though. If you are looking to get started with one or the other but aren't completely sure which one you should go with, then Forex trading would again have to arguably be the better option to choose overall. Just remember though, regardless of which opportunity you try, if you just dive in and don't have any plan or strategy you won't make any money at all. Always be responsible, regardless of whether you are gambling or investing, unless you're just looking to have some fun and have some money to blow.
Some people participate in poker games for the thrills though and not just for the gains. If you are a poker player or are considering getting into poker, you might think that Forex trading sounds pretty boring in comparison, but it isn't. The Forex market has only been open to retail traders and investors since the 1990s and it is generally very modern. There are plenty of Forex brokers with powerful trading platforms that have lots of built-in features, many of which allow Forex traders to have a lot of fun and experience a lot of enjoyment. There are also social Forex trading networks, which some brokers run themselves, that allow you to copy the best traders. This allows you, in turn, to make a lot of money whilst having fun and not having to work too hard. Poker is just a game and always will be the same. Forex trading on the other hand, is evolving and there are so many options, alternatives and possibilities.
Poker players can actually make good Forex traders too, believe it or not. If you are a poker player, you should definitely try your hand at trading currencies. If you're not doing very well with poker, you might want to try an actually legitimate form of investing. If you're an experienced poker player though and are making some profits, you really should consider trading currencies, because as a successful poker player, you will actually have traits similar to professional Forex traders.
The following qualities are common among good poker players:
- Fast, strong and accurate decision making skills
- Disciplined
- Versatile, dynamic and able to respond to change
- Capable of taking, accepting and managing losses effectively
- Competent when it comes to math
- Solid self-confidence.
There are also many other qualities that poker players and Forex traders share. Whilst you can get rich playing poker, you can also get rich trading Forex. The latter is arguably the better option out of the two. Some of course would disagree, but you just have to think: do you want to invest or do you want to simply gamble with your money?
In conclusion, Whilst Forex trading and poker are quite different, they do share some similar qualities. Forex trading arguably does comes out on top though. If you are looking to get started with one or the other but aren't completely sure which one you should go with, then Forex trading would again have to arguably be the better option to choose overall. Just remember though, regardless of which opportunity you try, if you just dive in and don't have any plan or strategy you won't make any money at all. Always be responsible, regardless of whether you are gambling or investing, unless you're just looking to have some fun and have some money to blow.
Article Source: http://EzineArticles.com/?expert=Matthew_Vint
Hello Everybody,
ReplyDelete"Which Forex pair and time frame is best to trade" is the frequently asked question and I want do give you the EXPLICIT ANSWER in this comment.
Are you expecting that I am going to say something like EUR/USD on 5-minute time frame or GBP/USD on weekly...? No, it is not so simple, but SIMPLE ENOUGH we can figure it out!
The "DIFFICULTY" is that markets change over time. If EUR/USD was a well trending currency pair a few years ago, today it is another one.
I actually want to let you know about a SPECIAL TOOL that I use to find the BEST TRENDING PAIRS among all the Forex pairs.
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The software inspects 34 Forex pairs on all time frames from minute to monthly. This way you pick the best trending pair and time frame at the current time.
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