We are happy to announce a new and exciting collaboration with one of the most successfull platforms for financial trading. ThePokerTrader.com has specialized in educating poker players and converting their already strategic way of thinking and skill based approach and turning them into winners on the financial markets.
By identifying the similarities between poker and financial trading, ThePokerTrader.com offers an opportunity to learn how to apply your poker skills in financial markets that trades $3.7 trillion dollars every day.
So what are the similarities?
The whole mentality of poker players is to get the edge, find the fish, and calculate possible risk and success in percentages terms. This translates directly into the kind of attitude and plan you needed to trade any financial product, from FX, to stocks, CFDs and futures.
Another major appeal of poker is the ability to play 24 hours a day, 7 days a week, there always seems to be a table to play at. Also the money involved is the biggest it has ever been with games to suit all budgets. Again, this translates directly to the financial markets and trading. The FX markets for example allow anyone to trade currency 24 hours a day 5 days a week.
The below poker terms parallels into financial trading:
|Strategy -The systems and rules you put in place to minimise risk and maximise profits.
||Analysis - Fundamental and technical analysis of information to trade and make profits.
|Rake - The amount taken out of every pot by the game provider.
||Spread - The amount taken by the market provider to pay for each trade.
|Rake back - The amount offered to players for loyalty and turnover.
||Rebates - The amount offered back to traders for volume of business.
|Bot - Short for "robot". A program that plays poker online with no (or minimal) human intervention.
||Black box - A computer algorithm that trades in the markets for profit.
|Bad Beat - To have a band that is a large urxierdog beat a heavily favored hand.
||Swings - To go with the market trend and still lose money.
|Table - Where you see and play your opponents.
||Platform - Where you see the market and the prices you wish to trade.
£50 Exclusive No Deposit Bonus for BankrollMob members!
That's right, the BankrollMob is giving you a chance to bring your poker skills to the financial markets - for free!
Click here and claim your £50 No Deposit Bonus!