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BankrollMob Poker News

oct
19

ThePokerTrader.com Poker vs. Trading

Tags: bankrollmob.com, financial trading, no deposit bonus, poker, thepokertrader.com.
Posted on 19 October 2011 by "M".

thepokertrader

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:

ONLINE POKER ONLINE 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!


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5 comments for "ThePokerTrader.com Poker vs. Trading"

 Fakiry20/10/2011 10:54:36 GMT
Some concepts of poker can be very similar to the concepts used in financial trading, but in practice, things work very differently. I think some training is required before placing the poker players to invest in equity markets. If the aim of the site is to teach the players before "throwing them to the beasts" - even if after they put them to invest in the stock market -, it seems very positive for me. Do not forget that pocket AA also loses...
By the way, I am telling you this but I will definitely want to try this out, so those who think it can be a good bet go for it. After all, it’s a free start!
 lukasb20/10/2011 11:45:40 GMT
Honestly i see no similarities between poker and trading, both have rules of their own and that's the only thing they have in common. to me all the rest is like comparing tennis and football, they are both played with a ball but from there to call them similar its quite a step.
To me all this sounds a bit fishy... in the end its everyone's personal decision but for me i think i'll let this one pass.
 Flippedchips20/10/2011 11:50:31 GMT
i think the only thing it comes close to each other is in a very basic way of you have to risk money to make money, like knowing when to fold you need to know in trading when to get out
 pokertrader20/10/2011 16:14:46 GMT
We agree 100%

There are seminars and live trading sessions twice a week. There is a seminar on Interader tonight on trading psycology! Tune in and check it out 8pm UK time.

TPT

------------
Again of course it is different, but the edge and rules you need to aply are the same as poker.

I speak from expeerience as I have done them both!

Again like you say its down to individuals. You pay and you play the game that suits you!

TPT Cool
 SuperNoob22/10/2011 14:05:59 GMT
i think saying poker and trading are similar is taking it too far.
poker is more focused on individual opponents while trading is more on the market trends.
both do share some features though

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