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Tuesday 29 August 2017

What can we learn from poker?

It can be said that poker players have qualities that can fit into the world of forex trading. Risk management is one of them.
In a poker game, the player strives to increase his balance by making calculated bets based on his cards. Like in Forex, the goal is to increase your capital by risking some of it.
In both cases, the trader needs to know what risk he can take to stay in the game. If he does with "all in", he will either raise his account several times or leave the table early, betting everything in the trading can lead to a blank account.
Apart from the importance of how much you risk, it is important to know when to risk. Poker players wait for good hands to risk. The same is valid for forex.

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