How Good Poker Skills Make You A Better Forex Trader

For those of you familiar with poker you might have noticed that many of the qualities and skills found in good poker players are often found in good traders. Both can be rewarding ways to earn money and both practices require a lot more internal control and skill than you might think. Let’s take a look at some of the top qualities of highly successful poker players and think about how they apply to Forex trading.

Key Takeaways:

• One of the key ingredients to achieving success in poker, just as with Forex, is having the discipline and the commitment to stick to a plan and avoid impulsive behaviour.
• Traders who risk too much might get lucky and win a few big trades, but it’s not sustainable.
• For those of you familiar with poker you might have noticed that many of the qualities and skills found in good poker players are often found in good traders. Both can be rewarding ways to earn money and both practices require a lot more internal control and skill than you might think.

“In both poker and the markets, you need to be able to assess the information quickly and make accurate, effective decisions.”

http://seekingalpha.com/article/4042618-good-poker-skills-make-better-forex-trader