Thread: Forex vs Poker

Hello, my friends.

This weekend I was involved marginally to Poker sector and was surprised how similar it is to Forex industry.

Few common things:

Let's start from the start:

- Services give you great deposit bonus up to 200 percent
- You can play on multiply accounts at the exact same moment.
- tens of thousands of egies and approaches the way to create money.
- Poker EAs also exist!

What do you think?

Josef

Originally Posted by ;

Hello, my friends.

This weekend I was involved marginally to Poker industry and was amazed how similar it's to Forex industry.

Few frequent matters:

Let us start from the start:

- Services offer you excellent deposit bonus up to 200%
- You can play multiply accounts at the exact same time.
- Thousands of egies and approaches how to create money.
- Poker EAs also exist!

What do you think?

Josef

The only parallel I could draw between poker and forex is that both require good risk management skills. It's money down the drain.

Originally Posted by ;

The only parallel I can draw between poker and Currency Market is that both require good risk management skills. Without that, it's money down the drain.

Agree. However, Poker Rooms and Forex brokers utilize exactly the exact same, almost exactly the very same tools to acquire more customers.

P.S Once I was posting this thread, I wanted to place it in Trader discussion folder, but posted it here, coz I think it fits here . Am I correct?

You cannot play with poker on accounts. Poker sites conduct ID checks that are random and if you're caught with more than one account you'll be banned for life. They will freeze your account and you wont get your money back.

Same with using poker EAs - you'll be banned if caught, but poker bots cannot beat thinking human players anyhow.

Deposit bonuses must be cleared through routine play - to make a $200 deposit bonus that you would have to play with nl25 or nl50 daily for a few months. And you will wash out long until you clear the incentive.

Originally Posted by ;

You cannot play poker multiple accounts....

The same as with Broker bonuses. - Appear here.

Https://www.forexsoutheast.asia/cryp...avior-mt4.html

I had been talking about not multiply accounts - about table.

P.S Numbnuts, looks as if you're familiar with this stuff.

Originally Posted by ;

Agree. But Poker Rooms and Forex brokers use the exact same, almost the very same tools to acquire more customers.

Not only that, but I have seen Forex brokers advertisements through poker tournaments. I see no other motive aside from marketing to a personality type.

Many who make a living promoting affiliate progr focus specifically on 3 things. Poker, FX and ahem. . .pornography.

Originally Posted by ;

P.S When I was submitting this thread, I wanted to place it in Trader discussion folder, but posted it here, coz I think it fits here better. Am I correct?

That is not for me to pick.

Originally Posted by ;

Not only that, but I have seen Forex brokers advertising through poker tournaments. I see no reason aside from marketing to a personality type that is similar.

Many who make a living promoting affiliate progr focus specifically on 3 things. Poker, Currency Market and ahem. . .pornography.

I didn't know that. It makes sense.

Yeah I am familiar with this stuff, poker pays for my own Currency Market habit

It is fairly possible to play against people who are much better at poker than you are, but win based purely on money management. Poker players don't understand money management like a studied Forex practitioner. Money management is absolutely key of' gaming' in any kind.

I have harped on this before, but in case you have not read Trade your way to financial freedom by Van Tharp, do yourself (and your own poker game!) A favor!

Mark

Originally Posted by ;

It's quite likely to play against people who are better at poker than you are, but still win based only on proper cash management. Players do not understand money management just like a well studied Forex practitioner. Money management is crucial of' gambling' in almost any kind.

I have harped on this before, but in case you have not read Trade your way to financial freedom by Van Tharp, do yourself (and your poker game!) A favor!

Mark

Not Correct. Good poker players know money management as well since some of the traders.