Play poker to train trading

[Betwrong]

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Yes, I agree with this but related to cryptocurrency, if you can choose the right coin, for example, bitcoin, you know you can make a profit from bitcoin, although you don't know when. I prefer to take any profit I can see than to hold for a long time but that if I don't have any clue for the coin that I have.

You can apply this strategy in poker as well. For example, playing Cash Games you can quit any time you want. You can win, say, 50% of your balance, and quit the table right away. It's possible to apply this strategy even playing in tournaments. If you see that you have won enough chips to take places that are paid in the end, you can stop playing, to get, although a small one, but still a prize in the end.

[logicgate]

Trading and poker are somehow related because of the strategy that you have to apply if you are in the actual game and if you trade.

Poker is not about luck because you need to be skillful, sometimes even how bad your cards is you can do something to improve it.

The same in trading you need plan, skills and strategy.

  I think there are striking similarities between gambling and trading crypto. It is like the duopoly competitions in the market and the monopolistic competition in both of which we have the game theory strategies and concepts. Poker teaches you to make the best out of a single move that could benefit you till the end of the game. In trading, you have to be the sharp guy because a mistake could lead you to loss of value.

[maydna]

IMHO the biggest lesson from poker is that you can't always win. Sometimes you have to take a small loss to save whatever remains of your investment. That you don't always have to "call".

Poker and crypto trading are two different things and should not be compared. If you want to a be good trading, focus on learning trading and not on Poker.  

The only thing which is similar and can be learnt in both poker and trading is the patience and controlling emotions. If you are able to overcome your emotions, for sure you can have big success in both poker and crypto trading.

For me actually both are good but we will have to focus on one side because it will not divert your attention, so first of all check your interest, then choose it, if you are good at trading spend your time and your money for trading, if you are good at gambling then gamble with your full concentrating and chose good game in this regard.

Isn't gambling more about luck than about skill? With trading, you'd have to calculative and understand the financial market, how does one become a better gambler? By "improving their luck"? lol is that even scientifically possible?

I don't think they can improve their luck because we know that luck only comes to the right person. So if that person doesn't qualify to get lucky, then he cannot get any winning. Besides that, gambling will only make us lose money than to get the money. But I don't think that if we can focus on gambling can give us a chance to win because no matter what we did, the luck still takes the important place in gambling. So it is not better if we try to make money from any gambling games because we have a risk inside the gambling.

[adzino]

Risk is there whether it's gambling or not, so if you're a risk taker probably learning to trade will be associated with gambling experiences. Expectations for any lucky wins for gambling were only for those amateurs, but for those veterans they only need fun time for their money. If you're lucky then that's destiny and not by any charms.

I beg to differ. The risk associated with gambling is not the same as the risks associated with trading. With gambling, you have no controlling factor. You have no prior knowledge about any event that could give you hints about the upcoming event. Like when placing a bet, you previous bets/client seed/server seed all these information are useless and won't help you in anyway with your current bet. But when trading, all previous information are extremely vital and can be used to reduce risks from future trading.

[Barbut]

Risk is there whether it's gambling or not, so if you're a risk taker probably learning to trade will be associated with gambling experiences. Expectations for any lucky wins for gambling were only for those amateurs, but for those veterans they only need fun time for their money. If you're lucky then that's destiny and not by any charms.

I beg to differ. The risk associated with gambling is not the same as the risks associated with trading. With gambling, you have no controlling factor. You have no prior knowledge about any event that could give you hints about the upcoming event. Like when placing a bet, you previous bets/client seed/server seed all these information are useless and won't help you in anyway with your current bet. But when trading, all previous information are extremely vital and can be used to reduce risks from future trading.

Risk is a risk in the end! They are different but in essence, it`s the same thing. I can`t agree with you about controlling factors in gambling too, you can`t think about gambling as one game, every game is different, every game has different factors. BlackJack, Poker, other card games are not the same as dices or roulette, all these games you can`t compare with slots. Previous bets are important, open cards on the table can help you to assume what cards are left in the deck and what you can expect... there are so many variations, I can`t explain to you all that in one comment, you need years in that to understand it.
You are wrong about one more thing, previous information`s about the project and price isn`t extremely vital, many times price dropped/raised without any visible reason.
Same as you can reduce risks in trading, there are ways to reduce them in gambling.
Skills, patience, knowledge are things needed for everything. You can learn them however you like, and you can use them later where ever you want.

[shoreno]

Poker can't be played without proper knowledge about the game, each move is important.

poker is not easy . i dont know how to play poker but i know how to trade even though i dont have any experience with real time trading    .

a small mistake in the price prediction will cause loss. So learning is a must that gives winning.

keep in mind that prediction is called prediction because its not accurate  . its  okay if you loose but whats more important is that you have gained your lesson  . a lesson that you should not be in a hurry when deciding  . learning is a must but we also need some luck to be able to win properly .

[Ucy]

IMHO the biggest lesson from poker is that you can't always win. Sometimes you have to take a small loss to save whatever remains of your investment. That you don't always have to "call".

Poker and crypto trading are two different things and should not be compared. If you want to a be good trading, focus on learning trading and not on Poker.  

The only thing which is similar and can be learnt in both poker and trading is the patience and controlling emotions. If you are able to overcome your emotions, for sure you can have big success in both poker and crypto trading.

For me actually both are good but we will have to focus on one side because it will not divert your attention, so first of all check your interest, then choose it, if you are good at trading spend your time and your money for trading, if you are good at gambling then gamble with your full concentrating and chose good game in this regard.

Isn't gambling more about luck than about skill? With trading, you'd have to calculative and understand the financial market, how does one become a better gambler? By "improving their luck"? lol is that even scientifically possible?

I do not totally agree with this.
A well trained skill-based gambler can actually make consistent wins.  I guess this is why very good poker players could be professional poker players.  There couldn't be poker players who are professionals  if poker playing is purely based on luck.
There are quite a number of gamblings that are skill-based too.

[maydna]

IMHO the biggest lesson from poker is that you can't always win. Sometimes you have to take a small loss to save whatever remains of your investment. That you don't always have to "call".

Poker and crypto trading are two different things and should not be compared. If you want to a be good trading, focus on learning trading and not on Poker.  

The only thing which is similar and can be learnt in both poker and trading is the patience and controlling emotions. If you are able to overcome your emotions, for sure you can have big success in both poker and crypto trading.

For me actually both are good but we will have to focus on one side because it will not divert your attention, so first of all check your interest, then choose it, if you are good at trading spend your time and your money for trading, if you are good at gambling then gamble with your full concentrating and chose good game in this regard.

Isn't gambling more about luck than about skill? With trading, you'd have to calculative and understand the financial market, how does one become a better gambler? By "improving their luck"? lol is that even scientifically possible?

I don't think they can improve their luck because we know that luck only comes to the right person. So if that person doesn't qualify to get lucky, then he cannot get any winning. Besides that, gambling will only make us lose money than to get the money. But I don't think that if we can focus on gambling can give us a chance to win because no matter what we did, the luck still takes the important place in gambling. So it is not better if we try to make money from any gambling games because we have a risk inside the gambling.

Risk is there whether it's gambling or not, so if you're a risk taker probably learning to trade will be associated with gambling experiences. Expectations for any lucky wins for gambling were only for those amateurs, but for those veterans they only need fun time for their money. If you're lucky then that's destiny and not by any charms.

Although you are a risk-taker, you need to know your chance to take the risk and don't gamble with the risk because you are not always getting what you want. And related to gambling, it is not worth if you use big money to gambling and risk your money to expect a big win. No matter if you are amateurs or veterans, you don't have to chase the win money and it is better to have fun and enjoy your time. But if you still want to chase the win money, you should know how much money you will use.

[Betwrong]

Some very strange approach to learn to trade.  Poker is a game of chance that can be played either for fun or for small conclusions.  Even to break the bank is not always obtained.

Poker is only partially a game of chance. Unlike most of other games, poker requires skills to win more games than you statistically can. It's true that you can be a winner within several games without any skills at all, but the more games you play the more obvious it becomes that skills matter in poker. Same goes for trading. Read this thread and you'll see that there are good reasons for regarding poker game as a training platform for trading cryptocurrencies.

[Ucy]

Risk is there whether it's gambling or not, so if you're a risk taker probably learning to trade will be associated with gambling experiences. Expectations for any lucky wins for gambling were only for those amateurs, but for those veterans they only need fun time for their money. If you're lucky then that's destiny and not by any charms.

I beg to differ. The risk associated with gambling is not the same as the risks associated with trading. With gambling, you have no controlling factor. You have no prior knowledge about any event that could give you hints about the upcoming event. Like when placing a bet, you previous bets/client seed/server seed all these information are useless and won't help you in anyway with your current bet. But when trading, all previous information are extremely vital and can be used to reduce risks from future trading.

With gambling, you have no controlling factor. You have no prior knowledge about any event that could give you hints about the upcoming event.

Reply to adzino

Depends on the kind of gambling. Sports betting for examples  allows one to have prior knowledge of past events, achievements or past skills to make a close predictions.
I think many skill-based gamblings(which sports betting is part of) are like this

[BUK2016]

Some very strange approach to learn to trade.  Poker is a game of chance that can be played either for fun or for small conclusions.  Even to break the bank is not always obtained.

Poker is not a game of chance rather a game of professionals and can be determine by what skills you have developed before gambling on poker casinos platform's. Poker is not as easy as dice games and others. I prefer to lean poker than to train on how to do binaries trades.

[Barracuda]

Some very strange approach to learn to trade.  Poker is a game of chance that can be played either for fun or for small conclusions.  Even to break the bank is not always obtained.

Poker is not a game of chance rather a game of professionals and can be determine by what skills you have developed before gambling on poker casinos platform's. Poker is not as easy as dice games and others. I prefer to lean poker than to train on how to do binaries trades.

That's the difference when playing Poker and trading. Of course this is very different. And everyone can do both but to get profits certainly not everyone can get easily. Playing poker certainly must have knowledge, if not, you will certainly lose money.

[Best Dreams]

IMHO the biggest lesson from poker is that you can't always win. Sometimes you have to take a small loss to save whatever remains of your investment. That you don't always have to "call".

Poker and crypto trading are two different things and should not be compared. If you want to a be good trading, focus on learning trading and not on Poker.  

The only thing which is similar and can be learnt in both poker and trading is the patience and controlling emotions. If you are able to overcome your emotions, for sure you can have big success in both poker and crypto trading.

For me actually both are good but we will have to focus on one side because it will not divert your attention, so first of all check your interest, then choose it, if you are good at trading spend your time and your money for trading, if you are good at gambling then gamble with your full concentrating and chose good game in this regard.

Isn't gambling more about luck than about skill? With trading, you'd have to calculative and understand the financial market, how does one become a better gambler? By "improving their luck"? lol is that even scientifically possible?

I do not totally agree with this.
A well trained skill-based gambler can actually make consistent wins.  I guess this is why very good poker players could be professional poker players.  There couldn't be poker players who are professionals  if poker playing is purely based on luck.
There are quite a number of gamblings that are skill-based too.

You have valid point mate, it is good if you learn from your mistakes as in gambling you will win and lose it is depending on your own self, if you gamble well you will win and it is not all about luck as only 20 percent of your winning depends on your luck otherwise it is skills based game, and if you are trading it is all about knowledge the more you will have the more you will profit.

[jrrsparkles]

Some very strange approach to learn to trade.  Poker is a game of chance that can be played either for fun or for small conclusions.  Even to break the bank is not always obtained.

Poker is not a game of chance rather a game of professionals and can be determine by what skills you have developed before gambling on poker casinos platform's. Poker is not as easy as dice games and others. I prefer to lean poker than to train on how to do binaries trades.

That's the difference when playing Poker and trading. Of course this is very different. And everyone can do both but to get profits certainly not everyone can get easily. Playing poker certainly must have knowledge, if not, you will certainly lose money.

not agreeing with your statement if enough knowledge needed to become a a most profitable in poker then someone can be a millionaire through playing poker itself and I don't think anyone make it just because of their knowledge they might have their strategy to beat the opponent's are there just enough lucky but in trading like you said enough knowledge will get you the profit you wanted.

[Best Dreams]

Some very strange approach to learn to trade.  Poker is a game of chance that can be played either for fun or for small conclusions.  Even to break the bank is not always obtained.

Poker is not a game of chance rather a game of professionals and can be determine by what skills you have developed before gambling on poker casinos platform's. Poker is not as easy as dice games and others. I prefer to lean poker than to train on how to do binaries trades.

That's the difference when playing Poker and trading. Of course this is very different. And everyone can do both but to get profits certainly not everyone can get easily. Playing poker certainly must have knowledge, if not, you will certainly lose money.

not agreeing with your statement if enough knowledge needed to become a a most profitable in poker then someone can be a millionaire through playing poker itself and I don't think anyone make it just because of their knowledge they might have their strategy to beat the opponent's are there just enough lucky but in trading like you said enough knowledge will get you the profit you wanted.

Yes surely poker is an experience based game and for this we will need proper time to spend for learning about poker at the same time trading needs allot of knowledge so it will be hard to maintain both at the same time, better get experience with the one you like the most then try trading after once you earn from playing poker.

[boyptc]

Some very strange approach to learn to trade.  Poker is a game of chance that can be played either for fun or for small conclusions.  Even to break the bank is not always obtained.

I find it strange as well, I thought it's about playing poker and train to become better but that's not it.

But reading the whole explanation of OP, I find it interesting because there's a connection and his words has sense.

[yvesp110]

Some very strange approach to learn to trade.  Poker is a game of chance that can be played either for fun or for small conclusions.  Even to break the bank is not always obtained.

Poker is not a game of chance rather a game of professionals and can be determine by what skills you have developed before gambling on poker casinos platform's. Poker is not as easy as dice games and others. I prefer to lean poker than to train on how to do binaries trades.

That's the difference when playing Poker and trading. Of course this is very different. And everyone can do both but to get profits certainly not everyone can get easily. Playing poker certainly must have knowledge, if not, you will certainly lose money.

not agreeing with your statement if enough knowledge needed to become a a most profitable in poker then someone can be a millionaire through playing poker itself and I don't think anyone make it just because of their knowledge they might have their strategy to beat the opponent's are there just enough lucky but in trading like you said enough knowledge will get you the profit you wanted.

I believe there is slight similarities between poker and trading. And this is why if you are able to perform well at poker, switching to trading might be easy as well. Poker prepares you and trains you to coup with the challenges put forward by opponent while in trading, you perform the same procedure against the market so yeah, and you might feel a bit good and efficient in trading if you are good at poker.

[noormcs5]

Some very strange approach to learn to trade.  Poker is a game of chance that can be played either for fun or for small conclusions.  Even to break the bank is not always obtained.

Try to compare poker with dice and you will know that poker is not only based upon luck. If you understand and play poker more you will become more expert in poker. This is not true for other gambling games especially dice etc.
but understanding trading is more complex and poker is relatively easy to understand.

[Barracuda]

I think Poker and trading are very different. Everyone can trade and everyone can play poker, but if playing poker doesn't have a strategy, of course you will just waste money. And when trading, the easy thing is to buy cheap prices and sell at high prices. Of course trading and poker have different places.

[Jjewelle29]

It is a good idea to play poker to improve your skills.I think that trading is a lot like gambling and the only difference is trading has better publicity compared to gambling.

While gambling is considered bad by most of the community trading is considered neutral.However you should be careful as both in gambling or trading you risk to become addicted.

For me playing poker is also can be one of reason to improve skills and about gambling & trading the two is have similarities because you can win and lose while playing gambling & trading..