Business & Finance Investing & Financial Markets

Free Day Trading Training for Poker Players

If you are a successful poker player and you want to enter the trading industry, there is a big chance that you will be successful in the field of trading.
Poker playing and day trading have similar characteristics and these same characteristics are great qualities of a good day trader.
Many of you may not believe it, but many successful day traders are good poker players or started out playing poker before entering day trading.
It's because poker is like free day trading training, if you think about it further.
Here are some of the similar attributes of poker playing and day trading:
  1. Patience- Poker players are extremely patient and they are all willing to spend a lot of hours at the poker table.
    Poker players hold their good cards, strategically waiting and picking at each other and wait for the right moment to strike.
    It's exactly like online trading for traders.
    Day trader needs to sit for hours and look or watch out for good trades in order to do very well in the trading market.
  2. Ability to Process Lots of Information- In day trading, you need to pay attention to tons of information.
    There are times that you need to go in and out of the trading and equity markets just to know how stock market trading works.
    There are day trading training program that one can engage in to make it easier for him.
    Poker players, sometimes, do unreasonable tactics just to find out how their opponent behaves and plays the game.
  3. Be Educated- There are a lot of traders who are willing to pay for reliable trading education.
    In fact, the expert traders highly encourage the beginners to resort to stock day trading training for their own benefit.
    There may be no formal education for poker playing; however, many players tend to spend big bucks in casinos to learn a lot about the game and to acquire experience as well.
  4. Good Money Management- We all know that poker players know how to handle their money properly.
    They bet accordingly and make wise decisions when it comes to betting.
    This is an important attribute for day traders to know where to put their money.
  5. Tolerance for Defeat- It is inevitable that you will not always win and sometimes lose.
    The great thing you will learn from being a poker player is that you can tolerate loss and defeat and just make up for it next time.
    Online trading offers the same scenario.
    You cannot win all the time.
    You have no control over the outcome.
    The only thing you can control is your reaction to the situation.

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