The Hardest Way to Trade: Context Trading

Quoting MonkeyPlanet

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Is forex trading same as the playing poker? I mean it has much of psychological set-up in common, right?

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Quoting MonkeyPlanet

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Is forex trading same as the playing poker? I mean it has much of psychological set-up in common, right?

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Quoting HoldemTrader

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{quote} It has some similarities but also a lot of differrnces. The most important diff is that in Poker once you are all in you cant take IT back and have to let the Hand run out. In trading you can scratch a trade (for the good and Bad). So some might make the mistake of letting your looser run whilr your winners are small

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Quoting MonkeyPlanet

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{quote} But you can drop cards, isn't it? I mean you can keep control over the game and cut losses when needed. The only drawback of poker as I see it that the profit is realized only in the end of the game, you can't fix profit like in forex in any time. On the other hand you learn how to be more patient (wait till the end of the game) and don't fold to the short-term temper to cut losses.

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Quoting MonkeyPlanet

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{quote} But you can drop cards, isn't it? I mean you can keep control over the game and cut losses when needed. The only drawback of poker as I see it that the profit is realized only in the end of the game, you can't fix profit like in forex in any time. On the other hand you learn how to be more patient (wait till the end of the game) and don't fold to the short-term temper to cut losses.

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Quoting HoldemTrader

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{quote} I agree with All of you but if you Do Not know What you are doiing in any given Situation (when and why to fold/ call) you are lost and designated to loose in Poker as in trading

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