{"id":218752,"date":"2023-05-31T20:50:52","date_gmt":"2023-05-31T19:50:52","guid":{"rendered":"https:\/\/www.forexmentorpro.com\/blog\/?p=218752"},"modified":"2023-06-12T16:53:26","modified_gmt":"2023-06-12T15:53:26","slug":"trading-not-gambling-2","status":"publish","type":"post","link":"https:\/\/www.forexmentorpro.com\/blog\/trading-not-gambling-2\/","title":{"rendered":"Trading, Not Gambling"},"content":{"rendered":"<p>Trading, Not Gambling: In Tuesday live training, I cautioned about not trading the NZD through the news and boy was that good advice! The NZD dropped 80 pips in 5 minutes! To have traded it would have been gambling. Even if you had got lucky and shorted it there was always the danger a sudden wide spread would have taken you out.<\/p>\n<p>I explained that even if the interest rate came out as expected there was still a chance of an over-reaction. The reason it happened? Future guidance from the RBNZ and it was the first time for a while that the decision had gone to a vote rather than rubber stamped.<\/p>\n<p><a href=\"https:\/\/www.forexfactory.com\/news\/1222111-rbnz-governor-orr-says-its-been-a-long\" target=\"_blank\" rel=\"noopener\">ForexLive Headlines<\/a><\/p>\n<p>As ever Marc Chandler explains it well in more detail here: <a href=\"http:\/\/www.marctomarket.com\/2023\/05\/rbnz-delivers-dovish-hike-and-uk.html\" target=\"_blank\" rel=\"noopener\">RNNZ Delivers a Dovish Hike<\/a><\/p>\n<h2><\/h2>\n<h2>Trading, Not Gambling<\/h2>\n<p>I explained Sunday and Tuesday that as I had already reached my monthly target I was only going to take A+ trades. Thus far I haven&#8217;t taken anything but the balance of my AUDCAD from last week is now + 200 pips I show in the video how I am managing that.<\/p>\n<p>I have adjusted the entry slightly on the Eur\/USD &#8211; see todays video update<\/p>\n<h3>Trading, Not Gambling<\/h3>\n<p><iframe src=\"https:\/\/player.vimeo.com\/video\/830134960?h=4a093b3238\" width=\"640\" height=\"360\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<h2><a href=\"https:\/\/www.forexmentorpro.com\/blog\/free-forex-training-course\/\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" class=\"size-full wp-image-4732 aligncenter\" src=\"https:\/\/www.forexmentorpro.com\/blog\/wp-content\/uploads\/2017\/08\/650x60-100-Free-training-course-4.jpg\" sizes=\"(max-width: 650px) 100vw, 650px\" srcset=\"https:\/\/www.forexmentorpro.com\/blog\/wp-content\/uploads\/2017\/08\/650x60-100-Free-training-course-4.jpg 650w, https:\/\/www.forexmentorpro.com\/blog\/wp-content\/uploads\/2017\/08\/650x60-100-Free-training-course-4-300x28.jpg 300w\" alt=\"\" width=\"650\" height=\"60\" title=\"\"><\/a><\/h2>\n","protected":false},"excerpt":{"rendered":"<p>When trading Forex, major news events can cause chaos on the charts. It&#8217;s important to know how to minimize risk, by not gambling around news releases. See how veteran trader, Marc Walton, strategically maneuvers market volatility by trading, not gambling. <\/p>\n","protected":false},"author":35,"featured_media":218758,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","rank_math_lock_modified_date":false,"footnotes":""},"categories":[2,3],"tags":[],"class_list":["post-218752","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-forex-analysis","category-forex-articles"],"_links":{"self":[{"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/posts\/218752"}],"collection":[{"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/users\/35"}],"replies":[{"embeddable":true,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/comments?post=218752"}],"version-history":[{"count":3,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/posts\/218752\/revisions"}],"predecessor-version":[{"id":218757,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/posts\/218752\/revisions\/218757"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/media\/218758"}],"wp:attachment":[{"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/media?parent=218752"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/categories?post=218752"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/tags?post=218752"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}