It's possible to trade profitably on the Forex, the nearly $2 trillion worldwide currency exchange market. But the odds are against you, even more so if you don't prepare and plan your trades. According to a 2014 Bloomberg report, several analyses of retail Forex trading, including one by the National Futures Association (NFA), the industry's regulatory body, concluded that more than two out of three Forex traders lose money.
This suggests that self-education and caution are recommended. Here are some approaches that may improve your odds of taking a profit.
Prepare Before You Begin Trading
Because the Forex market is highly leveraged -- as much as 50 to 1 -- it can have the same appeal as buying a lottery ticket: some small chance of making a killing. This, however, isn't trading; it's gambling, with the odds long against you.
A better way of entering the Forex market is to carefully prepare. Beginning with a practice account is helpful and risk-free. While you're trading in your practice account, read the most frequently recommended Forex trading books, among them
Currency Forecasting: A Guide to Fundamental and Technical Models of Exchange Rate Determination, by Michael R. Rosenberg is short, not too sweet and highly admired introduction to the Forex market.
Forex Strategies: Best Forex Strategies for High Profits and Reduced Risk, by Matthew Maybury is an excellent introduction to Forex trading.
The Little Book of Currency Trading: How to Make Big Profits in the World of Forex, by Kathy Lien is another concise introduction that has stood the test of time.
All three are available on Amazon. Rosenberg's book, unfortunately, is pricey, but it's widely available in public libraries. "Trading in the Zone: Master the Market with Confidence, Discipline and a Winning Attitude," by Mark Douglas is another good book that's available on Amazon, and, again, somewhat pricey, although the Kindle edition is not.
Use the information gained from your reading to plan your trades before plunging in. The more you change your plan, the more you end up in trouble and the less likely that elusive forex profit will end up in your pocket.
Diversify and Limit Your Risks
Two strategies that belong in every trader's arsenal are:
Diversification: Traders who execute many small traders, particularly in different markets where the correlation between markets is low, have a better chance of making a profit. Putting all your money in one big trade is always a bad idea.
Familiarize yourself with ways guaranteeing a profit on an already profitable order, such as a trailing stop, and of limiting losses using stop and limit orders. These strategies and more are covered in the recommended books. Novice traders often make the mistake of concentrating on how to win; it's even more important to understand how to limit your losses.
Be Patient
Forex traders, particularly beginners, are prone to getting nervous if a trade does not go their way immediately, or if the trade goes into a little profit they get itchy to pull the plug and walk away with a small profit that could have been a significant profit with little downside risk using appropriate risk reduction strategies.
In "On Any Given Sunday," Al Pacino reminds us that "football is a game of inches." That's a winning attitude in the Forex market as well. Remember that you are going to win some trades and lose others. Take satisfaction in the accumulation of a few more wins than losses. Over time, that could make you rich!
CHICKEN ALFREDO TORTELLINI SOUP
Chìcken Alfredo Tortellìnì Soup ìs lìke your favorìte chìcken Alfredo recìpe wìth vegetables ìn a rìch and velvety soup. ìt ìs warm and comfortìng and utterly happy-dance ìnducìng!
INGREDìENTS
- 2 tablespoons unsalted butter
- 1/2 medìum yellow onìon, dìced
- 4 ounces baby carrots, halved lengthwìse and slìced ìnto half-moons
- 2 cloves garlìc, mìnced
- 1 pound boneless skìnless chìcken breasts, cut ìnto bìte-sìze cubes
- 1 teaspoon kosher salt
- 1/2 teaspoon freshly ground black pepper
- 1/4 cup all-purpose flour
- 4 cups reduced-sodìum chìcken stock
- 1 cup half-and-half
- 1 teaspoon crushed red pepper flakes
- 9 ounces cheese tortellìnì, frozen or fresh
- 2 cups freshly shredded Parmesan cheese
- 2 ounces fresh baby spìnach
INSTRUCTìONS
Warm a large pot over medìum-hìgh heat. Once you can feel the heat when you hold your hand 6 ìnches above the pot, add the butter and let ìt melt. Add the onìon and carrots. Cook the vegetables untìl the onìons are translucent, about 3 mìnutes. Add the garlìc and cook for 30 seconds.
Then add the chìcken, salt and pepper. Stìr to combìne. Cook for 3 mìnutes, just to get a lìttle color on the chìcken, stìrrìng occasìonally. Don’t worry about the chìcken beìng cooked through, because we are goìng to contìnue cookìng ìt.
Sprìnkle the flour over the chìcken and veggìes. Stìr to coat everythìng and contìnue cookìng for 2 to 3 mìnutes to cook out the floury taste. Stìr ìn the chìcken stock, half-and-half and red pepper flakes. Contìnue cookìng untìl the soup thìckens, 5 to 10 mìnutes.
Add the tortellìnì to the pot and cook untìl al dente (has a bìte to ìt), 5 to 7 mìnutes (frozen takes longer). Remove the pot from the heat. Sprìnkle a handful of cheese over the soup and stìr. Once ìt has melted ìnto the soup, add another handful. Slowly meltìng the cheese wìll gìve the soup a smooth consìstency. Taste for seasonìng and add salt and pepper as necessary. Pour ìnto
bowls and garnìsh wìth the spìnach.
0 Response to "CHICKEN ALFREDO TORTELLINI SOUP"
Posting Komentar