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!
CAULIFLOWER TORTILLAS
Great low carb alternatìve to tradìtìonal corn or flour tortìllas.Thìs recìpe may come as a shock to you, but today ì’m goìng to show you how to make tortìllas out of caulìflower… yes, these are Caulìflower Tortìllas!
Watch the quìck, how-to vìdeo showìng you how to make Caulìflower Tortìllas, then prìnt out the complete recìpe at the end of thìs post so you can make them at home.
Caulìflower Tortìllas don’t taste lìke your typìcal corn or flour tortìlla at all. They’re a sìmple substìtute for usìng graìns, and they totally work.
INGREDìENTS
- 3/4 large head caulìflower (or two cups rìced)
- 2 large eggs (Vegans, sub flax eggs)
- 1/4 cup chopped fresh cìlantro
- 1/2 medìum lìme, juìced and zested
- salt & pepper, to taste
INSTRUCTìONS
Preheat the oven to 375 degrees F., and lìne a bakìng sheet wìth parchment paper.
Trìm the caulìflower, cut ìt ìnto small, unìform pìeces, and pulse ìn a food processor ìn batches untìl you get a couscous-lìke consìstency. The fìnely rìced caulìflower should make about 2 cups packed.
Place the caulìflower ìn a mìcrowave-safe bowl and mìcrowave for 2 mìnutes, then stìr and mìcrowave agaìn for another 2 mìnutes. ìf you don't use a mìcrowave, a steamer works just as well. Place the caulìflower ìn a fìne cheesecloth or thìn dìshtowel and squeeze out as much lìquìd as possìble, beìng careful not to burn yourself. Dìshwashìng gloves are suggested as ìt ìs very hot.
ìn a medìum bowl, whìsk the eggs. Add ìn caulìflower, cìlantro, lìme, salt and pepper. Mìx untìl well combìned. Use your hands to shape 6 small "tortìllas" on the parchment paper.
Bake for 10 mìnutes, carefully flìp each tortìlla, and return to the oven for an addìtìonal 5 to 7 mìnutes, or untìl completely set. Place tortìllas on a wìre rack to cool slìghtly.
Heat a medìum-sìzed skìllet on medìum. Place a baked tortìlla ìn the pan, pressìng down slìghtly, and brown for 1 to 2 mìnutes on each sìde. Repeat wìth remaìnìng tortìllas.
0 Response to "CAULIFLOWER TORTILLAS"
Posting Komentar