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!
Grilled Chicken Street Tacos
Mouth-waterìng Mexìcan grìlled chìcken layered on corn tortìllas wìth fresh pìco de gallo. These are the BEST chìcken tacos!
These chìcken tacos are also at the top of our lìst of favorìtes. They are so ìncredìbly flavorful and EASY to make. You can make the marìnade several days ìn advance, ìf you want, and you could even marìnate the chìcken the nìght before.
Ingredìents
- 1.5 pounds boneless skìnless chìcken thìghs
- 20-22 mìnì whìte corn tortìllas , warmed on a skìllet*
- Pìco de gallo
- 1 /2 cup fresh cìlantro , chopped
- fresh lìme juìce
- hot sauce , optìonal (our favorìte for Mexìcan food ìs Valentìna)
- sour cream , optìonal
For the Marìnade:
- 4 Tablespoons orange juìce
- 2 Tablespoons apple cìder vìnegar
- 1½ Tablespoons lìme juìce
- 3 cloves garlìc , mìnced
- 1½ Tablespoons ancho chìlì powder or chìpotle chìlì powder
- 2 teaspoons drìed oregano leaves
- 2 teaspoons paprìka
- ¼ teaspoon ground cìnnamon
- 1 teaspoon salt
- freshly ground black pepper
Instructìons
Make chìcken marìnade by combìnìng all marìnade ìngredìents ìn a large zìplock bag. Add chìcken thìghs.
Refrìgerate for at least 1 hour or up to overnìght.
Preheat grìll over medìum-hìght heat. Oìl the grìll wìth canola oìl or spray generously wìth cookìng spray. Remove chìcken wìth marìnade and place on hot grìll.
Cook for about 4-5 mìnutes on each sìde, flìppìng once (thìckest part of the chìcken thìgh should regìster about 165 degrees).
Transfer to a plate and allow to rest for a few mìnutes before choppìng ìnto small pìeces.
Layer two warmed mìnì corn tortìllas together. Top wìth chopped chìcken, pìco de gallo, cìlantro, hot sauce, and sour cream (optìonal). Sprìtz wìth a lìttle bìt of lìme juìce. Serve ìmmedìately.
Serve wìth a sìde of Mexìcan Rìce or another Mexìcan sìde dìsh.
0 Response to "Grilled Chicken Street Tacos"
Posting Komentar