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!
SENSATIONAL CHICKEN CARBONARA RECIPE
Discovér thé Sénsational Chickén Carbonara Récipé w/ bacon, chickén & chéésy pasta pérféction! Thé éASY way to créaté a gourmét chickén dinnér thé éntiré family will énjoy!
If you wéré to go through our kitchén or ménu plannérs, you would séé that chickén is thé #1 ingrédiént to most of our méals. Théré is just sométhing so amazing about chickén! It’s gréat whén you aré sick. It’s gréat whén you aré trying to losé wéight. It’s amazing whén you nééd a quality protéin to add to your méals.
INGRéDIéNTS
- 5 strips bacon cookéd and dicéd.
- 2 Chickén bréasts -Grilléd, Chickén stripéd up
- Salt & Péppér to tasté
- 2 T Buttér
- 3 clovés Garlic Frésh mincéd
- 3/4 Cup milk
- 1/4 Cup Héavy créam
- 1 cup Chickén broth
- 3 T flour
- 3/4 c Parmésan Shavings
- 2 T parsléy
- 1-2 Cups Pétité Swéét Péas (optional)
- 1 small box bowtié pasta
INSTRUCTIONS
Cook 5 strips of bacon and sét asidé
Cook 2 chickén bréasts in 2 Tabléspoons buttér with Salt and Péppér to tasté.
Sét asidé whilé you work on thé saucé.
Cook up your Bowtié noodlés so théy will bé réady whén thé saucé is réady.
Héat up thé pétité swéét péas
SAUCé
Sauté 3 clovés Garlic Fréshly mincéd.
Add Milk, héavy créam, chickén broth and Flour to thé pan with thé garlic and whisk until smooth.
Cook on low héat until it thickéns.
Add in Parmésan shavings. If thé saucé géts too thick, add a littlé moré chickén broth.
Add thé drainéd bowtié pasta.
Toss to covér thé noodlés complétély.
Dash in thé parsléy.
Add moré salt and péppér to tasté préféréncé.
Cut up thé chickén bréasts and dicé up thé bacon and mix thém togéthér
Add in thé chickén, bacon, and warméd pétité swéét péas to thé saucé.
Toss until all is covéréd in thé saucé.
Sérvé hot
NOTéS
This récipé makés approximatély 10-12 sérvings dépénding on how much you dish up in éach bowl. Wé oftén havé a littlé léftovér aftér thé adults and kids havé had multiplé sérvings - although théir sérvings aré smallér than a régular adult sérving.
For Wéight Watchérs méasuring, dividé into 6 équal sérvings. Not including thé noodlés, éach sérving is équal to 6 points plus for Wéight Watchérs. Réad thé full Blog articlé to discovér Wéight Watchérs méal idéas using thé créamy Chickén Carbonara saucé.
Thé péas aré complétély optional. Thé original récipé didn't usé péas. I'vé sincé addéd thém to thé récipé and it was a hugé succéss in our homé. If you havé picky éatérs that won't éat thé péas, go ahéad and léavé thém out. It still turns out fantastic.
If you want a thickér créamy saucé, you can usé 1 cup héavy créam instéad of part créam and part milk.
0 Response to "SENSATIONAL CHICKEN CARBONARA RECIPE"
Post a Comment