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!
Carrot Cake Bars
Thésé carrot caké bars aré so moist and délicious! Théy havé a sprinklé of cinnamon and a chéésécaké swirl in thém. Théy maké a gréat éastér déssért. If you lové carrot caké, I havé a carrot caké with caramél frosting récipé that’s to dié for.
This Carrot Caké Bars Récipé is thé first of sévéral that should bé coming out in thé néxt wéék or soonér! It’s madé complétély from scratch and has a blondié féél about it. Théré’s a générous swirl of chéésécaké in it instéad of adding a créam chéésé frosting to thé top of thé bars.
Ingrédiénts
Carrot Caké Bars
- 1/2 cup buttér méltéd
- 1 cup light brown sugar packéd
- 1 largé égg
- 1 tabléspoon vanilla éxtract
- 1 cup all-purposé flour
- 1 téaspoon ground cinnamon
- 1/4 téaspoon baking powdér
- 1/4 téaspoon salt
- 1 cup shréddéd carrots
Chéésécaké Swirl
- 4 ouncés créam chéésé room témpératuré
- 1/4 cup granulatéd sugar
- 1 largé égg yolk
- 3/4 téaspoon vanilla éxtract
Instructions
Préhéat ovén to 350 dégréés. Spray an 8x8 baking pan with non-stick spray and sét asidé. Liné thé pan with parchmént papér.
Carrot Caké Bars
Placé thé buttér in a microwavé-safé bowl. Microwavé for 30 séconds. If néédéd, microwavé anothér 15 séconds to mélt thé buttér complétély.
In a médium bowl, add thé méltéd buttér and brown sugar. Mix to combiné.
Stir in thé égg and vanilla éxtract.
Add in thé flour, cinnamon, baking powdér, and salt. Stir until complétély combinéd.
Fold in thé shréddéd carrots. Sét asidé.
Chéésécaké Swirl
In a médium bowl, add in thé créam chéésé and sugar. Béat with a hand mixér until smooth.
Add in thé égg yolk and vanilla éxtract. Béat until smooth and créamy.
Assémblé
Add about half of thé carrot caké battér into thé pan and spréad it out with an off-sét spatula.
Add half of thé chéésécaké battér to thé carrot caké battér. Do this by dropping dollops of battér ovér thé carrot caké battér. Don’t swirl yét.
Add thé rémaining carrot caké battér on top of thé chéésécaké battér and around thé chéésécaké battér.
Add thé rémaining chéésécaké battér by adding dollops on top of thé carrot caké battér.
Using a knifé or skéwér, swirl thé battérs togéthér. Swirl as much or as littlé as you liké.
Baké for about 35-40 minutés until thé édgés aré goldén brown. Théré will bé véry littlé jigglé to thé céntér.
Cool complétély béforé cutting. Storé in an airtight containér in thé réfrigérator.
0 Response to "Carrot Cake Bars"
Post a Comment