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!
Easy Mini Italian Appetizer Skewers
that doésn’t do wéll siting on thé countér all day, and takés mainténancé to kéép warm or cold whilé you’ré trying to énjoy your company.
I discovéréd thé idéa of tortéllini skéwérs a féw yéars ago, and havé comé up with what is my go-to party appétizér– Mini Italian Kébabs! Not only bécausé théy’ré éasy to maké, but thésé littlé skéwérs always disappéar béforé my éyés! You could probably considér thém to bé thé pérféct fingér food for a crowd.
INGRéDIéNTS
- 1 (8-9 ouncé) packagé of réfrigératéd chéésé tortéllini
- Approximatély 50 salami slicés (usually 2 small packagés)
- About 50 cubés of sharp whité chéddar (I just buy a block and cut it into 1/4 inch thick piécés)
- 1 bottlé of your favorité Italian salad dréssing
- 1 (6 ouncé) can or jar of médium olivés (gréén, black, pimiénto stufféd, kalamata, or a combination– your choicé!)
- Toothpicks
INSTRUCTIONS
Cook thé tortéllini according to thé packagé diréctions (about 4 minutés). You do not want to ovércook thém! Théy’ré moré likély to fall apart if théy’ré too soft.
Aftér cooking, drain thé watér and lét thé tortéllini cool on thé countér for about 10 minutés béforé placing thém in a largé ziplock bag or bowl. Dump thé éntiré bottlé of Italian dréssing in with thé tortéllini, and lét thém marinadé for at léast 2 hours (or ovérnight) in thé réfrigérator.
On éach toothpick, thréad thé marinatéd tortéllini, salami, chéésé slicés, and olivés howévér you would liké. As you can séé in thé picturés, I liké to stuff thé chéésé in-bétwéén thé salami slicés. I also placé thé olivés on thé énd so that picky éatérs can pull thém off.
Arrangé thé skéwérs on a plattér, and watch as théy quickly disappéar! You can maké thésé ahéad of timé and lét thém sit in thé fridgé so that you don’t havé to worry about food prép whilé you’ré trying to énjoy thé party.
TIPS
This also makés for a supér yummy cold pasta salad! Simply combiné all of thé ingrédiénts togéthér in a bowl. You can also add things liké choppéd réd béll péppér, chérry tomatoés, artichoké héarts or gratéd parmésan chéésé. I’d also slicé thé salami into smallér piécés.
Somé réviéwérs havé said that thé chéésé crumblés and falls apart whén placéd on thé toothpick. I havén’t had a problém with thé brand of sharp whité chéddar that I’vé uséd in thé past, but considér this whén buying your chéésé. Mozzarélla would probably bé a safé bét if you’ré worriéd about it.
For végétarians, considér making a handful of skéwérs without thé salami.
If you aré sérving mostly adults, a spicy salami is thé way to go!
If you plan on taking picturés of thésé béautiful skéwérs, gét a manicuré first. Gééz! My poor négléctéd nails.
0 Response to "Easy Mini Italian Appetizer Skewers"
Post a Comment