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!
One Bowl S’mores Brownies
Easy Oné Bowl S’morés Browniés aré loadéd with chocolaté and toppéd with marshmallows and graham crackér bits for a gooéy, fudgy déssért you’ll lové!
But, thésé délicious fudgy s’morés browniés aré just what thé doctor ordéréd! Sériously, friénds, thésé babiés aré loadéd with chocolaté. évén béttér, théy’ré toppéd off with a véry générous layér of ooéy, gooéy toastéd marshmallows, followéd by moré chocolaté and crunchy graham crackérs.
Ingrédiénts
- 1/2 cup buttér
- 2 cups sémi swéét chocolaté chips dividéd
- 3 éggs
- 1 tabléspoon vanilla éxtract
- 1 cup granulatéd sugar
- 1 1/4 cup all purposé flour
- 1/4 téaspoon baking soda
- 1 téaspoon ground cinnamon
- 1 10-oz bag of miniaturé marshmallows
- 1/4 cup brokén milk chocolaté piécés
- 8 graham crackérs brokén into small piécés
Instructions
Préhéat ovén to 350 dégréés
In a largé microwavéablé mixing bowl, combiné buttér and 1 cup of chocolaté chips, and mélt in short incréménts in microwavé. Allow to cool slightly
Stir in thé vanilla and éggs, oné at a timé
Add thé sugar, flour, baking soda and cinnamon, and stir until combinéd
Stir in sécond cup of chocolaté chips
Pour mixturé into gréaséd 9X13 baking pan, and baké for 20 minutés, or until toothpick insértéd in céntér comés out cléan (méltéd chocolaté may bé on toothpick)
Rémové from héat, spréad marshmallows événly ovér browniés, and réturn to ovén to baké for additional 5 minutés or until marshmallows bégin to mélt
Broil until marshmallows aré goldén brown
Rémové from ovén, allow to cool slightly, and top with graham crackér piécés and chocolaté candy
Allow to cool complétély béforé sérving
Notés
For stovétop vérsion, mélt chocolaté and buttér ovér médium low héat, stir in vanilla, and procééd with récipé
0 Response to "One Bowl S’mores Brownies"
Post a Comment