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!
Meatball Sub Casserole
Meatball Sub Casserole
There are several versions of meatball sub casserole online and after several attempts, we created a version we love. We now keep our Meatball Sub Casserole in our monthly dinner rotation! First off, it is super easy . . . and by now you should know “easy” is how we roll at the Pack household! Secondly, it requires very little ingredients. Third, the flavor explosion will knock you out! As you can tell in the pictures, we broke out the fine china for this dish, lol. So here goes . . .
Meatball Sub Casserole
Ingredients:
- Loaf of French bread or ours*
- Butter or margarine
- 1/2 teaspoon garlic salt (omitted from photo)
- 8 oz of cream cheese, softened to room-temperature (omitted from photo)
- 2 tablespoons mayonnaise
- 1/2 teaspoon of Italian seasoning
- 1 pound of frozen, fully cooked, thawed Italian meatballs (NOTE: it is often sold in 2 pound bags so use only 1/2 a bag.)
- 1 can Hunts Spaghetti Sauce (any flavor, our favorite is Garlic & Herb)
- 2 cups shredded mozzarella cheese
*At a local discount bread outlet, they sell these loaves of pre-sliced, sesame seed covered bread for only 25 cents! I swear it is the same bread that Raising Cane’s uses! So check out your bakery discount shops. You can save a lot of money! It’s not like the baked goods are “expired” but usually within days of expiring. So we either load up and freeze the bread or we just buy the amount we need right now. It’s a great way to get those gourmet breads at the same cost of regular breads at major grocery chains!
Directions:
- Turn oven on to broil. Slice the French bread into thick one inch slices. Butter one side lightly. Place on a cookie sheet with buttered side up. Repeat with the remainder of slices. Very lightly sprinkle the bread with garlic salt. Broil until toasty on the edges.
- Turn oven down to 350 degrees. Spray a 9×13 metal or glass pan with cooking spray. Place bread (toasted side up) into your 9×13 pan. Fill it up leaving very few gaps; cut one slice into pieces if necessary to fill large gaps. In a medium bowl, combine the cream cheese, mayonnaise and Italian seasoning using an electric mixer until smooth (be sure to scrape down the sides of your bowl). Using a spatula, spread the mix over all the bread slices creating a sheet of the cream cheese mix.
- Cut the thawed meatballs in half sprinkling them all over the cream cheese mix.
- Pour your can of spaghetti sauce evenly over the meatballs.
- Evenly sprinkle the shredded mozzarella over the spaghetti sauce.
- Bake for 30 minutes until heated all the way through and cheese is golden and bubbly.
- Enjoy!
0 Response to "Meatball Sub Casserole"
Posting Komentar