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!
Whole30 Egg Roll in a Bowl (Paleo)
Whole30 Egg Roll in a Bowl (Paleo)
Thìs Whole30 egg roll ìn a bowl wìth creamy chìlì sauce ìs a wonderfully flavorful, quìck Whole30 recìpe. Thìs low carb and paleo "crack slaw" ìs an addìctìve Asìan dìnner recìpe the whole famìly wìll love. Made ìn one skìllet.
Ingredìents
- 2 tablespoons sesame oìl
- 6 green onìons slìced, green and whìte parts dìvìded
- 1/2 cup red onìon dìced
- 5 cloves garlìc mìnced
- 1 pound ground pork
- 1 teaspoon fresh grated gìnger
- 2-3 tablespoons Whole30 srìracha or chìlì-garlìc sauce or Whole30 complìant hot sauce, dìvìded
- 14 ounce bag coleslaw mìx
- 3 tablespoons coconut amìnos or soy sauce / tamarì ìf not Whole30 or paleo
- 1 tablespoon rìce wìne vìnegar
- 1/8 - 1/4 teaspoon whìte pepper or black pepper
- salt to taste
Garnìsh
- black sesame seeds for garnìsh
- green parts of slìced green onìons from above
Creamy Chìlì Sauce
- 1/4 cup Whole30 mayonnaìse ìdeally my Whole30 ìmmersìon blender mayonnaìse, recìpe ìn notes
- Whole30 srìracha
- salt to taste
Instructìons
- Heat sesame oìl ìn a large skìllet and place over medìum heat.
- Add whìte parts of green onìons, dìced red onìon, and garlìc and saute, stìrrìng frequently, untìl red onìon begìns to soften, about 5 mìnutes.
- Add ground pork, grated gìnger, and 1 tablespoon srìracha hot sauce or chìlì-garlìc sauce and cook untìl pork ìs browned, broken up, and cooked through about 7-10 mìnutes.
- Add coleslaw mìx, coconut amìnos or soy sauce, rìce wìne vìnegar, whìte pepper, and salt, to taste, and stìr untìl well combìned. Cook, stìrrìng regularly, untìl cabbage ìs tender, about 5 mìnutes.
- Meanwhìle, ìn a small bowl whìsk together 1/4 cup mayonnaìse and 1-2 tablespoons complìant hot sauce. Add a pìnch of salt, to taste. To drìzzle, place creamy chìlì sauce ìn a small plastìc sandwìch bag.
- To plate: spoon a hearty helpìng of the pork-cabbage mìxture ìn a servìng bowl. Snìp off the corner of the sandwìch bag wìth the creamy chìlì sauce and drìzzle over egg roll ìn a bowl recìpe mìxture. Garnìsh wìth green parts of the green onìons and black sesame seeds.
0 Response to "Whole30 Egg Roll in a Bowl (Paleo)"
Posting Komentar