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!
Brownie Cupcakes Recipe
Brownie Cupcakes Recipe
Super fudgy Brownie Cupcakes with crinkly and chewy tops. Frosted with creamy, silky dark chocolate buttercream. Very easy to make.
Course: Dessert
Cuisine: American
Keyword: brownie cupcakes recipe
Servings: 13 - 14 cupcakes
Calories: 625 kcal
Author: Sabine Venier
Prep Time 25 mins
Cook Time 25 mins
Total Time 50 mins
Ingredients
brownie cupcakes
- 1 cup butter, melted and cooled (226g)
- 2 cups granulated white sugar (400g)
- 4 large eggs
- 2 vanilla beans* (or 2 tsp pure vanilla extract)
- 1 cup dutch-processed cocoa powder (84g)
- 1 cup all-purpose flour (120g)
- 1 tsp salt
dark chocolate buttercream frosting
- 1 cup butter, softened (226g)
- 2 cups powdered sugar (240g)
- 1 cup semi-sweet chocolate, melted and cooled (6oz / 175g)
Instructions
- Preheat oven to 350°F / 175°C. Line two 12 cup muffin pans with 13-14 cupcake liners. Set aside.
- Brownie Cupcakes: In a large mixing bowl stir together butter, sugar, eggs, and vanilla* just until combined. Don't use a hand or stand mixer otherwise you have too much air pockets in the batter, and this makes the brownie cupcakes cakey instead of fudgy. Stir by hand with a whisk. Sift in flour, cocoa, and salt and stir just until combined. Spoon batter with an ice cream scoop into the liners and fill almost full. I got 13 cupcakes.
- Bake for 22-26 minutes until the top of the brownies look crinkled and a toothpick centered in the middle comes out mostly clean. Don't overbake the brownie cupcakes or they are getting cakey. I baked mine for exactly 25 minutes. Remove from oven and let cool for 10 minutes. Then carefully remove from pan and transfer to a wire rack and let cool completely before frosting.
- Dark Chocolate Frosting: Beat butter on medium-high speed until soft and creamy, about 3-4 minutes. Sift in powdered sugar and beat on medium-low speed until fully combined and smooth. Add chocolate and mix on medium speed until combined and creamy. Frost cupcakes and store in an airtight container at room temperature for up to 3 days.
Recipe Video
0 Response to "Brownie Cupcakes Recipe"
Posting Komentar