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!
fruit and cream cheese danish pastry
fruit and cream cheese danish pastry
These easy-to-make breakfast pastries are as delicious as they are beautiful! Fruit and cream cheese danish are ideal for relaxed weekend mornings, Sunday brunch, Father’s Day, Mother’s Day, and more. I like to make these puff pastry desserts when friends are coming over to visit. It’s a fabulous kiss of hospitality!
Author: Denay | Confetti and Bliss
Prep Time: 20 minutes
Cook Time: 15 minutes
Total Time: 35 minutes
Yield: 24 1x
INGREDIENTS
- 1 box of puff pastry dough (2 sheets), thawed
- 1 8-ounce block of cream cheese
- 1 tablespoon sour cream
- 3 tablespoons granulated sugar
- 2 teaspoons lime juice, freshly squeezed or bottled
- Lime zest from one whole lime
- 2–1/2 teaspoons Mexican vanilla (or vanilla extract)
- Fresh blueberries, rinsed and dried
- Fresh strawberries, stems removed and cut in half
- 3 tablespoons melted butter, for brushing
- Sanding sugar
- Optional garnish: additional lime zest
INSTRUCTIONS
- Adjust your oven rack to the center position. Preheat the oven to 400 degrees.
- Unfold the thawed puff pastry sheets on a lightly-floured board. With a large 4.5-inch biscuit cutter, cut out 4 rounds of dough from each piece. Lightly score the rounds with a slightly-smaller biscuit cutter or drinking glass. Transfer the puff pastry rounds to baking sheets lined with silicone baking mats or parchment paper. Gather together the remaining scraps of dough. Roll out the dough and create two or three more danish pastry circles. Add those to the baking sheets.
- In the bowl of a stand mixer, add the cream cheese, sour cream, granulated sugar, lime juice, lime zest, and vanilla extract. Mix until all ingredients are fully incorporated and the consistency is smooth and creamy. Place two tablespoons of the cream cheese mixture in the center of each puff pastry circle. Using the backside of a spoon, spread it out, leaving a 1/4-inch rim.
- Arrange blueberries on half of the rounds. Artistically arrange strawberries on the rest of the batch.
- Bake for 15-16 minutes, or until the rims of the puff pastry desserts are lightly golden brown.
- Allow the cheese danish to relax on the baking sheets and cool down to room temperature. If desired, add a light sprinkling of lime zest to the middle of the strawberry breakfast pastries.
- Serve with coffee, milk, orange juice or tea.
0 Response to "fruit and cream cheese danish pastry"
Posting Komentar