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!
BAKED PARMESAN CRUSTED CHICKEN RECIPE
Baked Parmesan Crusted Chicken is perfect Friday night finger food. Covered in a perfect crust that is dip-able, you won’t be able to get enough of this crispy chicken recipe! Personally, when it comes to weekends, I am ready to take it easy on the cooking but I still want something delicious.
I also love that this recipe is so budget friendly.
I usually have all these ingredients on hand in the pantry, so all I need to do is either buy or thaw chicken and dinner is basically done.
Here some tips for you :- To make sure the breading stays put and forms that fantastic crispy crust everyone is looking for, take a paper towel and pat off the chicken before your dredge it. Just be sure to toss it directly in the trash – no cross-contamination, please!
- I also always use disposable gloves when cutting and dredging chicken like this. It makes it so much easier to keep my hands and the kitchen clean.
- To keep the mess to a minimum for a dredging assembly line, line up your cutting board next to the dishes with the butter and crumbs, making sure you have no space between. Place your baking dish at the end of the line and voila! a neat and tidy dredge.
Baked Parmesan Crusted Chicken Recipe
Baked Parmesan Crusted Chicken, a perfect chicken finger recipe for dinner tonight! Kid friendly and super easy to make !
Ingredients :
- 4 Chicken breasts boneless, skinless
- 1 cup panko bread crumbs
- 1/2 cup grated parmesan cheese
- 3 tablespoons minced parsley
- Salt & pepper to taste
- 3 Tablespoons melted butter
- 3 Tablespoons fresh lemon juice
- 2 garlic cloves minced
Instructions
- Preheat oven to 350 degrees.
- Chop up your parsley and garlic.
- Slice the chicken into "fingers" - cutting lengthwise and cutting thicker pieces in half again, for even thickness throughout.
- Mix the bread crumbs, parmesan cheese, parsley, salt, and pepper together in a shallow dish.
- In a second dish, mix the butter, lemon juice and garlic together.
- Dip both sides of the chicken in the butter mixture, and then repeat with the crumb mixture until the chicken is fully breaded.
- Place the chicken in a casserole dish or cookie sheet and repeat with all chicken fingers.
- Bake for 20-25 minutes until an inserted thermometer reads 165F.
0 Response to "BAKED PARMESAN CRUSTED CHICKEN RECIPE"
Posting Komentar