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!
ITALIAN OVEN ROASTED VEGETABLES
Simple and delicious Italian Oven Roasted Vegetables! The perfect side dish in minutes!
My go-to oven roasted vegetables take on a simple Italian twist. Along with baby potatoes, I like to use mushrooms, tomatoes, and zucchini.
TIPS FOR BEST OVEN ROASTED VEGETABLESYou hardly need to think about this dish, but if you’re looking for exceptional results, I have a few secrets for you:
- Garlic! Lots of garlic, in fact. In this recipe, I usually add 10-12 garlic cloves. Once roasted, the garlic lavishes a welcomed sweetness and earthiness.
- Quality olive oil. I use a lighter olive oil with a hint of fruitiness here. And although the recipe says “drizzle,” the key is not to skimp on the oil. You will need a generous enough amount to make sure everything is well coated. This gives great flavor and allows the veggies, especially the zucchini and tomato to char a little.
- Keep the seasoning simple. True to Italian flavors, I used a little dried oregano and thyme (an already mixed Italian seasoning would work great here). I like to serve grated Parmesan cheese and crushed red pepper flakes next to these oven roasted veggies. That way, those who need a little more punch, can sprinkle away!
ITALIAN OVEN ROASTED VEGETABLES RECIPE
Simple and delicious Italian Oven Roasted Vegetables! The perfect side dish in minutes!
INGREDIENTS
- 8 oz baby bella mushrooms, cleaned, ends trimmed
- 12 oz baby potatoes, scrubbed (Or cut potatoes in halves or cubes depending on size. You want them to be small)
- 12 oz Campari tomatoes (grape or cherry tomatoes will work also)
- 2 zucchini (or summer squash), cut into 1-inch pieces
- 10-12 large garlic cloves, peeled
- Olive oil
- 1/2 tbsp dried oregano
- 1 tsp dried thyme
- Salt and pepper
- Freshly grated Parmesan cheese for serving, optional
- Crushed red pepper flakes, optional
INSTRUCTIONS
- Preheat the oven to 425 degrees F.
- Place the mushrooms, veggies, and garlic in a large mixing bowl. Drizzle generously with olive oil (about 1/4 cup olive oil or so). Add the dried oregano, thyme, salt and pepper. Toss to combine.
- Take the potatoes only and spread them on a lightly-oiled baking sheet. Roast in heated oven for 10 minutes. Remove from heat, and then add the mushrooms and remaining vegetables. Return to oven to roast for another 20 minutes until the veggies are fork-tender (some charring is good!)
- Serve immediately with a sprinkle of freshly grated Parmesan cheese and crushed red pepper flakes (optional)
0 Response to "ITALIAN OVEN ROASTED VEGETABLES"
Posting Komentar