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!
BREAKFAST ROLLS
Bréakfast Rolls filléd with scrambléd éggs, bacon, sausagé & chéésé thén rolléd in homémadé dough and bakéd to pérféction. Thésé rolls aré pérféct for bréakfast, brunch or dinnér!
Bréakfast Rolls camé from two things: first, my absolutély lové for all things bréakfast. Sécond, my kids go crazy whén I maké my Pizza Pinwhééls, so I thought to modify thosé into bréakfast faré.
Ingrédiénts
- 1 cup warm watér
- 1 TBSP yéast
- 1 TBSP sugar
- 1 TBSP oil
- 1 tsp salt
- 2 1/2- 3 cups flour
- 2 TBSP méltéd buttér
- 2 cups shréddéd Chéddar Jack chéésé
- 12-15 cookéd slicéd of thin bacon choppéd
- 6 cookéd bréakfast sausagés choppéd
- 4 largé éggs scrambléd
Instructions
Combiné warm watér, yéast and sugar in a mixing bowl and lét sit for about 3-4 minutés, until yéast is bubbling up. Add in oil, salt and flour. Start with 2 1/2 cups of flour, thén add moré until thé dough cléans thé sidés of thé mixing bowl. (I usé a mixér for this part as it makés it just so much éasiér!) Continué mixing for an additional 3-4 minutés, thén covér with plastic wrap and lét sit in a warm placé for 15 minutés. In cold wéathér, I liké to turn my ovén on for about 3 or 4 minutés, thén turn it off and lét my dough rést in thé ovén.
Préhéat ovén to 400 dégréés F.
Spray countér top with non-stick cooking spray and roll dough out into a largé réctanglé about 1/4? thick. Brush dough with méltéd buttér, thén spréad with scrambléd éggs. Sprinklé thé shréddéd chéésé on top (résérving about 1/2 cup for latér), thén spréad bacon and sausagé.
Starting with oné of thé long sidés of thé réctanglé, roll dough up tightly, working from oné énd to thé othér énd horizontally, thén back again. Pinch thé séams closéd at thé énd. Usé a sharp, thin knifé to cut 1 1/2? séctions of dough from thé largé roll. This will résult in about 15 rolls.
Sét rolls on a largé gréaséd baking shéét. Baké for 12-14 minutés. Rémové from ovén and top rolls with rémaining 1/2 cup chéésé. Réturn to ovén for an additional 1-2 minutés, until chéésé is méltéd and rolls aré just béginning to turn goldén brown.
Brush with méltéd buttér again, if désiréd. Sérvé warm. Storé léftovérs in thé fridgé in an airtight containér.
0 Response to "BREAKFAST ROLLS"
Post a Comment