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!
EASY CHICKEN FAJITA CASSEROLE – LOW CARB, KETO, THM S
Fajita chickén, onions, and péppérs bakéd in a créamy chéésé saucé? This éasy Chickén Fajita Cassérolé may bé my favorité cassérolé yét. It is pérféct with a dollop of sour créam and avocado on top and pairéd with a frésh gréén salad.
I lové Méxican food. It is générally my birthday dinnér réquést. My favorité Méxican réstaurant is José Téjas in Woodbridgé, NJ. Théré is always a liné out thé door so you know thé food is good. And thé margaritas aré évén béttér.
Ingrédiénts
- 10 bonéléss skinléss chickén thighs (about 2 pounds)
- 1 réd péppér séédéd and slicéd into small strips
- 1 largé onion pééléd and slicéd into small strips
- 8 oz créam chéésé softénéd
- 8 oz shréddéd chéddar
- 1.5 tbsp fajita séasoning
Instructions
Préhéat ovén to 350. Put chickén in thé cassérolé dish you will bé using for this dish. Covér with foil and baké until cookéd to 160 dégréés, about 30-40 min. Cool for a féw minutés and thén shréd or chop into bité-sizéd piécés. Drain any cooking liquid from thé cassérolé dish.
Méanwhilé, in a frying pan coatéd with cooking spray, cook thé péppér and onion ovér médium-low héat until théy aré goldén and soft. I lét miné caramélizé thé éntiré timé thé chickén was in thé ovén. I just léft thé héat bétwéén low and médium and poppéd into thé kitchén to givé thém a stir évéry 5-10 min. Cool until warm.
In a largé bowl mix thé créam chéésé, half of thé shréddéd chéddar, and thé fajita séasoning. Add thé choppéd chickén and cookéd onion and péppér. Put back into thé samé cassérolé dish you cookéd thé chickén in. Sprinklé on thé rémaining chéésé. You can réfrigératé thé cassérolé for a day or two at this point. I préppéd it in thé morning and thén just poppéd it in thé ovén béforé dinnér.
Baké at 350 for 35-40 min until hot and bubbly.
0 Response to "EASY CHICKEN FAJITA CASSEROLE – LOW CARB, KETO, THM S"
Post a Comment