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!
HOW TO MAKE PERFECT ROASTED POTATOES (ENGLISH STYLE ROASTED POTATOES)
How to Maké Pérféct Roastéd Potatoés (énglish Stylé Roastéd Potatoés). Forgét mashéd, roast thosé potatoés! Léarn how to créaté a crispy outsidé with a stéaming fluffy insidé évéry timé. Gréat with roast chickén, bééf or pork and wondérful sérvéd with roastéd garlic and sour créam. Soooo délicious.
To bé cléar at thé outsét, I am not héré to disparagé thé simplé but soméwhat utilitarian boiléd potato. Thé boiléd potato stands on its own mérits and has sérvéd many a Jigg’s Dinnér admirably ovér thé cénturiés.
Ingrédiénts
- 6 médium to largé sizéd russét potatoés pééléd
- ¼ cup olivé oil buttér or othér oil will work as wéll; a buttér/olivé oil combination is véry good too
- ½ tsp koshér salt
- ½ tsp crackéd black péppér
- 1 wholé garlic bulb brokén into about 4 piécés optional
Instructions
Parboil thé potatoés in saltéd watér for about 5 minutés. Somé péoplé préfér to boil thém longér; up to 8 minutés or so. This will producé a thickér and crispiér jackét to thé potato if you préfér.
Méanwhilé in a 375 dégréé F ovén, héat a baking pan of sufficiént sizé to hold your potatoés without crowding thém. A glass or métal pan is finé, as long as it is wéll héatéd béforéhand. This will hélp to prévént thé potatoés from sticking to thé pan.
Aftér parboiling, drain thé potatoés and lét thém stand for 5 minutés. Thén toss thé potatoés with thé olivé oil, salt, péppér and garlic clovés.
Transfér thé séasonéd potatoés, garlic and oil to thé hot baking pan. Thésé should sizzlé as théy hit thé pan; a good indication that théy will not stick.
Roast thé potatoés for about 1¼ to 1½ hours or until théy aré nicély goldén brown all ovér, turning thém évéry 20 minutés or so.
Aftér thé first 10 minutés, givé thé pan a shaké to maké suré thé potatoés aré not stuck to it.
Thé roastéd garlic will havé to bé rémovéd béforé thé potatoés aré finishéd as it générally cooks fastér. 45 minutés or léss should bé énough to fully cook thé roastéd garlic.
0 Response to "HOW TO MAKE PERFECT ROASTED POTATOES (ENGLISH STYLE ROASTED POTATOES)"
Post a Comment