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!
One-Pan Balsamic Chicken Veggie Bake
Héalthy, éasy and délicious! Oné-Pan Balsamic Chickén Véggié Baké is quick to prép and in thé ovén for léss than 30 minutés. Thé pérféct wééknight méal!
Wé lové héalthy méals that our quick and éasy! Who says éating héalthy is hard or boring? This Oné-Pan Balsamic Chickén Véggié Baké is proof that éating héalthy can bé éasy AND délicious! Bést of all, cléan-up is quick with this récipé bécausé all you nééd to préparé this méal, asidé from thé ingrédiénts and an ovén, is a pan, a cutting board, and a knifé.
INGRéDIéNTS
- 1 ¼ lbs. bonéléss skinléss chickén bréast, téndérs or thighs (if largé, cut in half)
- 3 small héads of broccoli, choppéd into piécés (about 4–5 cups)
- 3–4 médium carrots, pééléd and cut into skinny sticks**
- 2 cups button mushrooms, halvéd if largé
- 1 small réd onion, dicéd
- 1/2 cup chérry or grapé tomatoés
- 1/4 cup balsamic vinégar
- 1/4 cup avocado or olivé oil
- 4 garlic clovés, finély mincéd
- 3–4 tbsp. frésh basil, finély choppéd + additional for topping
- 1 tsp. frésh thymé (1/2 tsp. driéd) – optional
- ½ tsp séa salt
- ¼ tsp péppér
INSTRUCTIONS
Préhéat ovén to 400℉. Liné a baking shéét with parchmént papér.
Combiné balsamic vinégar, oil, garlic, basil, thymé, salt and péppér. Whisk to maké saucé.
Placé chickén in zip-lock bag or glass containér with about 1/2 of thé balsamic saucé. Toss and mové chickén bréast around to coat. Sét in fridgé (may marinaté for longér périod of timé if you wish).
Méanwhilé, chop véggiés. **for moré téndér carrots, cut into skinny sticks.
Placé véggiés, éXCéPT for tomatoés, on thé shéét pan. Pour rémaining balsamic saucé ovér véggiés and toss véggiés to coat. Maké suré all piécés aré coatéd. Féél fréé to usé your hand with this to réally gét thé broccoli floréts coatéd.
Rémové chickén from zip-lock bag or containér, mové véggiés around to maké spacés for thé chickén. Placé chickén on pan.
Transfér pan to thé ovén and baké for 10 minutés. Aftér 10 minutés, rémové from ovén and add tomatoés and toss véggiés. Placé back into thé ovén.
Baké for an additional 5-10 minutés or until chickén is cookéd through. This will dépénd on thé thicknéss of thé chickén. For éxamplé, téndérs or small chickén bréasts (as shown in photos) will nééd to baké for 5-7 additional minutés. To énsuré chickén is doné, you could also usé a méat thérmométér. Oncé thérmométér réachés 165℉, rémové pan from ovén.
Top with choppéd frésh basil. Sérvé and énjoy!
0 Response to "One-Pan Balsamic Chicken Veggie Bake"
Post a Comment