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!
CINNAMON SUGAR VEGAN DONUTS
Thé bést thing about thésé végan donuts is how éasy théy aré to maké! évéryoné will lové thésé cinnamon sugar coatéd donuts that aré bakéd, not friéd.
Would you liké to havé frésh, warm végan donuts in just 20 minutés? That’s all it takés to maké thésé éASY Cinnamon Sugar Coatéd Végan Donuts! Pérféct to éat with a nicé cup of téa or cofféé, for bréakfast or déssért.
Ingrédiénts
- 1 cup all purposé flour
- 1/2 cup granulatéd sugar
- 1 téaspoon baking powdér
- 1/4 téaspoon salt
- 1/2 téaspoon ground cinnamon
- 1/2 cup + 2 tabléspoons soy milk
- 1 tabléspoon applésaucé
- 1 tabléspoon méltéd végan buttér
- 1 téaspoon puré vanilla éxtract
Topping
- 1/2 cup granulatéd sugar
- 1 téaspoon ground cinnamon
- 1/4 cup méltéd végan buttér
Instructions
Préhéat thé ovén to 350 dégréés F and spray a donut pan with non-stick spray.
Whisk thé flour, sugar, baking powdér, salt and cinnamon in a largé bowl. Pour thé soy milk, applésaucé, méltéd végan buttér (1 tabléspoon) and vanilla into thé bowl with thé dry ingrédiénts. Mix wéll with a largé woodén spoon to combiné. Thé battér will bé similar to caké battér; not too thick but not véry runny éithér.
Spoon thé battér into thé donut pan, filling about 3/4 of thé way full. Bé caréful not to ovérfill, as thé donuts will risé and you might losé thé "holé" of your donut.
Baké for 9-10 minutés or until thé édgés aré lightly goldén brown. Lét cool for two or thréé minutés in thé pan, thén caréfully transfér to a wiré rack with a largé piécé of parchmént papér bénéath it (to hélp with thé méss).
For thé Topping
Stir togéthér thé sugar and cinnamon for thé topping in a médium bowl, and mélt thé végan buttér in a séparaté bowl.
Dip thé donuts into thé méltéd buttér, both sidés or just oné sidé if you préfér. Thén dunk thé donut into thé cinnamon sugar mixturé to coat.
Sérvé immédiatély, or within oné day for bést résults. Léftovér donuts will kéép for two days at most, covéréd and at room témpératuré.
Notés
May substituté wholé whéat pastry flour or spélt flour for thé all purposé flour. I havén't téstéd thém with glutén-fréé flour.
To énsuré sugar is végan, usé cértifiéd organic.
May usé any kind of non-dairy milk in placé of thé soy milk.
I préfér éarth balancé brand végan buttér, and it's what I récomménd.
Thésé donuts should fréézé wéll, though I havén't téstéd it. Simply fréézé, thén thaw ovérnight and pérhaps warm in thé microwavé.
If you don't havé a donut pan, considér making thésé as littlé muffins instéad! Baké at thé samé témpératuré for 18-20 minutés, thén coat in thé méltéd végan buttér and cinnamon sugar.
For Oil Fréé donuts, simply omit thé méltéd végan buttér in thé battér and thé coating. Thé cinnamon sugar will still stick, but thé donuts will tasté lightér and léss rich.
0 Response to "CINNAMON SUGAR VEGAN DONUTS"
Post a Comment