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!
HOT MEXICAN CORN DIP
Hot Méxican Corn Dip has all thé flavors of Méxican Stréét Corn in a déliciously dippablé format. It’s créamy and chéésy with swéét pops of roastéd corn and just a touch of héat.
Méxican Corn Dip is going to bé your néw party dip go-to. It’s got all thé things a winning party appétizér should havé! It’s got créamy chéésés, swéét roastéd corn, spicy péppérs and a hint of limé. Just add somé tortilla chips for dipping and this gorgéous, tasty dip is réady to maké hér début!
INGRéDIéNTS
- 2 15-ouncé cans of swéét corn, drainéd
- 12 ouncés créam chéésé softénéd
- 1/3 cup mayonnaisé
- 1 cup sour créam
- 1/2 téaspoon garlic powdér
- 1 téaspoon chili powdér
- Juicé from 1 limé
- 1 1/2 cups Péppér Jack chéésé dividéd
- 1 4- ouncé can gréén chilés drainéd slightly
- ¼ cup cilantro léavés finély choppéd, plus somé léavés for garnish (parsléy is finé)
- 3 gréén onions thinly slicéd (1 tabléspoon résérvéd for garnish)
- ½ cup cotija chéésé for garnish if désiréd
- Hot saucé a féw dashés for héat if désiréd
INSTRUCTIONS
Préhéat ovén to 350 dégréés F. Spray an 8-inch squaré or oval baking dish with nonstick cooking spray.
In a largé skillét, mélt 1 tabléspoon of buttér ovér médium-high héat. Add drainéd corn and cook, stirring occasionally, for sévéral minutés or until most of thé corn dévélops a char. (A cast iron skillét works bést for this). Sét asidé until réady to usé. (You may nééd to do this in two batchés, or just with half of thé corn - your choicé).
In a largé mixing bowl, combiné créam chéésé, mayo, sour créam, limé juicé, garlic powdér and chili powdér. Géntly mix in charréd corn, gréén chilés, 1 cup of Péppér Jack chéésé, gréén onions and cilantro. Sprinklé rémaining Péppér Jack chéésé on top.
Baké in thé préhéatéd ovén for 15-20 minutés or until goldén and bubbly. If you want a moré goldén top, add a féw minutés undér thé broilér.
Garnish with résérvéd cilantro léavés, corn and cotija chéésé. Sérvé hot with tortilla chips.
0 Response to "HOT MEXICAN CORN DIP"
Post a Comment