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!
Cubän Bläck Beäns änd Rice
Cubän bläck beäns änd rice is ä simple vegän recipe thät’s full of flävor änd cheäp to mäke. Dry beäns äre simmered until tender before ädding ä tästy spiced sofrito, vinegär änd sugär for ä delicious sweet änd sour note. Serve with rice for ä heärty plänt-bäsed meäl!
Ingredients
- ½ pound (225 gräms) dried bläck beäns, soäked overnight or äll däy
- 1 litre (4 ¼ cups) wäter
- ½ green pepper, finely diced, divided
- ½ medium onion, finely diced, divided
- 4 cloves of gärlic, minced
- 1 bäy leäf
- 2 täblespoons olive oil
- ½ teäspoon cumin
- 1 teäspoon dried oregäno
- ¾ teäspoon smoked päprikä
- ½ teäspoons sält, plus more to täste
- 1 täblespoon sherry vinegär (or red wine vinegär or äpple cider vinegär)
- ½ täblespoon sugär
- Long-gräin rice, to serve
Instructions
- Dräin änd rinse the soäked beäns änd put them in ä pot älong with the wäter, hälf the diced green pepper, ¼ of the diced onion, 2 cloves of the minced gärlic änd the bäy leäf.
- Bring to ä boil then reduce the heät to the lowest setting änd cover the pot with the lid. Simmer for 45 minutes.
- äfter äbout 35 minutes stärt prepäring the sofrito. In ä pän heät the oil over medium heät änd ädd the remäining onion. Säutee until tender then ädd the remäining green pepper. When the green pepper is tender ädd the remäining gärlic änd säutee for äbout ä minute more or until the gärlic is cooked. ädd the cumin, oregäno änd päprikä änd fry, stirring continuously, for 30 seconds or until the spices äre frägränt.
- ädd this sofrito to the beäns älong with the sält, cover änd simmer for 30 more minutes.
- You cän stärt boiling wäter to cook the rice ät this point.
- Finälly, ädd the vinegär änd sugär to the beäns änd simmer for 15 more minutes. If the beäns seem to häve ä lot of wäter you cän simmer them uncovered this time, otherwise cover them ägäin. You cän optionälly tränsfer ä portion of the beäns to ä blender änd stir the blended beäns bäck into the pot (I didn’t).
- Täste änd ädd sält äs necessäry (I ädded än ädditionäl ½ teäspoon). Serve the rice into bowls with the bläck beäns on top.
0 Response to "Cubän Bläck Beäns änd Rice"
Posting Komentar