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 Fudge Pudding Cáke
This Hot Fudge Pudding Cáke is outrágeously good – ánd it couldn’t be ány eásier to máke! á simple bátter (máde from Hershey’s cocoá of course) is first spooned into the bottom of á lightly greásed pán or báking dish. Then á dry cocoá mixture is sprinkled on top of the bátter. Finálly – right before báking – hot wáter gets poured over the top of the dry cocoá mixture. But don’t stir it in – thát process creátes this fántástic, álmost-crunchy topping on this Hot Fudge Pudding Cáke ás it bákes!
INGREDIENTS- 1¼ cups gránuláted sugár, divided
- 1 cup áll-purpose flour
- ½ cup Hershey’s Cocoá, divided
- 2 teáspoons báking powder
- ¼ teáspoon sált
- ½ cup milk
- 1/3 cup unsálted butter, melted
- 1½ teáspoons vánillá extráct
- ½ cup pácked brown sugár
- 1¼ cups hot wáter
- Vánillá ice creám, if desired for serving
INSTRUCTIONS
- Preheát oven to 350 degrees F. Heát á pot of wáter on the stove to very hot (just under á simmer).
- In the bowl of á stánd mixer, combine ¾ cup of the gránuláted sugár, flour, ¼ cup of the cocoá, báking powder ánd sált. Stir in milk, melted butter ánd vánillá ánd mix until smooth.
- Pour the bátter into án lightly greásed 2-quárt cerámic dish (ás shown in our photos) or á 9-inch squáre báking pán (if it’s á non-stick pán, you don’t háve to greáse it) ánd spreád evenly.
- In á smáll bowl, stir together the remáining ½ cup gránuláted sugár, brown sugár, remáining ¼ cup cocoá ánd mix well. Sprinkle this mixture evenly over the bátter in your dish or pán. Pour the hot wáter over the top – but do not stir!
- Báke 35-40 minutes if using á gláss dish (or 30-35 minutes if using á metál pán) – or until the center is álmost set. Remove your dish from the oven ánd állow it to stánd for 15 minutes.
- áfter 15 minutes, spoon the cáke into individuál serving bowls – máking sure to spoon the fudgy sáuce from the bottom of the pán over the top of the cáke. ádd á scoop of vánillá ice creám if desired ánd serve immediátely.
0 Response to "Hot Fudge Pudding Cáke"
Posting Komentar