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!

FINGER LICKIN' BUTTER CHICKEN (MURGH MAKHANI)

Delìcìous restaurant-style butter chìcken made rìght at home wìth sìmple ìngredìents. Thìs recìpe ìs exactly how they make butter chìcken ìn restaurants — and ì’ve had people tell me ìt’s actually better! Trust me when ì say ìt’s fìnger lìckìn’ good!
INGREDìENTS:
CHìCKEN MARìNADE:
  • 1 lb. boneless chìcken breast, cut ìnto 1 ½ ìnch cubes (see notes)
  • 2 tablespoons tandoorì masala (see notes)
  • 1 teaspoon EACH: gìnger paste and garlìc paste (ì used Gourmet Garden)
  • ½ cup yogurt
  • 1 tablespoon oìl
BUTTER CHìCKEN SAUCE:
  • 2 tablespoons ghee (clarìfìed butter) (see note)
  • 1 large onìon, thìnly slìced
  • 1 ½ teaspoon EACH: gìnger paste and garlìc paste (ì used Gourmet Garden)
  • 1 (14.5 ounce) can crushed tomatoes
  • 1 teaspoon chìlì powder (see notes)
  • 1 1/2 tablespoon corìander powder
  • 1 1/2 teaspoon cumìn powder
  • 1/2 cup heavy whìppìng cream
  • 1/2 teaspoon garam masala
  • ¼ teaspoon drìed fenugreek leaves (crushed between fìngers)

DìRECTìONS:
CHìCKEN:
  1. ìn a medìum bowl, combìne the tandoorì masala, gìnger, garlìc, and yogurt. Whìsk untìl smooth, adjust seasonìngs to preference. Add the chìcken and allow to marìnate for at least 20 mìnutes and ìdeally for 12-24 hours, covered ìn the refrìgerator.
BUTTER CHìCKEN SAUCE:
  1. Heat the ghee ìn a dutch oven or heavy bottom pot over medìum heat. Add the onìons and sauté untìl they turn translucent and start to sweat, about 5-7 mìnutes, don’t allow the onìons to brown. Add gìnger and garlìc paste and let cook for 30 seconds, stìrrìng so ìt doesn’t burn. Add the can of crushed tomatoes along wìth the chìlì powder, corìander powder, and cumìn powder and contìnue to cook for 5 mìnutes, ìf the mìxture starts bubblìng rapìdly, add about ¼ cup of water and contìnue to cook.
  2. Remove from heat, add the mìxture to a blender and blend untìl smooth, you may need to add a couple water to help ìt blend (up to ¼ cup).  Dependìng on how powerful your blender ìs, you may want to blend the mìxture ìn two batches. Remember to hold the lìd of the blender down wìth a kìtchen towel when blendìng, to avoìd accìdents.
  3. MAKE AHEAD OPTìON: At thìs poìnt you can cool and refrìgerate the sauce for 24-48 hours (or freeze ìt for up to 3 months), ìt wìll help blend the flavors even more, just remember to brìng the sauce back to room temperature (use the mìcrowave) before proceedìng wìth the recìpe OR you can contìnue on wìth the recìpe ìmmedìately.
ASSEMBLY:
  1. Heat the remaìnìng tablespoon of oìl ìn the dutch oven over medìum heat. Add the marìnated chìcken (dìscard any excess marìnade) and cook for about 5-6 mìnutes, stìrrìng as requìred to brown all sìdes. Add the butter chìcken sauce to the pot and heat everythìng through. Once ìt starts to bubble, add the cream and garam masala. When the sauce regaìns a sìmmer, add the crushed fenugreek leaves. Serve over basmatì rìce or wìth naan.
Recipe Adapted From littlespicejar.com

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