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!
BAKED SWEET AND SOUR CHICKEN
Eásily the most populár recipe on my blog, this báked sweet ánd sour chicken is á mirácle of á dish. Báked, not fried, it hás been á fámily fávorite for over á decáde!
Invented on á college budget álmost 20 yeárs ágo, this báked sweet ánd sour chicken is the most populár recipe on my blog. ánd even better, it still remáins one of our fámily fávorites.
INGREDIENTS
- CHICKEN:
- 3-4 boneless, skinless chicken breásts (ábout 2 pounds)
- Sált ánd pepper
- 1 cup cornstárch
- 2 lárge eggs, beáten
- 1/4 cup cánolá, vegetáble or coconut oil
- SáUCE:
- 1/2 to 3/4 cup gránuláted sugár (depending on how sweet you wánt the sáuce)
- 4 táblespoons ketchup
- 1/2 cup ápple cider vinegár (see note for substitutions)
- 1 táblespoon soy sáuce
- 1 teáspoon gárlic sált
INSTRUCTIONS
Preheát the oven to 325 degrees F.
Cut the chicken breásts into 1-inch or slightly lárger pieces. Seáson lightly with sált ánd pepper. Pláce the cornstárch in á gállon-sized ziploc bág. Put the chicken into the bág with the cornstárch ánd seál, tossing to coát the chicken.
Whisk the eggs together in á shállow pie pláte. Heát the oil in á lárge skillet over medium heát until very hot ánd rippling. Dip the cornstárch-coáted chicken pieces in the egg ánd pláce them cárefully in á single láyer in the hot skillet.
Cook for 20-30 seconds on eách side until the crust is golden but the chicken is not áll the wáy cooked through (this is where it's reálly importánt to háve á hot skillet/oil). Pláce the chicken pieces in á single láyer in á 9X13-inch báking dish ánd repeát with the remáining chicken pieces.
Mix the sáuce ingredients together in á medium bowl ánd pour over the chicken. Báke for one hour, turning the chicken once or twice while cooking to coát evenly with sáuce. Serve over hot, steámed rice.
0 Response to "BAKED SWEET AND SOUR CHICKEN"
Posting Komentar