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!
20-Minute Shrimp & Sausage Skillet Paleo Meal Recipe
Think healthy and hearty paleo cooking takes forever? Got 20 minutes?
whole30 compliant recipe markHere’s a unique surf and turf kind of paleo meal that’s quick and easy. And it’s loaded with wholesome, nutritious stuff which makes it even better.
This paleo dish takes more time to chop the fresh veggies than it does to cook. And with its super-easy spices and a pre-cooked sausage of your choice, it’ll be on your plate in a snap!
For those of you who aren’t familiar with Old Bay Seasoning, it’s awesome! Your mom and grandma probably had this in their cupboard. Smart ladies! And for good reason. It’s a 70-year-old secret mix of herbs and spices that includes celery salt, red pepper, mustard, black pepper, bay leaves, cloves, paprika and some other ingredients they don’t list. I love it. It adds an awesome zip to seafood and poultry. And it’s really inexpensive compared to most pre-mixed spices. Be sure and add this classic to your spice rack!
Ingredients
- 1 lb of medium or large shrimp (peeled and deveined)
- 6 oz of pre-cooked smoked sausage, chopped (choose your favorite)
- 3/4 cup diced red bell pepper
- 3/4 cup diced green bell pepper
- 1/2 of a medium yellow onion, diced
- 1/4 cup chicken stock
- 1 zucchini, chopped
- 2 garlic cloves, diced
- Salt & pepper to taste
- Pinch of red pepper flakes
- 2 tsp Old Bay Seasoning
- Olive oil or coconut oil
- Optional garnish: chopped parsley
- Servings
- Serves about 4
Instructions
- Heat a large skillet over medium-high heat with some olive oil or coconut oil
- Season shrimp with Old Bay Seasoning
- Cook shrimp about 3-4 minutes until opaque – remove and set aside
- Cook onions and bell peppers in skillet with 2 Tbsp of olive oil or coconut oil for about 2 minutes
- Add sausage and zucchini to the skillet, cook another 2 minutes
- Put cooked shrimp back into skillet along with the garlic, and cook everything for about 1 minute
- Pour chicken stock into pan and mix through to moisten everything
- Add salt, ground pepper, and red pepper flakes to taste
- Remove from heat, garnish with parsley and serve hot
0 Response to "20-Minute Shrimp & Sausage Skillet Paleo Meal Recipe"
Posting Komentar