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!

CHEESY BROCCOLI RICE

CHEESY BROCCOLI RICE
CHEESY BROCCOLI RICE
Even though we try very hard to eat healthy around here there are some things I use to buy prepackaged that I get a craving for. My biggest weakness has always been boxed rice mixes.
You know the one I’m talking about. You saute the rice, add the water and flavor packet, let it simmer and eat an entire pan full by myself. Well it was rice… but it had ingredients and additives in it I couldn’t pronounce.
Cheesy Broccoli Rice satisfies my boxed rice cravings perfectly. It’s homemade and absolutely delicious, plus I know every ingredient it’s made with! Long grain rice, real cheese and spices with a veggie thrown in for good measure.
It’s also a very versatile recipe. I’ve made it with cheddar cheese, tonight I made it with Monterey Jack. You can switch out the broccoli with a veggie your family loves, or make it without one. Cheesy Broccoli Rice is a homemade side dish your whole family will eat and love, Enjoy!

Cheesy Broccoli Rice

  • Ingredients
  • 1 tablespoon oil
  • 1 cup long-grain white rice
  • 2 cups chicken broth
  • 2 tablespoons butter
  • 2 cups broccoli or veggie of your choice, steamed and chopped roughly
  • 1 1/3 cups grated cheese use the cheese your family loves...Cheddar, Monterey Jack etc...
  • 1 teaspoon garlic powder
  • salt and pepper to taste
  • milk as needed to thin before serving if nessecary
Instructions
  1. Place the oil in a medium size sauce pan over medium to low heat.
  2. Add the rice to the pan, cook and stir, until the rice starts to turn golden brown.
  3. Add the chicken broth to the pan, heat till it starts to boil. Place a lid on the pan.
  4. Cook, covered, for 15 - 20 minutes or until most of the chicken broth is absorbed.
  5. Remove from the heat and add the butter, chopped broccoli, cheese, and garlic powder. Stir until well incorporated. Cover and let sit for 5 minutes.
  6. Stir again and add salt and pepper to taste ,add milk if desired to get the consistency you want.
more recipes @ https://bunnyswarmoven.net


BERITA LENGKAP DI HALAMAN BERIKUTNYA

Halaman Berikutnya

Subscribe to receive free email updates:

ARTIKEL POPULER