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!

Smoked Salmon & Scrambled Eggs on Potato Pancakes

Smoked Salmon & Scrambled Eggs on Potato Pancakes

Turn simple scrambled eggs into a luxurious breakfast or brunch.  A wonderful way to start the day!

Serves 4
Preparation time:  15 minutes
Cooking time:  20 minutes

Ingredients

For the potato pancakes:
250g floury potatoes, peeled & boiled until tender, drained
25g butter, softened plus extra for frying
2 egg yolks
3 egg whites, whisked until stiff peaks have formed
2 tbsp plain flour
4 tbsp double cream
Salt & freshly ground pepper

For the scrambled eggs:
4 tbsp butter
6 eggs, lightly beaten
2 tbsp milk
6 tbsp double cream
Salt & Freshly ground pepper

To serve:
150g-200g smoked salmon slices
4 lemon wedges
1 tbsp fresh chives, chopped



Preparation method

1.  For the potato pancakes, mash the potatoes with a potato ricer or masher until smooth, now add the butter and egg yolks, then fold in the flour until fully combined.

2.  Gradually add the double cream until you have a smooth batter and season with salt & pepper.  Now carefully fold through the egg whites until fully combined.

3.  In a large frying pan heat a knob of butter, when the butter begins to foam add 4 spoonfuls of potato batter to the pan making sure you have space between each one.  Fry for 2-3 minutes on each side until golden brown.  Remove from the pan and keep warm.  Repeat this process until you have 12 pancakes.

4.  For the scrambled eggs, melt the butter in a saucepan over a low heat.  Add the eggs and milk, stir continuously until thick and scrambles and then stir in the cream.  Remove from the heat and season to taste.

5.  To serve, place three potato pancakes on the centre of four warmed serving plates.  Spoon over the scrambled eggs and place the smoked salmon on top.  Garnish with chopped chives and lemon wedges.

BERITA LENGKAP DI HALAMAN BERIKUTNYA

Halaman Berikutnya

Subscribe to receive free email updates:

0 Response to "Smoked Salmon & Scrambled Eggs on Potato Pancakes"

Posting Komentar