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!
CHICKEN AVOCADO BURGER WITH CHIPOTLE YOGURT SAUCE
Chicken Avocado Burger with Chipotle Yogurt Sauce ~ Chicken Burger Stuffed with Avocado, Garlic, Feta Cheese and Drizzled with a Delicious Chipotle Yogurt Sauce!
Can you believe that two months ago I had never had an avocado? Yup. I said it. I admit it. I just didn’t know what to do with them or how to eat them or what not. I never grew up eating them and sometimes we just never leave that safe little circle of childhood do we? Sometimes I wish I could go back to that safe little circle in general. To have things taken care of, not have to worry, Mom and Dad protect you. I never appreciated it back then and when I have enough smarts to appreciate it I’m not there anymore! Now I’m a Mom and I’m supposed to be keeping my two little chicks safe in that bubble.
Here’s the deal. When I’m eating “healthier” I don’t really want to feel like I’m eating healthy. Kind of backwards right? You know what I mean though. I’m not a bunny and I don’t want to eat bunny food, well I mean some of it but not all of it. I love that during the summer I can fire that grill up and make delicious, healthy food. The thing I enjoy about these Chicken Avocado Burgers is that I don’t need to wait until summer if I want to enjoy them! You can use a grill pan on your stovetop or a broiling pan in your oven to cook these babies up. Or if you are just lazy and don’t want to drag everything outside I totally understand. Plus, some of you live where it’s 100+ degrees in the summer and slaving over a grill doesn’t sound like much fun either! Whatever the case is just go make these delicious burgers!
Ingredients
Chicken Burger
- 1 lb ground chicken
- 1 avocado chopped
- 3 garlic cloves minced
- 1/2 c. panko crumbs
- 1 tsp salt
- 1 tsp pepper
- 1/4 c. minced onion
- 1 c. crumbled feta cheese
- 4 buns
Chipotle Yogurt Sauce
- 3/4 c. non fat Greek yogurt
- 1 small chipotles in adobo sauce seeds removed
- 1 clove garlic
- 1/4 tsp salt
Instructions
- In a large mixing bowl mix together ground chicken, garlic, panko, salt, pepper, onion and cheese. Gently mix in avocado.
- Form mixture into four burgers. Place in grill pan on stove top and grill each side for about 5 minutes or until internal temperature reaches 160 degrees.
- Meanwhile blend yogurt ingredients together in blender.
- Remove burgers from pan when done and place on buns. Drizzle with chipotle sauce.
0 Response to "CHICKEN AVOCADO BURGER WITH CHIPOTLE YOGURT SAUCE"
Posting Komentar