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!
Avocado Egg Salad Roll Ups
Avocado Egg Salad Roll Ups
HEALTHY NO MAYO Avocado Egg Salad Roll Ups is perfect way to use leftovers of hard-boiled Easter Eggs. This simple recipe with only a few ingredients make perfect go-to lunch or snack, party food to feeding a crowd or just delicious way to get your morning protein in.
Easter has passed and now we get from hunting eggs to eating them. Probably many of you have a basket full of dyed Easter eggs and don’t know what to do with them. This simple Avocado Egg Salad Roll Ups is perfect idea how to use leftovers of Easter hard-boiled eggs.
But not just after Easter, these avocado egg salad filled tortillas are perfect crowd pleaser appetizers for summer picnics and parties. You are probably used to eat egg salad sandwiches, but this is an interesting twist on classic.
Avocado Egg Salad Roll Ups
HEALTHY Avocado Egg Salad Roll Ups is simple recipe with only a few ingredients. This is perfect crowd pleaser appetizers for summer picnics and parties.
Ingredients
- 1 avocado-mashed
- 4-5 hard-boiled eggs chopped in small pieces
- 1 Tablespoon fresh lemon juice
- 2-4 Tablespoons plain Greek yogurt (start with 2 and add more if the salad seems to dry)
- 1 green onion-thinly sliced
- 1 Tablespoon red onion-diced (or more to taste)
- 2 Tablespoons fresh parsley-chopped
- 1/8 teaspoon black pepper
- ¼ teaspoon salt (or more to taste)
- 3-4 whole wheat flour tortillas (8 or 10 inch diameter)
How To Make :
- In a large bowl combine all ingredients (except tortillas) and stir with a wooden spoon until evenly blended.
- Spread the mixture over tortilla and roll up tightly. Repeat with remaining salad. I had enough filling for 3 10 inch diameter tortillas.
- Slice with serrated knife into ½- 3/4 inch slices. You can slice them immediately or refrigerate until firm (about 30 mins). It’s easier to slice when chilled.
- Store in the fridge in an airtight container until ready to serve
0 Response to "Avocado Egg Salad Roll Ups"
Post a Comment