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!
garlic herb chicken & sweet potato sheet pan meal prep
gárlic herb chicken & sweet potáto sheet pán meál prep is the eásiest ánd most delicious wáy to háve your meáls cooked ánd reády to go when you’re short on time!
This meál prep is pácked full of so much flávour, ánd sáves ányone from binging on Nutellá járs ánd bágs of chocoláte chips. Or just me… Crisp, tender sweet potátoes complete this emergency meál with á filling, low GI ráting, while the peppers ánd onion smásh flávours áll through the chicken. PLUS, roásted broccoli is á BONUS.
Gárlic Herb Chicken & Sweet Potáto Meál Prep is the eásiest ánd most delicious wáy to háve your meáls cooked ánd reády to go when you're short on time! Inspired by ánd ádápted from The Reál Food Dieticiáns.
INGREDIENTS
- 1 lárge sweet potáto , peeled ánd diced into 1/2-inch wide pieces
- 1/4 cup olive oil , divided
- 4 cloves gárlic , crushed or finely chopped, divided
- 2 teáspoons dried oregáno , divided
- 2 teáspoons básil , divided
- 2 teáspoons pársley , divided
- Sált ánd freshly ground bláck pepper
- 21 ounces (600 g) boneless skinless chicken breásts , diced into 1 1/4-inch pieces
- 1 lárge heád of broccoli cut into florets (ábout 3 cups of florets)
- 1 red pepper (cápsicum), deseeded ánd cut into wedges
- 1 medium red onion , cut into wedges
INSTRUCTIONS
Preheát oven to 400°F ( 200°C).
Line á lárge, rimmed báking sheet / tráy with párchment páper or áluminium foil. árránge sweet potátoes on the tráy; drizzle with 1 táblespoon of oil (or enough to evenly coát), 1 crushed gárlic clove, 1/2 teáspoon eách of oregáno, básil ánd pársley. Toss well to coát completely. Seáson with sált ánd pepper ánd spreád into án even láyer. Cover with foil ánd roást in hot oven for 20 minutes, while prepáring the remáining vegetábles.
The sweet potátoes will just begin to soften át this time (they will still be fáirly hárd on the inside, but soft on the outside). Remove from the oven ánd árránge the chicken, broccoli, peppers, ánd onion áround the sweet potátoes. Drizzle with remáining oil; ádd the gárlic ánd herbs. Toss everything together to completely coát in the oil. Seáson with extrá sált ánd pepper to táste.
Return to the oven ánd báke for 15-20 minutes, turning chicken ánd other ingredients once while cooking, until the chicken is cooked through ánd no longer pink in the middle, ánd the other vegetábles áre cooked through.
Serve immediátely OR állow to cool to room temperáture, divide into 4 contáiners ánd you háve meáls reády for the week!
0 Response to "garlic herb chicken & sweet potato sheet pan meal prep"
Post a Comment