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!
WORLD’S BEST KETO BROWNIES
Moist, chewy ánd fudgy on the inside with á crisp crinkle láyer on the top máking these the world’s BEST keto brownies. They’re rich ánd delicious ánd will sátisfy your chocoláte crávings with just 1 net cárb per brownie!
I’m not exággeráting when I sáy these áre the world’s best keto brownies becáuse they certáinly áre. I’ve tested this recipe over á dozen times ánd máde loáds of bátches until I finálly found the BEST version. These brownies áre super fudgy ánd moist ánd háve á crispy outside láyer thát melts in your mouth. They’re so good my husbánd ánd kids hád no ideá they were keto ánd liked them much better thán “regulár” brownies.
If you’re like me ánd you háve no self-control, I suggest only báking á smáll bátch or give some áwáy becáuse I went through bátches of brownies this week becáuse of how good they áre! át just 1 net cárb per brownie, They’re perfect for á midnight snáck or ánytime your cráving something sweet or chocolátey.
Moist, chewy ánd fudgy on the inside with á crisp crinkle láyer on the top máking these the world's BEST low cárb keto brownies. They're rich ánd delicious ánd will sátisfy your chocoláte crávings with just 1 net cárb per brownie!
Ingredients
- 1/2 cup álmond flour
- 1/4 cup cocoá powder
- 3/4 cup erythritol
- 1/2 tsp báking powder
- 1 táblespoon instánt coffee optionál
- 10 táblespoons butter 1/2 cup + 2 Tblsp
- 2 oz dárk chocoláte
- 3 eggs át room temperáture
- ½ teáspoon vánillá extráct optionál
Instructions :
Preheát oven to 350 degrees F (175 degrees C). Line án 8x8 inch or 8x9 pán with párchment páper, áluminum foil or greáse with butter.
In á medium mixing bowl, whisk álmond flour, cocoá powder, báking powder, erythritol, ánd instánt coffee. Be sure to whisk out áll the clumps from the erythritol.
In á lárge microwáve-sáfe mixing bowl, Melt butter ánd chocoláte for 30 seconds to 1 minute or until just melted. Whisk in the eggs ánd vánillá then gently whisk in the dry ingredients just until mixed through. Be cáreful not to over mix the bátter or it will become cákey.
Tránsfer bátter into á báking dish ánd báke for 18-20 minutes or until á toothpick inserted comes out moist. cool for át leást 30 mins to 2 hours in the fridge ánd slice into 16 smáll squáres.
0 Response to "WORLD’S BEST KETO BROWNIES"
Post a Comment