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!
TOMATO TORTELLINI SOUP {STOVE TOP AND SLOW COOKER VARIATIONS}
Simple and hearty, this Tomato Tortellini Soup is a great recipe for dinner when you need some good comfort food that will fill you up. Stove top and Slow cooker variations to fit your need!
You know how there are certain things out there that have suddenly become synonymous with “healthy” and then the opposite becomes demonized? Well that is certainly the case with gluten. Over the past several years the term “gluten free” is seen everywhere and it has become the norm that gluten is a big NO-NO if you want to live a healthy, nutritious life.
This question gets asked often. I would encourage you to freeze it without the tortellini. You can add some tortellini then when you thaw it. Otherwise the past doesn’t always hold up very well and that’s not what you want out of this soup at all, right??
Other than that, this Tomato Tortellini Soup is cozy and delicious and sure to make everyone’s belly’s happy!
INGREDIENTS :
- 2 handfuls Spinach
- 1 tsp garlic powder or 3 cloves
- 1 tsp basil (Italian seasoning works too!)
- 4 -5 c broth
- 1/4 tsp Red pepper
- 1 8-12oz. Tortellini package
- sea salt and pepper to taste
- olive oil (for stove top)
- 1 24 oz. jar marinara
- 1 onion, diced
- 2 14.5 can tomatoes
- 1 6 oz. can tomato paste
INTRUCTIONS :
For Stove Top:
- Over medium high heat, heat olive oil. sauté onion until translucent.
- Add all other ingredients except tortellini. Heat over medium and bring to a light bubble for about 5 minutes stirring occasionally.
- Turn to low and allow to simmer for about 10-15 minutes. Several minutes before serving, add in tortellini and simmer until softened.
- Enjoy with fresh basil, garlic bread and your favorite shredded parmesan cheese!
For Slow Cooker:
- Combine all ingredients into slow cooker except for tortellini. Cook on low 4-6 hours or High 2-3 hours.
- Add in tortellini about 10 minutes before serving and allow to cook until al dente. Serve with your favorite garnishes!
0 Response to "TOMATO TORTELLINI SOUP {STOVE TOP AND SLOW COOKER VARIATIONS}"
Post a Comment