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!

SALMON PAPPARDELLE WITH SPINACH AND WATERCRESS PESTO

This might seem like a complicated recipe, but if you stick to the steps you’ll be just fine. In fact I think after you inhale it and lick the last splashes of creamy pesto sauce from the plate, you’ll be so glad you made it!

Step 1 – Make the amazingly green pesto sauce using spinach and watercress. Yup, there’s still a few leaves of basil to add, but this is spinach driven. Throw the ingredients in a blender and hit the button.
Step 2 – Season your gorgeous deep red salmon filet and bake it in the oven. I used Coho salmon but feel free to use any other variety. Once it’s baked, get in there with your fingers and pull it apart. Toss the skin!

Step 3 – Boil the pasta, (yawn). So easy you can even check your messages and snap a pic for Instagram! Follow me while you’re at it @foodnessgracious
Step 4 – Make the sauce, taste it with a tiny spoon just like a real french chef and adjust the taste with some salt and pepper. Take the bright green fresh pesto that you created and add it to the white sauce. Watch it turn into another crazy shade of green. Colorful food is so cool!

Step 5 – The exciting part, start telling everyone dinner is ready. Throw the pasta and flaked salmon into the sauce, toss and shower with grated Parmesan.
You know what step 6 should be, right?

Fresh spinach and watercress pesto with salmon and Parmesan

SALMON PAPPARDELLE WITH SPINACH AND WATERCRESS PESTO 

COURSE: MAIN COURSE

CUISINE: ITALIAN

PREP TIME: 45 MINUTES

COOK TIME: 20 MINUTES

TOTAL TIME: 1 HOUR 5 MINUTES

SERVINGS: 4 PEOPLE

CALORIES: 331 KCAL

AUTHOR: FOODNESSGRACIOUS
an easy weeknight dinner. Pappardelle pasta is tossed in a creamy spinach and watercress pesto. Add some roasted salmon for a great touch of protein.

INGREDIENTS

  • 2 cloves large garlic peeled
  • 2 1/2 cups spinach leaves
  • 2 1/2 cups watercress leaves
  • 6 leaves small-medium sized basil
  • 1/2 cup grated Parmesan
  • 1 1/4 cups olive oil
  • 3/4- pound salmon filet
  • 1 tablespoon olive oil
  • 1 teaspoon fresh chopped thyme
  • Salt and cracked black pepper
  • 8 oz dry pappardelle pasta
  • 1 cup heavy cream
  • 3/4 cup whole milk
  • 1 tablespoon unsalted butter
  • 1/4 teaspoon garlic powder

INSTRUCTIONS

MAKE THE PESTO

  1. Add the garlic cloves, spinach, watercress and Parmesan to a blender and turn to high.
  2. Slowly add the olive oil until the mixture becomes liquid and has no lumps.
  3. Season to taste with some salt and black pepper and set aside.
  4. Preheat the oven to 400 degrees F.
  5. Season the salmon with the thyme, salt and black pepper.
  6. Place a large oven-proof skillet (10-12 inch) on a high flame and add the tablespoon of olive oil.
  7. When the oil gets hot, gently add the salmon filet skin side up.
  8. Cook for about 3 minutes and then flip over. Place in the oven and bake for 10-12 minutes.
  9. Transfer the salmon to a plate and cook the pasta as per the manufacturer's instructions.
  10. Drain the pappardelle.
  11. In the same pan as you cooked the salmon, add the cream, milk, butter and garlic powder.
  12. Bring to a boil and cook for about 5 minutes, It should thicken slightly.
  13. Season with salt and pepper and add 1/4 cup of the spinach pesto you made earlier.
  14. Whisk the pesto into the cream and taste. Add more pesto if desired.
  15. Take the drained pasta and add it to the cream sauce.
  16. Flake the salmon with a fork getting rid of any skin that you see.
  17. Crumble the salmon over the pasta and toss the mixture together in the pan.
  18. Garnish with some more grated Parmesan and spinach leaves.
  19. Serve at once.

RECIPE NOTES

The pesto should make about 1 1/2 cups. Keep any extras in the fridge and use for more pasta dishes.
Nutrition Facts
Salmon Pappardelle with Spinach and Watercress Pesto
Amount Per Serving
Calories 331
* Percent Daily Values are based on a 2000 calorie diet.

 more recipes @ foodnessgracious.com

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