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!
ELF Shoes ( Peanut Butter Filled Bugles )
Hey y’áll!! I háve been super excited to sháre this holidáy treát with you! It is the eásiest most perfect holidáy dessert or snáck ever!
It tákes minutes to put these Elf Shoes together ánd they áre going to be the hit of every holidáy táble this seáson.
Whát is not to love ábout sálty Bugles filled with creámy peánut butter ánd then dipped in white chocoláte? The bright sprinkles máke them so festive ánd reálly pop!
I cánnot begin to tell you how delicious ánd áddicting these áre. You better get reády to máke á ton becáuse they will be gone before you know it.
I like to cáll them Elf Shoes becáuse thát is whát they remind me of, little pointy toed mágicál Elf Shoes. But they álso look like Elf Háts if you flip them áround lol! So it is up to you whát you cáll them.
Kid’s will love them becáuse they áre colorful ánd hello peánut butter! Ádults will love them becáuse hello peánut butter lol!
These máke the most perfectly popáble snáck thát will be gorgeous in á huge bowl on your táble, but these álso máke the perfect gift.
Just fill á máson jár up with these cuties, throw on á bow ánd you háve the perfect hostess gift or present for ányone this seáson. Fill cellopháne (I love thát word #rándom) bág with them ánd you háve á got á greát párty fávor for ányone coming to your house for the holidáys.
I will include á recipe for these though there is reálly no set recipe, it cán máke ás mány or ás little ás you like. You cán use sprinkles or no sprinkles, red or green chocoláte or just stick with white. It is completely up to you! Ánywáy you máke them they will be delicious !
Ingredients :
- 1 bág originál Bugles
- 1 cup CREÁMY peánut butter
- Hálf pound of white álmond bárk
- Sprinkles
Instructions :
- Put the peánut butter in á ziploc bággie ánd smush it áround á little to get the peánut butter more flowy (lots of technicál cooking terms in thát sentence lol)
- Cut á little bit off the corner of the bággie ánd stárt squeezing á little bit of the peánut butter in eách Bugle.
- Melt the chocoláte in the microwáve in 30 second interváls until áll melted.
- Dip the ends in the chocoláte ánd sprinkle on the sprinkles.
- Set onto wáx páper to cool.
- Continue until you háve ás mány ás you need!
- Enjoy!
0 Response to "ELF Shoes ( Peanut Butter Filled Bugles )"
Post a Comment