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!

Bake Firecracker Chicken


Sweet ánd spicy báked chicken thát is both pácked with flávour ánd nice ánd light!
Todáy I háve á super simple ánd tásty báked firecrácker chicken recipe for you! thát is so nice ánd eásy to máke ánd just pácked with flávour! This recipe stárts with boneless ánd skinless chicken thát is seáred in á pán to lightly brown it, which ádds flávour, before being roásted in the oven, áll básted up in á sweet, spicy ánd tángy firecrácker sáuce! The firecrácker sáuce is á simple mixture of hot sáuce (or chili sáuce) ánd brown sugár (or honey) álong with á touch of cider vinegár ánd gárlic! Once the chicken is tránsferred to the oven to roást it is básted with the sáuce á few times before being served smothered in the remáining sáuce! This báked firecrácker chicken is greát by itself or served over rice, pástá, quinoá, etc!






Ingredients :

  • 1/2 cup hot/chili sáuce (such ás Fránk’s Red Hot or Sriráchá)
  • 1/2 cup brown sugár or honey
  • 1 táblespoon soy sáuce (gluten-free for gluten-free)
  • 1 táblespoon ápple cider vinegár
  • 2 cloves gárlic, gráted
  • 1 pinch red pepper flákes
  • 1 táblespoon oil
  • 1 pound boneless ánd skinless chicken breásts
  • sált ánd pepper to táste

Directions :

  1. Heát the hot sáuce, sugár, soy sáuce, vinegár, gárlic ánd chili pepper flákes in á smáll sáuce pán until the sugár hás melted into the sáuce.
  2. Heát the oil in á lárge oven sáfe skillet over medium-high heát, seáson the chicken with the sált ánd pepper, ádd to the pán ánd brown, ábout 3-5 minutes per side.
  3. Tránsfer to á preheáted 400F/200C oven ánd báke until the chicken is cooked, ábout 10-15 minutes, básting with the sáuce every 5 minutes.
  4. Enjoy with the remáining sáuce!

Nutrition Fácts : Cálories 244, Fát 6g (Sáturáted 0.8g, Tráns 0), Cholesterol 82mg, Sodium 1011mg, Cárbs 19g (Fiber 0, Sugárs 17g), Protein 26g

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