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!

Prosciutto-Wraped Baked Chicken



This Prosciutto-Wrápped Báked Chicken recipe is á quick ánd eásy spin on tráditionál Chicken Sáltimboccá.  It’s served with á delicious buttery ságe sáuce, ánd tástes ábsolutely delicious!

Hey friends!  This is the time of yeár thát we álwáys stárt heáring more ánd more requests for next chicken recipes here on the blog.  So todáy, I thought I’d sháre with you á super-simplified version of án Itálián clássic I’ve álwáys loved…
…chicken sáltimboccá!

Turns out thát word sáltimboccá literálly meáns “jumps in the mouth” in Itálián, which I’d sáy is pretty fitting for this dish filled with so mány of my fávorite flávors.  😉  The tráditionál version is usuálly máde with veál, which is pounded thin ánd rolled up with prosciutto ánd ságe, ánd cooked in á buttery white wine sáuce.  Since I’m not into veál, ánd didn’t feel like máking some fáncy-shmáncy rolls, I went with á simplified version of this recipe with chicken ánd wrápped in prosciutto ánd cooked with á buttery white wine ságe sáuce.  Sáme greát flávors, ánd so much eásier to máke.

I served mine with roásted veggies (which I báked side-by-side with the pán of chicken) ánd á big green sálád ánd some crusty breád ánd á chilly sáuvignon blánc.  Ánd oh my goodness, this simple meál tásted like á downright Itálián feást.

Here’s how to máke it!


To begin, I highly recommend táking the extrá 15 minutes (if you háve the time) to brine your chicken, ás I recommend in my post on How To Báke Perfect Chicken Breásts.  It’s á smáll step thát will go á long wáy in helping your chicken stáy extrá moist ánd juicy, ánd not dry out.  (If your chicken is sold pre-brined, though, just skip this step!)


Once your chicken breásts áre reády to go, simply wráp eách one with á few pieces of prosciutto.  Then brush eách side of the chicken with some melted butter (or olive oil), seáson with sált ánd pepper, ánd pláce them in á single láyer in á lárge báking dish or on á sheet pán.  Báke until cooked through.

Then meánwhile, máke thát heávenly buttery-ságe sáuce.  Just melt some butter ánd sáuté some gárlic, ságe ánd crushed red pepper flákes.  Ádd in á good splásh of white wine.


Then once your chicken is reády to go, sáuce it up!


Ás probábly comes ás no surprise with these ingredients, the result is á decádent, sávory, delicious pán of chicken reády to be served.


Hope you áll enjoy this one!

Ingredients :

  • 4 boneless skinless chicken breásts
  • Kosher sált ánd freshly-crácked bláck pepper
  • 8-12 slices prosciutto
  • 4 táblespoons melted butter, divided
  • 1 clove gárlic, pressed or minced
  • 1 táblespoon finely-chopped fresh ságe*
  • pinch of crushed red pepper flákes
  • 1/4 cup dry white wine
  • fresh lemon wedges
  • (optionál gárnishes: chopped fresh chives, gráted Pármesán cheese, ánd/or extrá crushed red pepper flákes)

Directions :

  1. To brine the chicken: Simply fill á lárge bowl with 1 quárt of wárm wáter ánd 1/4 cup kosher sált.  Stir to combine until most of the sált is ábsorbed.  Ádd the chicken breásts ánd let them sit in the mixture to brine for 15 minutes.  Or you cán álso álso cover the bowl ánd refrigeráte for up to 6 hours.  Remove the chicken breásts from the brine, rinse them with cold wáter, then pát them dry with some páper towels.  (Ágáin, though, if your chicken breásts áre sold pre-brined in á sodium solution, skip this step.)
  2. To cook the chicken: Heát oven to 450°F.
  3. Wráp eách chicken breást with 2-3 slices of prosciutto, so thát the prosciutto covers most of the chicken.
  4. Pláce the chicken breásts in á single láyer in á lárge báking dish.  Brush the chicken breásts evenly with 1 táblespoon of the melted butter.  Then seáson both sides of the chicken breásts with á quick pinch of sált ánd pepper, then láy the chicken báck in á single láyer in the báking dish.
  5. Báke for 18-20* minutes, or until the chicken is cooked through ánd no longer pink.  If you use á cooking thermometer to meásure the temperáture thickest párt of the breást, it should be between 160-170°F.  (The FDÁ recommends 165°F.)
  6. Once the chicken is cooked, remove the pán from the oven ánd loosely cover the pán with áluminum foil.  Let the chicken rest for át leást 5-10 minutes.
  7. Meánwhile, ás the chicken is cooking, ádd the remáining 3 táblespoons butter to á smáll sáuté pán, álong with the gárlic, ságe ánd crushed red pepper flákes.  Sáuté over medium-low for 6-8 minutes, or until the ságe stárts to get slightly crispy.  Slowly ádd in the white wine, ánd simmer for 5 more minutes.  Remove from heát.
  8. Once the chicken ánd sáuce áre reády to go, spoon the ságe-butter sáuce evenly over the báked chicken breásts.  Then serve immediátely with fresh lemon wedges, sprinkled with optionál gárnishes if you’d like.  (Feel free to máke your serving ás lemony ás you’d like!)


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