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!

MINI STRAWBERRY PIES WITH SUGAR COOKIE CRUST

MINI STRAWBERRY PIES WITH SUGAR COOKIE CRUST 
Mini Strawberry Pies loaded with the most unbelievably delicious strawberry pie filling all nestled in easy soft and chewy, buttery, sugar cookie crusts = the most adorable, crowd pleasing, make ahead dessert!
Mini Strawberry Pies with Sugar Cookie Crust 
Prep Time 30 minutes
Cook Time 20 minutes
Servings 12 pies

INGREDIENTS
  • 1 16 oz. package Pillsbury refrigerated sugar cookie dough
Strawberry Filling
  • 2 pounds strawberries hulled, halved divided
  • 1/2 cup water
  • 1/3 cup sugar
  • 1 1/2 tablespoons cornstarch
  • 1 Pinch salt
  • 3 tablespoons strawberry gelatin (powdered Jell-O)
  • 2 teaspoons lemon juice
Whipped Cream
  • 1 cup heavy whipping cream
  • 2 tablespoons sugar 
INSTRUCTIONS
Sugar Cookie Pie Crust
  1. NOTE - Sugar Cookie Pie Crusts can be made first and stored in an airtight container once cooled (up to 24 hours in advance) or made and cooled right before filling with strawberries.
  2. Preheat oven to 350 degrees F.
  3. Grease a 12-cup muffin tin with nonstick cooking spray with FLOUR or grease and flour your pan. Cut cookie dough into 12 even slices and press into the bottom and about 2/3 up the sides of prepared muffin cups.*
  4. Bake for 18-20 minutes or until edges are barely golden. Let cool 5 minutes then gently transfer to a wire rack to cool completely (about 20 minutes). If your mini crusts don't cave in the center after cooling, then gently press the insides down with the bottom of a tablespoon.
Strawberry Glaze
  1. Add 1 cup roughly chopped strawberries and 1/2 cup water to a blender and puree until smooth, scraping down sides as needed.
  2. Add puree to a small saucepan along with cornstarch, sugar and a pinch of salt. Cook over medium high heat, stirring constantly, until thickened, being careful not to over-thicken (or your glaze will be more like Jell-O consistency once cooled). Transfer to a large bowl and stir in Jell-O and lemon juice. Cool to room temperature. Set aside.
Strawberry Filling
  1. Slice any extra large strawberry halves into quarters and add all strawberries to cooled Strawberry Glaze and stir until evenly coated. Refrigerate for at least 2-5 hours, up to 24.
  2. When ready to serve, spoon filling into cooled cookie cups.
Whipped Cream
  1. When ready to serve, place a metal mixing bowl and metal whisk in the freezer for 10 to 15 minutes. Remove and add sugar and heavy cream. Whisk over medium high speed until stiff peaks form. Dollop mini pies with cream. Serve immediately.
RECIPE NOTES
*I dip my fingertips in flour before I press the dough into the cups – makes the dough super easy to work with.

BERITA LENGKAP DI HALAMAN BERIKUTNYA

Halaman Berikutnya

Subscribe to receive free email updates:

ARTIKEL POPULER