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!


An easy dinner made all in one skillet. This Tex-Mex Skillet is loaded with chicken, rice, all the spices, and queso cheese!
Y’all, I am totally not ready for summer! I love looking out my window beside my desk at the bare trees. I love the cold breezes and the chilly mornings. I am gonna miss it so much. Living in Florida it gets hot quick, and I’m just not ready for that at all. I know those of you who are still buried under snow are thinking that I’m crazy, but this is all coming from someone who hardly gets a really good winter.
I plan on one of these days heading north for part of the winter, and enjoying hot chocolate by the fire, while watching the snow fall out the window. Building a snowman until my fingers are numb, and enjoying a real snowball fight! I’ve never had a snowball fight, but I’ve built plenty of snowmen. I grew up in central Alabama where I saw a blizzard in 1993, which was the best thing ever! Plus we had plenty of dustings here and there, and an inch or two every year or so. So I’m no newbie to snow. I just haven’t been in it since my youngest was a toddler.
The last snow we were in, we drove to central Alabama to visit my parents because they were guaranteed snow. It was quick, it came in, dropped several inches, and then was outta there. And by outta there, I mean it melted by that evening. Totally depressing, but we were thrilled that we got to frolic in it!

  1. 1 tablespoon olive oil
  2. 1 pound boneless skinless chicken breasts, cubed
  3. 2 teaspoons chili powder
  4. 1 teaspoon cumin
  5. 1/2 teaspoon smoked paprika regular paprika is fine, if you don't have smoked
  6. 1/2 teaspoon salt
  7. 1/4 teaspoon garlic powder
  8. 1/4 teaspoon onion powder
  9. 1/4 teaspoon oregano
  10. 1/4 teaspoon pepper
  11. 1/2 cup chicken broth
  12. 1 cup heavy cream
  13. 2 cups isntant rice
  14. 1 cup store bought queso blanco, metled it's usually in a small tub, found with the queso fresco cheese
  15. 1 cup chunky salsa We use mild, but you can spice it up by using hot
  16. 1/2 cup chopped fresh cilantro, divided
  17. 1 cup 4 cheese Mexican shredded We really like Sargento
  1. In a large skillet over medium high heat, add the olive oil, and cook the chicken cubes until they are no longer pink. Add all of your spices, and toss to coat the chicken. Remove the chicken from the pan, and set aside.
  2. Pour in the chicken broth, and scrape the bits from the bottom of the pan. Pour in the whipping cream, rice, melted queso, and salsa. Stir to combine. Bring to a boil, reduce heat, cover, and simmer for 5 minutes, or until the rice is fully cooked. 
  3. Once the rice is cooked, stir in 1/4 cup of the chopped cilantro and chicken. Top with the shredded cheese, and the remaining 1/4th cup of the cilantro. Cover, and allow to rest for 5 minute, so the cheese can melt on top.


Halaman Berikutnya

Subscribe to receive free email updates: