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!

BBQ Ranch Pasta Salad

BBQ Ranch Pasta Salad 
BBQ Ranch Pasta Salad will whip up in a snap! This easy recipe is full of zesty flavor and will soon become a favorite especially on those busy evenings. I love the combination of flavors from the creamy ranch to the crunch of the corn chips. The textures and flavors combine for a wonderful combination. We enjoy this salad cold, however you could also serve it warm. It’s up to you! It’s a wonderful pot-luck dish too. Who doesn’t love a BBQ Pot-luck with a little something different than the norm? Any way you serve the BBQ Ranch Pasta Salad is perfect. Try this recipe, and let us know what you think!
When I’m serving this BBQ Ranch Pasta Salad for dinner, I will mix up the sauce and get that set aside. Then quickly cook my pasta. I like this salad cold, so the earlier I can get my pasta done and cooling the better. Thank goodness for a cold water rinse when it’s all done to help speed up that cooling process. Lifesaver for sure. While the pasta is cooking, I cut up my chicken if I’m using a rotisserie, or I quickly cook up my cubed chicken, either way it’s pretty easy to accomplish this while the pasta is cooking.
BBQ Ranch Pasta Salad is full of zesty flavors that will wow your taste buds. Whip up this easy meal with cubed chicken.

  • 2 Cup Cooked Cubed Chicken *Try Rotisserie
  • 1 Can Kidney Beans *Black or Pinto Beans can be substituted - Rinsed and Drained
  • 1 1/2 Cup Corn Rinsed and Drained
  • 1 Bunch Green Onions Chopped and diced
  • 1/4 Cup Ranch Dressing Mix *or substitute 1 cup Ranch Dressing
  • 1 Cup Sour Cream
  • 1/2 Cup BBQ Sauce
  • 1 lb Pasta
  • 2 Cup Corn Chips
  • 1/2 -1 Cup Cheddar Cheese Optional
  1. In a small bowl mix 1/4 cup Powdered Ranch Mix and Sour Cream. Mix until blended. Add 1/2 cup BBQ Sauce. Mix to combine and set aside.
  2. In a large pot cook pasta. Follow directions on package. Rinse and drain pasta.
  3. In a large bowl combine cubed chicken, beans, corn, and pasta. Toss and miss all ingredients. Add sauce and mix to combine.
  4. Before serving add chips and lightly toss to combine. Add cheese on top.


Halaman Berikutnya

Subscribe to receive free email updates: