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!

Chipotle Vegan Burrito with Cilantro Lime Rice

The Ulitmate Vegan Burrito – the perfect meatless meal! Loaded with chipotle black beans, cilantro-lime rice, pico de gallo, avocado, and spicy sauce. They are packed with flavor and will be on your table in no time!


Cilantro Lime Rice
1 cup uncooked long grain rice , cooked according to package directions
2 tablespoons lime juice , freshly squeezed
1/2 cup cilantro , chopped
1/2 teaspoon salt (I add it to the cooking water)

Chipotle & Lime Black Beans
2 15 oz cans black beans , rinsed and drained
1 chipotle pepper in adobo sauce + 2 tablespoon sauce, chopped finely
1-2 tablespoons lime juice , freshly squeezed
Salt , to taste

Pico de gallo (sub 1 1/2 cups diced tomatoes)
1 1/2 cups tomato , diced small (about 3 medium tomatoes_
1/2 cup onion , diced small (about 1/2 medium onion)
1/2 cup cilantro , chopped finely
1-2 tablespoons lime juice
Salt , to taste

For Serving
4 large tortillas ,10-inch
1 large avocado , sliced or cubed
1/2 cup vegan sour cream , mix with hot sauce if desired (sub vegan mayo)
US Customary - Metric


Cilantro Lime Rice
After the rice is cooked, remove from heat and fluff with a fork. Add lime juice and cilantro and gently stir to combine well. Taste for seasoning and add more if needed. Cover with lid to keep warm.

Chipotle & Lime Black Beans
In a medium skillet over medium heat, add the beans, chipotle peppers and adobo sauce. Bring to a slight simmer to heat throughout, about 2-3 minutes. Remove from heat and stir in lime and salt to taste. Keep covered.

Pico De Gallo
In a medium bowl, combine all ingredients well. Taste and adjust flavors if needed. Set aside.

To Serve
Warm a tortilla in a large skillet over medium heat, about 15-20 seconds on each side. Place on a flat surface and add your filling in the middle (don't overfill). Fold the sides in then tuck in the top flap under the filling as you roll. Continue to roll tightly until complete (see video for visual instructions).


Kid-friendly- omit the chipotle peppers in adobo sauce. You can replace it with 2 tablespoons of vegetable broth, 1/2 teaspoon each of smoked paprika, cumin, granulated garlic, and, granulated onion. Add salt to taste.


Halaman Berikutnya

Subscribe to receive free email updates: