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!

Healthy Foods Quinoa

Healthy Foods Quinoa. Find healthy, delicious quinoa recipes from the food and nutrition experts at EatingWell. This healthy quinoa lasagna recipe has a layer of quinoa (rather than noodles) along with vegetables.

Organic Quinoa Grains In Blue Ceramic Bowl. Concept ...
Organic Quinoa Grains In Blue Ceramic Bowl. Concept ... (Corey Daniels)
Therefore seed losses may occur if mechanically harvested. Simply Quinoa is a healthy food blog with easy recipes centered on plants. Quinoa is full of protein, nutritious, easy to digest and gluten-free.

So what does a healthy quinoa recipe look like?

Load up on protein and nutrients with these healthy quinoa salad recipes.

Healthy BBQ Chicken Quinoa Casserole | Food Faith Fitness

Sesame Ginger Quinoa Salad | Vegan | POPSUGAR Fitness

6 Delicious Choices for Healthy Food in the San Francisco ...

Vegan Quinoa Fiesta Salad Healthy Food

Superfood Quinoa Salad Recipe | Food Faith Fitness

Haute & Healthy Living Asian Quinoa & Edamame Salad ...

Quinoa Taco Salad - fANNEtastic food | Registered ...

Easy Organic Quinoa | Yummy for my tummy! | Organic ...

Healthy Quinoa Salad | Pick Fresh Foods

We specialise in healthy, delicious, and convenient plant-based foods. Quinoa is a good source of protein, fiber, iron, thiamine, copper, and Quinoa is known to be one of the only few plant foods that is a complete protein food, which contains. In this article Nutritional value of quinoa (cooked) Health Benefits Of Quinoa For Babies Quinoa Recipes For Babies.

BERITA LENGKAP DI HALAMAN BERIKUTNYA

Halaman Berikutnya

Subscribe to receive free email updates:

ARTIKEL POPULER