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!
INSTANT POT BRAZILIAN PAO DE QUIEJO
Our younger son Alex loves these Brazilian Pao de Quiejo or Brazilian cheese bread. Even when he was a vegetarian, he loved going to the Brazilian Churrascaria for meals, only so he could eat the bread.
Instant Pot Pao de Quiejo shows you how to make the famous Brazilian cheese bread at home. This gluten-free delight is steamed and then broiled. Just tapioca flour, milk, oil, eggs, and cheese make up this delightful bread.
Ingredients
- 1 cup milk
- 1/2 cup oil
- 1 teaspoon salt
- 2 cups tapioca flour
- 2 eggs
- 1.5 cups shredded parmesan cheese
- US Customary - Metric
Instructions
- In a pot on the stovetop, boil milk, oil, and salt.
- Once it comes to a boil, add the tapioca flour, mixing vigorously with a wooden spoon.
- Once it is relatively mixed, allow the mixture to cool so you don't scramble the eggs as you add them to hot dough.
- Place the dough in the bowl of a stand mixer or use a powerful hand-held mixer. Mix the dough well, and then add eggs and cheese.
- The dough will be unbelievably thick, heavy, and sticky at this point but this is what you want.
- Make 12 dough balls out of this mix. Place on a very lightly greased container that fits in to the Instant Pot or on a cookie sheet (oven cooking)
For the Instant Pot- Place 2 cups of water in the inner liner of your Instant Pot or pressure cooker. Place a steamer rack in the bottom of your liner.
- Place dough balls into 1-2 containers in a single layer and cover this with foil.
- Cook the dough for 20 minutes on High Pressure, allow it to release pressure naturally for 5 minutes, and then release all remaining pressure.
- Broil in a hot oven if you want browned tops.
For the Oven- Preheat oven to 450F
- Bake for 20 mins or until the tops are lightly browned.
0 Response to "INSTANT POT BRAZILIAN PAO DE QUIEJO"
Posting Komentar