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!
MUMBAI STYLE TAWA PULAO RECIPE
Tawa Pulao is a popular Mumbai street food and is super easy to make. Leftover rice works best for this recipe and is a super hit with kids too. Here is how to make Mumbai Style Tawa Pulao at home.
Today I’m posting a recipe for the famous Tawa Pulao Recipe that will instantly take you back to the streets of Bombay. If you’re from Mumbai and a true Mumbaikar, then you may have discovered the secret behind this flavourful Mumbai favourite, but if you still haven’t, then it’s time to explore the flavours of the unexplored Mumbai Style Tawa Pulao or Tava Pulao.
This pulao is quite common in Mumbai and you’ll find that it is available in most chaat shops or local pav bhaji counters. So what makes this Tawa Pulao Recipe so special you ask, let’s see the recipe to find out.
Now the reason it’s called Tawa pulao is because it is cooked on the same tawa as pav bhaji, imbibing all the rich flavours of the pav bhaji masala. What’s great about this tawa pulao is that the vegetables are still crunchy and there is a perfect balance of flavours from the masalas used.
Tawa Pulao is a popular Mumbai street food and is super easy to make. Leftover rice works best for this recipe and is a super hit with kids too.
Ingredients
- 3 cups Cooked Rice
- 2 tbsp Butter
- 1 tsp Cumin Seeds
- 1/2 cup Onion Chopped
- 2 tsp Ginger Grated
- 2 tsp Garlic Chopped
- 1 tsp Green Chilli Chopped
- 1/4 cup Capsicum Chopped
- 1/2 cup Tomato Chopped
- Salt to taste
- 1/2 tsp Turmeric Powder
- 1/2 tsp Red Chilli Powder
- 2 tbsp Pav Bhaji Masala
- 1/4 cup Peas
- 1/4 cup Carrots Chopped
- 1/4 cup Beans Chopped
- 2 tsp Lemon Juice
- 2 tbsp Coriander Chopped
Instructions
- Heat water in a pan.
- Add peas, carrots and beans and cook till softened.
- Drain and keep aside.
- Heat butter in a Tawa or Griddle.
- Add cumin seeds and let them crackle for a while.
- Add onion, ginger, garlic and green chile and fry until onion turns transparent.
- Add tomatoes and capsicum and fry for 2-3 minutes.
- Add turmeric powder, red chilli powder, salt and pav bhaji masala and cook for 2-3 minutes.
- Add little water if required.
- Keep mashing the masala while cooking.
- Add the boiled vegetables and cooked rice and mix well.
- Add lemon juice and fresh coriander and mix well.
- Serve hot with raita and papad.
0 Response to "MUMBAI STYLE TAWA PULAO RECIPE"
Posting Komentar