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!
Spinach chutney recipe | palak chutney recipe with coconut
Palak chutney recipe with coconut | spinach chutney recipe – tasty and easy chutney with healthy palak /spinach as main ingredient ground together with coconut and tempered with coastal touch.
Palak chutney recipe with coconut, I know it does not sound appealing. I had the same reaction when when my MIL asked me to try this chutney recipe. I just sidelined it, though I am a chutney fan. But after continuous reminders from my husband, I thought of giving a try.
Ingredients
- 2 cup spinach / palak, tightly packed
- 1/2 fresh grated coconut
- 1 onion, medium size
- 1 tomato, medium size
- 2 long green chili
- 1 tsp cumin seed
- 1/2 tsp turmeric powder
- 1 tbsp lemon juice
- 1/2 inch ginger
- 2 garlic cloves
- salt to taste
- For tempering
- 1 tbsp oil
- 1/2 tsp mustard seeds
- 1/2 tsp split black gram / urad dal
- 2 long dried red chili
- 1 spring curry leaves
Step by step method
- Bring about 3-4 cups of water to boil in a pan.
- Meanwhile clean and rinse palak and keep aside. Rinse tomato and onion, and cut it to big pieces. Once water comes to boil, add palak, onion, tomato. Switch of the stove, close the lid and allow the veggies to sit for 5 mins.
- Drain the water, and keep it aside. Grind veggies together with turmeric powder, green chili, garlic, ginger, lemon juice and salt.
- Grind it to smooth paste.
- Heat oil in small pan.
- Add mustard seeds. As mustard seeds crackle, add urad dal, red chilies and curry leaves. Fry till urad dal turns golden brown.
- . Add tempering to chutney and mix well.
Notes
1. I’ve used only spinach leaves in this recipe. You can use its stem if they are tender, otherwise discard them.
2. Use the stock or the water used to cook veggies in grinding chutney. Use as required to get the required consistency.
3. Adjust chilies to taste.
4. Tamarind goes very well in this chutney instead of lemon juice. Adjust its quantity as required.
5. Black salt can be used instead of regular salt too.
0 Response to "Spinach chutney recipe | palak chutney recipe with coconut"
Posting Komentar