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!
THE BEST CHOCOLATE CHEESECAKE RECIPE + VIDEO
This is the BEST Chocolate Cheesecake! It's perfectly rich, creamy (with the help of Greek yogurt), and bakes up with no cracking and no water bath needed. This is the easy way to perfect baked cheesecake!
INGREDIENTS
CRUST:
- 1/3 cup butter melted
- 2 1/2 cups chocolate baking crumbs
- 1 tablespoon sugar
CHEESECAKE:
- 100 g chopped chocolate about 3/4 cup
- 1/2 cup heavy cream 35%
- 16 oz light cream cheese (or regular), room temperature (2 packages)
- 1 1/2 cup sugar
- 2 1/2 cups 0% plain Greek yogurt or sour cream
- 4 large eggs
- 2 teaspoons vanilla
- a pinch of salt
- 1/4 cup unsweetened cocoa powder
INSTRUCTIONS
- Preheat oven to 325 degrees F and line a 9" Springform pan with parchment (place it in between the top and bottom sections and close around it -- this will make it easier to remove). Lightly grease the inside of the pan and wrap the bottom in tin foil.
- Combine butter, chocolate crumbs and sugar and press into the bottom of the pan and 1" up the sides.
- Bake for 12-15 minutes until dry. Set aside. Reduce oven temperature to 275 degrees F.
- In a small bowl, combine chocolate and cream and microwave on high in 20-30 second intervals, stirring each time, until smooth. Set aside.
- In a large bowl, beat cream cheese until smooth. Add sugar and beat until smooth.
- Add yogurt, eggs, vanilla, salt and cocoa and beat until smooth and combined, scraping down sides of the bowl if necessary.
- Add melted chocolate and beat until combined.
- Pour onto crust and bake at 275 degrees F for 1.75-2 hours (I bake mine 2 hours exactly), until top appears dry but cheesecake still jiggles when moved. Turn the oven off and let sit in warm oven with the door closed for 20 minutes.
- Remove to a wire rack on the counter, gently run a knife around the inside of the pan and let cool to room temperature. Refrigerate until completely chilled (I like to chill overnight). Carefully remove the outside ring. Slice and serve.
RECIPE NOTES
You know I'm not really one for rules, which is why I love this no water bath method. I've often baked this cheesecake in the evening, forgetting how long it takes to bake, being forced to move it to the fridge before it's cooled completely. It is just fine! Just place on a pot holder or wire rack inside the fridge and loosely cover with foil or plastic wrap.
0 Response to "THE BEST CHOCOLATE CHEESECAKE RECIPE + VIDEO"
Posting Komentar