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!
Bacon BBQ Chicken Bombs
It has chicken, cheese, bbq sauce, bacon and jalapeno...and yes, it's as good as you are dreaming it is!
Even though Fourth of July is a big grilling holiday, and Summer means grilling, that doesn’t mean that everyone: has a grill, wants to grill or enjoys sweating, coughing and inhaling grill smoke. For all of them outhere here is the recipe for BBQ Chicken Bombs made right in the comfort of your own kitchen too. I know you’ll love it!
Ingredients
- 5 boneless skinless chicken breasts or 10 fillets
- 5 jalapenos, de-seeded, sliced in half lengthwise
- 4 ounces cream cheese, softened
- 1 cup cheddar cheese, shredded
- salt and pepper to taste
- 20 slices bacon
- 1 cup barbecue sauce
Instructions
- If using chicken breasts, cut them lengthwise into thin fillets, each fillet will make one bomb.
- Pound the chicken fillets between parchment paper until about ¼ inch thin.
- Season each with salt and pepper.
- Wash jalapenos, cut stem off, slice lengthwise, remove seeds and clean out center
- Rinse jalapenos a second time.
- In a mixing bowl, mix cream cheese and chedder cheese until well blended.
- Fill each jalapeno half with about 1 Tbs or little more of cheese mixture.
- Place filled jalapeno half, cheese side down on chicken fillets and roll chicken around jalapeno.
- It doesn't always close the way you think it should. No worries! The bacon will pull it all together.
- Wrap 2 pieces of bacon (one at a time) tightly around the rolled chicken, start at one end, wrap half the fillet and finish the 2nd half with the other piece of bacon, and tuck bacon into itself to seal ends closed.
- You do not need toothpicks, because it all comes together in the cooking process.
FOR GRILL VERSION :
- Preheat grill to 350 degree and place chicken bombs on the grill to cook over indirect for approximately 25-30 minutes.
- Turn chicken bombs on the grill every 5 minutes to ensure it is cooking evenly, and baste with barbecue sauce each time you turn it.
- Just before the chicken bombs are done, baste one last time.
- Be sure chicken is cooked through and juices run clear.
- If you have a meat thermometer, chicken is ready when it reaches an internal temp of 165 F, otherwise pierce chicken bombs with a fork.
- When they are done, remove from the grill, let them rest 5 minutes or so and serve and get ready to hear some accolades because these babies are very very tasty ... and Happy Grillin’
FOR OVEN VERSION :
- Preheat oven to 400 degree and place chicken bombs on a foil lined baking sheet.
- Bake for 20 minutes, turning once to help cook the bacon.
- *I suggest to change baking sheets/pans in order to loose some of the bacon fat.
- Reduce heat to 375 degree, line another baking sheet or pan, and place chicken bombs in a new one.
- Brush each chicken bomb with barbecue sauce, then use a spatula to flip them over to the other side, and brush the tops with more sauce and return to the oven for 5-6 minutes.
- Remove from oven, brush on more sauce, and place under broil setting for a few minutes so bacon can crisp completely, and the chicken is totally cooked through.
- Remove from the oven and let sit for at least 10 minutes before serving.
- Slice into ½-1 inch slices and ENJOY!
0 Response to "Bacon BBQ Chicken Bombs"
Posting Komentar