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!

Chocolate Pine Cones




Prep time
1 hour
Total time
1 hour

This recipe can be easily halved, if you don't need a large number of pine cones. It can also be doubled, if you want to make an entire forest of chocolate pine cones!

Serves: 36

Ingredients
18 oz (3 cups) chocolate chips
14 oz (1 standard can) sweetened condensed milk
2 oz unsalted butter
¼ tsp salt
1 tsp almond extract (can substitute vanilla or another flavor of your choice)
½ cup milk chocolate wafers
3 cups sliced natural raw almonds

Instructions
Combine the chocolate chips, condensed milk, butter, salt, and almond extract in a large microwave-safe bowl. Microwave for one minute, then stir well. If some of the chocolate chips haven't melted, microwave in 20-second increments, stirring every time, until the mixture is entirely melted and smooth.

Press a piece of plastic wrap directly on top of the chocolate, and let it sit and firm up enough to roll—about 2 hours at room temperature, or 45 minutes in the refrigerator. If it gets too cool it will be difficult to work with, so if possible I like to let it sit at room temperature just to be safe.

Use a cookie scoop to form balls of dough about 1½-inches—you should get about 36 pinecones of this size. If you want to use a ¼-cup scoop, you'll get pinecones about 3-4 inches long, and you should get about 15 of this size. Whichever size you choose, place your scoops on a baking sheet covered with waxed paper or parchment.

Roll the fudge between your palms into an oval shape. Gently pinch one end so that it comes to a subtle point and has a pine cone shape.

Melt the milk chocolate wafers in the microwave, and stir until smooth. Dip one side of the bottom of a sliced almond in the melted coating, and press it against the back of one of the fudge pine cones.

Dip a second sliced almond, then place it next to the first one, overlapping it slightly. Continue to add sliced almonds in an overlapping pattern, working back to front, until your fudge pine cone is covered with almonds. For the most realistic look, use only whole pieces of almond, and try to tilt them forward (instead of having them stick straight up and down).

Once all of the pine cones are decorated, refrigerate the tray to set them briefly, for about 15 minutes.

Place them on cakes, cupcakes, tarts, or use them as an edible place setting! They're a little delicate, since the almonds are prone to breaking if handled roughly, so I recommend using a spatula or knife to transfer them instead of grabbing them by hand.

Source from : http://www.ohnuts.com/blog/chocolate-pinecones/#_a5y_p=2871335

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