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!

Smoked Salmon Croissant Sandwiches





Total:17 mins
Prep:15 mins
Cook:2 mins
Yield:Serves 8


Smoked salmon is quite the indulgent treat. The salmon is salty, smooth, and slightly sweet. But I like my cold smoked salmon sautéed! I always cook it just for a few seconds in a little bit of butter just so I'm sure it's completely safe. If you like yours as-is, you don't have to do that. You could use hot smoked salmon in place of the cold. It is cooked, so you don't have to worry about food safety. Hot smoked salmon is firmer, though, with a more pronounced flavor.

These little sandwiches are just delicious. The smoked salmon is combined with basil, cream cheese, and mayonnaise, then the mixture fills flaky little croissants, accented with whole basil leaves. These sandwiches are perfect for brunch or for a ladies' luncheon (do those exist?) on the porch. Serve with some iced tea and mixed fresh and sweet berries, with some Lemon Bars for dessert. The sandwiches are also nice as part of a cold sandwich tray for a buffet or for a party.

This recipe can also be served as an appetizer spread or dip. Serve it with crackers and crudités such as baby carrots, mushrooms, and bell pepper strips. To serve as a dip, thin the cream cheese mixture before you add the salmon with some whole milk or heavy cream.

You could add more ingredients to this recipe; think about adding some sliced green onions or caramelized yellow onions. Sautéed garlic would be a good addition, as would some capers or finely chopped sweet or dill pickles.


Ingredients
1 (8 ounce) package thinly sliced cold smoked salmon
2 tablespoons butter
1 (8 ounce) package cream cheese, softened
1/2 cup mayonnaise
1/2 teaspoon dried basil leaves
1/2 cup fresh whole basil leaves
16 small croissants, split and toasted


Steps to Make It
Separate the salmon into individual slices. Heat butter in a medium skillet and sauté the salmon until it is done, turning once, for just a minute or so. You can skip this step if you prefer to use the salmon uncooked. Break the salmon into pieces. If you aren't cooking the salmon, cut it into pieces with a sharp knife.

In a medium bowl, beat cream cheese with an electric mixer until soft and fluffy. Beat in mayonnaise until smooth.

Stir in the salmon and dried basil.

Make sandwiches with the salmon filling, the whole basil leaves, and croissants. Serve immediately.

You can make the filling ahead of time; just cover it well and store it in the refrigerator up to 3 days. Use it when you want as a sandwich filling or for a snack with crackers.



BERITA LENGKAP DI HALAMAN BERIKUTNYA

Halaman Berikutnya

Subscribe to receive free email updates: