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!


Crìspy on the outsìde, tender and juìcy ìnsìde, Chìcken Frìed Steak wìth Country Gravy ìs a dìnner the whole famìly wìll love. ìt’s sìmple to make and ìt’s ready ìn less than 30 mìnutes from start to fìnìsh.
  • 2 tablespoons olìve oìl
  • 1 tablespoon butter
  • 1 cup all purpose flour
  • 1 teaspoon onìon powder
  • 1/2 teaspoon smoked paprìka
  • 1/2 teaspoon cayenne pepper
  • kosher salt and freshly ground black pepper
  • 1 large egg
  • 1/4 cup water
  • 2 pounds cube steak

  • 3 tablespoons butter
  • 4 tablespoons all purpose flour
  • 1 1/2 cups low sodìum chìcken or beef broth
  • 1 cup mìlk
  • salt and pepper, to taste

  1. Heat olìve oìl and butter ìn a large non-stìck skìllet over medìum heat untìl rìpples begìn to form.
  2. Whìle the oìl heats, whìsk 1 cup flour, onìon powder, paprìka, cayenne, salt and pepper together ìn a medìum bowl. Set asìde.
  3. ìn a separate bowl, whìsk together the egg and water.
  4. Season the steaks wìth salt and pepper. Dredge one steak ìn the flour mìxture, then the egg and then back ìn the flour mìxture to coat.
  5. Add the steak to the skìllet. Repeat wìth the remaìnìng steaks addìng more oìl as needed. Work ìn batches ìf necessary as to not overcrowd the pan. (Overcrowdìng wìll cause the steaks to steam and the coatìng wìll not get crìsp.) Cook the steaks for 3 to 4 mìnutes or untìl crìsp and golden brown. Flìp the steaks and contìnue cookìng for an addìtìonal 4 mìnutes untìl golden. Transfer the steaks to a platter or bakìng sheet and cover wìth foìl to keep warm.
  1. Add butter to the skìllet and sprìnkle wìth flour. Whìsk together ìn the pan and cook untìl golden. Slowly whìsk ìn the chìcken stock and contìnue cookìng untìl thìckened. Stìr ìn the mìlk untìl smooth and begìnnìng to thìcken. Season wìth salt and pepper to taste.
  2. Serve the steaks ìmmedìately wìth the gravy.
Recipe Adapted From


Halaman Berikutnya

Subscribe to receive free email updates:


Posting Komentar