» »

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!
Edit
There aren’t many more traditional food staples than the American potato salad. Every picnic, tailgate and barbecue you’ll ever get an invite to will probably have potato salad. That’s okay, I like it and probably three quarters of the country like it too, but the question is, which kind?
Potato salad with eggs, pancetta and peasSave

Are you a mayonnaise base fan or maybe tossed in a herb vinegar dressing and don’t forget the German potato salad. My favorite is this thick mayonnaise and Dijon version, and the more I can pack in to the bowl, the better. This recipe is loosely adapted from a version I used to make at work years ago. I added all sorts of awesome things like boiled egg, crispy pancetta, peas and celery. The dressing has mayonnaise, mustard and pickle relish plus a few other bits and bobs. You won’t need to use all of the dressing but that might change after you taste it. It’s like a cross between ranch and tartar sauce and can also be used as an awesome dip for chips, veggies or…french fries.
Potato salad with eggs, pancetta and peasSave

There’s a few steps to making this salad but follow my lead and you’ll be just fine. Make it all a day ahead and coast along on Memorial Day morning with brunch and a mimosa. At the very least, you’ll have to boil the potatoes so that they’re cool enough to make the salad. Keep the ingredients chunky and don’t peel the potatoes, so much fiber and nutrition is in that skin! I remember watching my mom peel potatoes with a knife and now when I think back, she wasted so much of the potato. The skin is awesome and I almost never peel them.
So let’s summarize…skin on, prep ahead and light on the dressing. Let’s do this Memorial Day party!
Traditional Potato Salad with pancetta and celerySave


potato-salad-02Save

Potato salad with eggs, pancetta and peas

POTATO SALAD WITH EGG AND PANCETTA 

PREP TIME: 1 HOUR

COOK TIME: 15 MINUTES

TOTAL TIME: 1 HOUR 15 MINUTES

AUTHOR: GERRY SPEIRS
A creamy potato salad full of crispy pancetta, red onions, celery and crushed egg. Tossed in a mayonnaise and Dijon mustard dressing.

INGREDIENTS

  • 1 cup plus 2 tablespoons real mayonnaise
  • 1/2 cup sweet pickle relish
  • 3 tablespoons Dijon mustard
  • 3 tablespoons white wine vinegar
  • 1 tablespoon honey
  • 1/4 teaspoon cracked black pepper
  • 1/4 teaspoon kosher salt
  • 1/8 teaspoon paprika powder
  • 3 pounds small baby dutch white potatoes
  • 4 large eggs
  • 4 ounces diced pancetta
  • 1 cup chopped celery
  • 1 cup peas
  • 1 cup red onion sliced thinly
  • 1/4 cup chopped cilantro

INSTRUCTIONS

MAKE THE DRESSING

  1. In a medium bowl, whisk together the mayonnaise, relish, mustard, white wine vinegar, honey, pepper, salt and paprika until well combined. Set aside in the refrigerator.

PREPARE THE SALAD

  1. Bring a 6 quart pot of water to a full boil. Half the potatoes length ways and add to the water.
  2. Boil the potatoes for about 15 minutes and they are no longer hard when pierced with a sharp knife. Don't overcook or they'll turn mushy.
  3. While the potatoes are boiling, fill a smaller pot with water and bring to a boil.
  4. Add the eggs and boil for 10 minutes. Drain when done and let cool before peeling and roughly chopping them.
  5. Drain the potatoes in a colander and set aside to cool *best made a day ahead*
  6. Cook the diced pancetta in a small pan for about 5 minutes over a medium heat until crispy. Set aside.
  7. Once the potatoes are cool, transfer them to a large bowl.
  8. Add the pancetta, celery, peas, sliced red onion, cilantro and chopped egg.
  9. Add about 1 cup of the dressing to the bowl and gently mix through with a spatula or wooden spoon.
  10. Serve at once and add more cilantro to garnish if desired.
more recipe s @ foodnessgracious.com

BERITA LENGKAP DI HALAMAN BERIKUTNYA

Halaman Berikutnya

Subscribe to receive free email updates:

0 Response to " "

Post a Comment

Subscribe to: Post Comments (Atom)