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!

CHEESY SHRIMP AND GRITS RECIPE

This classic Southern recipe is an easy and tasty way to put a quick dinner on the table. Not only is this a feel good comfort food kind of meal, but paired with a nice green salad it makes for an easy dinner your seafood loving family will love!


Cheesy Shrimp and Grits Recipe
Cheesy Shrimp and Grits combines succulent tender shrimp cooked to perfection in a tangy spicy sauce over creamy cheesy polenta.!!

Ingredients

  • 15 ounces seafood stock
  • 1/2 cup white wine
  • 1/2 cup water
  • 1/2 tsp Kosher salt
  • 1 cup grits I use Bob's Red Mill
  • 3 tbsp heavy cream
  • 3 tbsp unsalted butter
  • 2 cups sharp cheddar cheese shredded
  • 2 Tbsp olive oil or bacon grease
  • 1 lb shrimp shelled and deveined large raw shrimp
  • 1/4 tsp black pepper
  • 3 garlic cloves minced, should be a heaping teaspoon
  • 1 tbsp flat-leaf parsley chopped
  • 1 tsp smoked paprika
  • 1 tsp Worcestershire sauce
  • 2 dashes hot sauce i.e. Tabasco
  • 4 tsp lemon juice usually equivalent to the juice of 1 whole lemon

Instructions

  1. In a medium saucepan, bring the stock, white wine, water, and salt to a boil.
  2. Whisk in the grits and cook over moderately high heat. Continue to stir periodically until thickened and the grits are tender- about 5-10 minutes total. Add the cream, butter and cheese and gently stir. Cover and remove from heat. Set aside.
  3. To cook the shrimp, heat oil (or bacon grease if available) in a large skillet over medium high heat. Coat shrimp with black pepper and cook in skillet, turning only once after it starts to turn golden brown. Stir in remaining ingredients to create a sauce.
  4. To serve, spoon the warm cheesy grits into a bowl and top with shrimp with a bit of sauce. Serve hot and enjoy!

Recipe Source : CHEESY SHRIMP AND GRITS @ selfproclaimedfoodie

BERITA LENGKAP DI HALAMAN BERIKUTNYA

Halaman Berikutnya

Subscribe to receive free email updates:

0 Response to "CHEESY SHRIMP AND GRITS RECIPE"

Post a Comment