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!


Those Triple Chocolate Tahini Cookies are a seriously addictive treat! Those Vegan Cookies made out of Sesame Paste are deliciously crumbly and morish.

The Tahini you find in supermarket will usually be a all natural thick ground sesame paste, like this one. To use it as a dressing, you would usually try to make it less thick by mixing it with Olive Oil and Lemon Juice. For this Cookies Recipe though, Tahini is used in its natural thick paste form.

Tahini Chocolate Cookies
  • 1/2 cup (110 gr) Unrefined Coconut Oil
  • 1/4 cup (55 gr) Brown Sugar
  • 1/2 cup Tahini Paste
  • 1 cup (150gr) Plain Flour
  • 1/4 cup (30 gr) Unsweetened Cacao Powder
  • 1 tbsp. Cornstarch
  • 1 teasp. Baking Powder
  • 1 pinch Salt
  • 1/2 cup (90 gr) Small Chocolate Chips
  • 1/2 cup (90 gr) Cooking Chocolate
  • 1/4 cup (60 ml) Plant-Based Milk
  • 1/4 cup Sesame Seeds
Tahini Chocolate Cookies
  1. Mix the melted Coconut Oil and Brown Sugar in a large bowl until all the sugar has dissolved.
  2. Add the Tahini Paste and mix well until smooth.
  3. Sift in the Plain Flour, Cacao Powder, Cornstarch, Baking Powder and Salt. Mix well until you get a thick batter.
  4. Add the Chocolate Chips to the batter and give it a quick mix.
  5. Preheat your oven on 180'C and line a Baking Tray with baking paper or a baking mat.
  6. Scoop one tablespoon of batter per cookie on the tray. They shouldn't spread too much but keep a little bit of room between each cookies.
  7. Bake for 10 minutes, then place the cookies on a cooling rack and let them completely cool down.
  1. While the cookies are baking, place the Chocolate in a heat-proof bowl and heat up the Milk separately. Once warm, pour the Milk on the Chocolate and stir with a spatula until the chocolate is all melted.
  2. Let the Chocolate cool down a bit, then drizzle over the Cookies.
  3. Sprinkle some Sesame Seeds just after drizzling the Chocolate, and let the cookies cool down completely.
Recipe Source : TRIPLE CHOCOLATE TAHINI COOKIES @ thefoodiejourney


Halaman Berikutnya

Subscribe to receive free email updates:


Post a Comment