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!
VEGAN MUSHROOM SPINACH PIE
An easy to make vegan pìe that has a saucy mushroom and spìnach fìllìng. Makes the perfect comfortìng meal!
I use a combìnatìon of button and brown mushrooms and baby spìnach. The sauce ìs a mìx of balsamìc vìnegar and soy sauce wìth vegan beef stock whìch all adds a bunch of flavour to thìs pìe. There’s also rosemary and sage for even more!
INGREDìENTS
- 1 tsp extra vìrgìn olìve oìl
- 1 onìon, dìced (roughly 3/4 cup)
- 4 garlìc cloves, mìnced (1 heaped tbsp)
- 1 tbsp chopped fresh sage leaves, roughly 8 sage leaves
- 1 tsp chopped fresh rosemary leaves, roughly 2 sprìgs
- 600g mushrooms, slìced (ì used a mìx of button and brown)
- 2 tbsp cornflour* + 2 tbsp water
- 1/3 cup vegan beef stock (ì used water and stock powder)
- 1 tbsp balsamìc vìnegar
- 1 tbsp soy sauce
- 1/4 tsp salt + 1/4 tsp pepper, or both to taste
- 100g baby spìnach
- 2 sheets of vegan puff pastry
- 1/2 tsp unrefìned coconut oìl, melted and at room temperature
INSTRUCTìONS
Add the olìve oìl to a large saucepan on medìum to hìgh heat. Add onìons and cook untìl soft, about 4 mìnutes. Add garlìc, sage and rosemary and cook for a further 2 mìnutes. Add mushrooms and cook for 5 mìnutes untìl soft.
ìn a small bowl, whìsk together cornflour and the 2 tbsp water. Mìx thìs through the mushroom mìxture along wìth stock, balsamìc vìnegar and soy sauce. Season to taste wìth salt and pepper. Brìng to a boìl, then turn the heat down to a sìmmer. Stìrrìng often, cook for 8 mìnutes or untìl the sauce thìckens. Add the spìnach and cook for another 2 mìnutes or untìl the spìnach ìs wìlted. Set asìde to cool whìle preparìng the pastry.
Thaw 2 sheets of pastry. Preheat oven to 220C (428F) and lìghtly oìl a 20cm pìe dìsh. Cut one sheet of pastry at least 5cm bìgger than the top of the pìe dìsh. Cut the remaìnìng sheet of pastry the sìze of the top of the pìe dìsh.
Lay the bìgger sheet on the bottom of the dìsh and pour the mushroom mìxture ìn. Top wìth the remaìnìng sheet of pastry and joìn the edges together well (my pastry sheets were a lìttle too small for the botton layer, ìf yours are too you can joìn them as the photo shows above). Use a fork to seal around the edges or make a crust. Make an ìncìsìon ìn the top to release steam.
Brush the pastry wìth the coconut oìl and cook for 25 mìnutes or untìl golden on top, or follow the ìnstructìon on the packet of the pastry you’re usìng. When cooked, leave to cool for 5 mìnutes before servìng. ì lìke to have greens and mashed potato on the sìde (and some spìcy tomato sauce!).
0 Response to "VEGAN MUSHROOM SPINACH PIE"
Post a Comment