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!
Greek Chicken Gyros with Tzaziki Sauce and Pita Flatbread
Greek Chicken Gyros with Tzaziki Sauce and Pita Flatbread – super fast, delicious and easy too! You can easily make Greek Chicken Gyros with Tzaziki Sauce and Pita Flatbread at home and enjoy in this healthy and very tasty recipe!
Greek Chicken Gyros with Tzaziki Sauce and Pita Flatbread will become favorite dish in your family. You can use meat which you like the most but my family and I like chicken combination.
We really like that delicious and full of colors combination of fresh vegetables and finely chopped meat wrapped in pita flatbread. Something which I really like with this recipe is that you can buy tzaziki sauce and pita flatbread if you don’t have time to make it. So you really can enjoy in this gyros for just couple of minutes. When you make pita flatbread at home interesting thing that they are airy and I can eat them almost empty but when you fill them with this delicious meat and vegetables that’s the right point.
Greek Chicken Gyros with Tzaziki Sauce and Pita Flatbread - super fast, delicious and easy too! You can easily make Greek Chicken Gyros with Tzaziki Sauce and Pita Flatbread at home and enjoy in this healthy and very tasty recipe!
INGREDIENTS
- For the chicken:
- 4 chicken breasts, pounded to ½ inch thickness
- 1 tablespoon Greek seasoning
- Salt and pepper
- 1 tablespoon olive oil, for brush
- For the Tzatziki sauce:
- 1 cup Greek yogurt
- 1 medium cucumber, peeled, seeded and grated
- 1 clove garlic, finely minced
- 1 tablespoon olive oil
- 1 tablespoon fresh lemon juice
- 1 tablespoon chopped fresh dill (or 1 teaspoon dried)
- 1 tablespoon chopped fresh parsley
- ½ teaspoon salt, or to taste
- ¼ teaspoon pepper, or to taste
- For the serving:
- 4 Greek pitas flatbread
- 1 cucumber, peeled and diced
- 1 cup grape tomatoes, diced
- ½ cup red onion, diced
- ½ cup Feta cheese
- Fresh parsley, chopped
INSTRUCTIONS
- For the Tzatziki sauce:
- Puree all sauce ingredients in a blender or food processor
- Cover and chill until ready to serve
- For the chicken:
- Preheat grill to medium-high heat
- Season chicken breasts with Greek seasoning, salt and pepper
- Cook over medium high for 5-6 minutes on each side until cooked through
- Remove from grill transfer to plate and brush chicken lightly with olive oil
- Cover with foil and allow to rest 10 minutes and then slice into strips
- For the serving:
- Assemble gyros by topping each Greek pita flatbread with chicken, cucumber, tomatoes, red onions, fresh parsley, Feta cheese and Tzatziki sauce
- Wrap and serve
0 Response to "Greek Chicken Gyros with Tzaziki Sauce and Pita Flatbread"
Post a Comment