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!


This post is sponsored in conjunction with PumpkinWeek. I received product samples from sponsor companies to aid in the creation of the PumpkinWeek recipes. All opinions are mine alone.
Unsalted Butter
Dixie Crystals – Granulated Sugar
15 ounces pumpkin puree
Heavy whipping cream
Vanilla extract
All-purpose flour
Pumpkin Spice
Baking Powder
Baking Soda
Pumpkin bundt cake is perfect centerpieces for parties. They bake beautifully! Follow this recipe and you’ll have the most amazing fall dessert.
Author: April Golightly

  • 3/4 cup unsalted butter, softened not melted
  • 2 and 1/2 cups white granulated sugar
  • 3 large eggs
  • 1 can (15 ounces) pumpkin
  • 1 cup heavy whipping cream 
  • 1 teaspoon vanilla extract
  • 2 and 1/3 cups white all-purpose flour
  • 1 tablespoon pumpkin pie spice
  • 1 and 1/2 teaspoons ground cinnamon
  • 1/2 teaspoon ground ginger
  • 1 teaspoon baking powder
  • 1/2 teaspoon baking soda
  • 3/4 teaspoon salt
  1. Preheat oven to 350 degrees F.
  2. Grease the bundt cake pan with butter.
  3. In a large bowl, cream the softened butter, white sugar, and brown sugar until light and fluffy.
  4. Add in the eggs, one at a time, beating after each addition.
  5. Add in the full can of pumpkin puree, one cup of heavy whipping cream, and one teaspoon of vanilla extract
  6. In another bowl, combine the 2 and 1/3 cups flour, one teaspoon pumpkin pie spice, one teaspoon baking powder, 1/2 teaspoon baking soda, and 3/4 teaspoon salt. Mix.
  7. Add the dry ingredients to the wet ingredients in three parts.
  8. Fill the prepared bundt cake pan with the mix 3/4 of the way.
  9. Bake 20-25 minutes or until a toothpick inserted in the center comes out clean.
  10. Let cool 10 minutes before removing from pans to wire racks to cool completely.
  11. For the bundt cake glaze drizzle: In a large bowl, beat eight ounces of cream cheese and butter until fluffy. Add powdered sugar, vanilla, and cinnamon; beat until completely smooth.
  12. Use the chocolate drizzle to drizzle the bundt cake glaze over the top of the bundt cakes.
  13. full recipes:


Halaman Berikutnya

Subscribe to receive free email updates:


Posting Komentar