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!

Spicy Creamy Tomato Soup with Cashew Cream {Vegan}

Simple, vibrant and spicy tomato soup served with a tangy vegan cashew cream

Creamy Tomato Soup with Cashew Cream

Soup:
  • 2 tablespoons olive oil
  • 1 medium Vidalia or other sweet onion, chopped
  • 2 cloves garlic, minced or crushed
  • 1-inch fresh ginger, grated or minced
  • 2 to 3 fresh red or green chilies, seeded and finely chopped
  • 1 teaspoon smoked paprika
  • 1 1/2 teaspoons ground turmeric
  • 1 1/2 teaspoons ground cumin
  • 1 1/4 teaspoons ground coriander
  • 1 teaspoon garam masala
  • 1/4 teaspoon liquid smoke
  • 28 oz (825 mL) can crushed tomatoes
  • 2 tablespoons tomato paste
  • 1 teaspoon coconut or brown sugar
  • 1 1/2 cups water
  • 1/3 cup coconut milk
  • 1 to 1 1/2 teaspoons sea salt, to taste
  • fresh cracked black pepper to taste
  • 2 to 3 tablespoons lime juice, to taste
Ingredients:
  • 2/3 cup raw cashews, soaked for 6 hours or longer in enough water to cover
  • 1/4 to 1/3 cup water, as needed
  • 2 tablespoons lime juice
  • 1 1/2 tablespoons nutritional yeast
  • 1 clove garlic, minced
  • a few pinches of sea salt
Instructions:
  • Heat the oil in a large saucepan or soup pot over medium heat. When hot, add the onion and sauté for 6 minutes until it begins to soften and turns a light golden color. Stir in the garlic, ginger and chilies, and sauté for another minute. Now add all ofthe ground spices and stir for another minute, until fragrant and everything is well coated with the spice.
  • Stir in the liquid smoke, crushed tomatoes, tomato paste, sugar, water, coconut milk, sea salt and black pepper. Simmer uncovered for 30 minutes, until thickened. Add the lime juice near the end of the cooking time and add bit more water if you want a thinner soup. Taste for seasoning. I did not find any reason to blend the soup, and I like it a bit chunky anyway, but if you do want to blend it, simply use an immersion blender to achieve your desired consistency.
  • To make the cashew cream, drain and rinse the soaked cashews. Transfer to a food processor and add 1/4 cup of water, lime juice, nutritional yeast, garlic and salt. Blend until smooth. Add more water if necessary for a fairly thick sauce that you can drizzle over the soup. If too watery, add some more cashews and blend again. Store in a covered container in the refrigerator until ready to use. Any leftovers will keep well for 1 or 2 weeks and can be used to pour over pasta or used as a garnish for another soups.
  • Serve the soup warm or cold with a swirl of cashew cream and some cracked black pepper. The soup makes for a nice light lunch with some crusty bread or as part of a meal.
Makes 6 servings

more recipes @ ttps://foodandspice.blogspot.com


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