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!

EASY BAKED SALMON WITH A PARMESAN HERB CRUST

THIS EASY BAKED SALMON IS SURE TO BE A FAMILY DINNER WINNER! FLAKY, MOIST AND COVERED IN A PARMESAN AND HERB CRUST.


I’m bringing you another recipe using my favorite fish, salmon!
I say another because I think I have almost thirty salmon recipes available in my recipe index, just search “salmon” in the sidebar if you love it as much as I do!
And I just realized that I posted my six favorite salmon recipes a week ago! My bad but I couldn’t hold this one back any longer, I wanted to share it with you guys asap!

HOW TO COOK BAKED SALMON

Always try and start with a gorgeous piece of salmon, it’ll make a difference. Shoot for wild salmon but don’t stress if you can’t get your hands on it. I like to ask my seafood guy for a middle section if I’m buying a piece of salmon this big, for some reason I always feel like the tail is better avoided (sorry salmon tail lovers). It’ll also cook quicker than the rest of the salmon, thus being drier and we don’t want dry salmon.
We want juicy, flaky easy baked salmon!

This recipe is very simple and can still be prepped ahead of time. Cover the salmon with the crust, seal with plastic wrap and it’s ready to go in the oven when you walk in the door after school/soccer/baseball/dance/and any other activities that could easily fall into this sentence!
And that crust! I like using panko breadcrumbs, they’re easy to find and consistent in size and texture and easier than making your own breadcrumbs.
The only other ingredients you’ll need for this easy baked salmon is fresh rosemary, Parmesan cheese, and garlic.
That’s it, only five ingredients!
You can serve this with any other side dish you love, but for me, these roasted thyme brussels sprouts are my go-to’s

CHECK OUT THESE OTHER SALMON RECIPES YOU MIGHT LIKE!





EASY BAKED SALMON WITH PARMESAN HERB CRUST 

COURSE: MAIN COURSE

CUISINE: AMERICAN

KEYWORD: BAKED, SALMON, SEAFOOD

PREP TIME: 15 MINUTES

COOK TIME: 25 MINUTES

TOTAL TIME: 40 MINUTES

SERVINGS: 4

CALORIES: 480 KCAL

AUTHOR: FOODNESSGRACIOUS
Yummy and moist salmon covered with a crunchy panko and herb crust.
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INGREDIENTS

  • 2 pounds salmon filet skin removed is better but not essential
  • salt and black pepper
  • 3/4 cup Panko breadcrumbs
  • 1 1/2 tsp rosemary chopped
  • 1/2 cup Parmesan cheese grated
  • 2 tsp garlic minced
  • 2 tbsp extra virgin olive oil

INSTRUCTIONS

  1. Preheat the oven to 395 degrees F. Line a large rimmed baking pan with parchment paper or foil.
  2. Lay the salmon on the prepared baking pan and season lightly with salt and black pepper.
  3. In a small bowl mix together the Panko breadcrumbs, chopped rosemary, Parmesan cheese, and garlic.
  4. Generously spread the mixture evenly over the surface of the salmon.
  5. Drizzle the olive oil over the salmon and place in the oven.
  6. Bake uncovered for about 20 minutes or the fish feels slightly firm when pressed down with your finger.
  7. Slice into pieces and serve at once with fresh veggies.
Nutrition Facts
Easy Baked Salmon with Parmesan Herb Crust
Amount Per Serving (6 ounces)
Calories 480Calories from Fat 225
% Daily Value*
Total Fat 25g38%
Saturated Fat 5g25%
Cholesterol 133mg44%
Sodium 382mg16%
Potassium 1144mg33%
Total Carbohydrates 9g3%
Protein 51g102%
Vitamin A4%
Vitamin C0.9%
Calcium20.4%
Iron14.4%
* Percent Daily Values are based on a 2000 calorie diet.
more recipes @ foodnessgracious.com

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