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 RISOTTO

It’s easy to whip up, comes together in one pot, versatile, tasty, healthy and everybody always goes crazy for its naturally creamy texture.



Vegan Mushroom Risotto Recipe

A creamy, rich and tasty Vegan Mushroom Risotto made with peas for an extra splash of color. The creaminess of this risotto dish comes from the way it is cooked in the vegetable broth - adding the broth bit by bit and stirring it until the rice is cooked and the vegetable broth is soaked up. The cashew cream added at the end adds an extra element of creaminess to this dish!



Ingredients

  • 2 white onions, diced
  • 3-4 gloves garlic, diced
  • 2 tsp herbes de provence
  • 5 cups white button mushrooms, chopped
  • 1½ cups arborio rice ("risotto" rice)
  • 5 - 5½ cups vegetable stock
  • ¼ cup dry white wine*
  • 1 tsp truffle oil (optional)
  • 2 - 4 tbsp nutritional yeast
  • 2 tbsp lemon juice
  • 2 cups frozen peas
  • Sea Salt + Pepper to taste
  • Sea Salt to taste

Cashew Cream

  • ⅓ cup cashews
  • ½ tbsp lemon juice
  • 1 - 2 tbsp nutritional yeast (optional)
  • 2 - 3 tbsp water

Garnish

  • Fresh Basil

Directions

  1. Soak cashews in hot water while preparing the risotto.
  2. Over medium high heat, in a large and deep pan, saute the diced onions and garlic with the herbes de provence in a splash of vegetable broth until they begin to soften. Add chopped mushrooms and saute for 3-4 minutes until the mushrooms soften and reduce, adding a bit of extra vegetable broth if necessary.
  3. Add the arborio rice to the hot pan and saute with the vegetables for a couple of minutes until the rice begins to turn a light golden brown. (*Saute continuously to ensure that the rice does not burn).
  4. Add 2 cups of the vegetable broth and stir until the rice has soaked up the broth. Add a cup more broth and stir continuously until the rice has soaked up the broth. Add the dry white wine (if using) and stir until the rice has soaked up the wine. Add another ½ cup of vegetable broth and continue stirring until the rice soaks up the broth. Continue adding vegetable broth, by the ½ cup, until the rice is just cooked. (Note: I used a total of 5½ cups of broth but you might need a bit more or less depending on the heat of your stove etc.)
  5. Stir in truffle oil (optional), nutritional yeast, lemon juice and frozen peas. Stir for a couple of minutes until the peas are lightly cooked. Add sea salt and pepper to taste.
  6. Cashew Cream
  7. Drain and rinse the soaked cashews. Using an immersion blender, blend the cashews, lemon juice, nutritional yeast and water until a creamy and smooth mixture is formed. Add additional water, by the tablespoon, until the desired consistency is reached. Season with sea salt to taste.
  8. Stir the cashew cream into the risotto (or, alternatively, leave the cashew cream on the side and allow people to add it directly to the risotto on their plate) and garnish with fresh basil.

Notes
1) Stir the rice continuously to ensure that the rice does not burn while cooking.
2) Leave out truffle oil to keep this recipe oil-free.
3) Leave out cashew cream and pine nuts for a nut free version.
4) Make sure your white wine is vegan if necessary.
5) Leave out white wine and add an extra tbsp of lemon juice to keep this recipe alcohol free.

Recipe Adapted : VEGAN MUSHROOM RISOTTO @ cearaskitchen

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