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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!

Paleo Korean Beef Bowls

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Haaaaaaappy Friday, y’all!
Umm. Can we talk about this week’s Real Housewives of New York?

What.

I mean, LuAnn is insane, right? What is happening there?! How does she not realize she’s insane?!

I’ve watched the episode 3 times and I still squeal with horrified glee when they all go crazy over the guys on the boat. So embarrassing. The whole episode was a mess.

And I loved every minute of it.

Also, Big Brother is really boring and this is the first time I haven’t cared about it since season 2. So. Ugh.

Way to ruin my life, CBS.

My friend Laura Fuentes released her newest book recently. It’s called The Best Grain-Free Family Meals on the Planet and if you are paleo, you need it.

As the title suggests, these are all grain-free meals that the whole family will love. Like, your kids aren’t going to look at the meals and know they’re grain-free and ask for a box of Kraft mac & cheese.

Most of the recipes are dairy-free, too, which is why I think it’s great for all you paleo people. There’s a handful of recipes with cheese but I’m okay with cheese every once in awhile so it’s not a huge deal for me. If you can’t do cheese, Laura has some suggestions for substitutions or you can just leave it out completely.

The book is gorgeous, has a ton of photos, and has a section featuring Laura’s tips and tricks for making a grain-free lifestyle work when you have little ones. It’s divided into 4 recipe sections: breakfasts, lunchbox favorites, family meals, and snacks and treats. So there’s something for every meal and everyone in your family.

I’ve already made these Korean Beef Bowls twice and I love them. The beef is spicy with just a hint of sweetness and the sesame oil just makes it extra delicious. It’s also really good  on top of sweet potato noodles!

Other recipes from The Best Grain-Free Family Meals on the Planet that I’m excited to make:
  • Chocolate Puffs
  • Butternut Squash Chili
  • Cochon-de-Lait Bowls
  • Sweet Potato Tots
  • Blueberry Muffin Bites

In exciting news, I had pre-ordered a copy and got sent a copy for review so I have one to giveaway! Enter below using the Rafflecopter widget!

Ingredients

  • 1/3 cup coconut aminos
  • 2 1/2 tablespoons honey
  • 2 tablespoons sesame oil
  • 3 garlic cloves, minced
  • 1 tablespoon grated fresh ginger
  • 1 bunch scallions, chopped, white and green parts separated
  • 1/2 teaspoon black pepper
  • 1/2 teaspoon chili paste
  • 2 tablespoons cooking oil
  • 1 1/2 pounds ground beef
  • 1 tablespoon toasted sesame seeds
  • 3 - 4 cups cauliflower rice (this recipe but leave out the onion, lime, and cilantro)
  • 1 pound broccoli florets, steamed

Instructions

  1. In a small bowl, stir together the coconut aminos, honey, sesame oil, garlic, ginger, white scallion parts, pepper, and chili paste.
  2. In a large skillet set over medium-high heat, heat the cooking oil. Brown the meat for 5 to 8 minute, break it up with a spatula as it cooks. Continue cooking until the meat is no longer pink. Add the sauce to the skillet, bringing it to a quick boil, and then reduce the heat to low. Cover and simmer for about 4 minutes.
  3. Serve warm, sprinkle with the green scallion tops and sesame seeds over the cauliflower rice with steamed broccoli on the side.

Source:fakeginger.com

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