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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!

BEST EVER BEEF STEW

Edit
This Beef Stew is the #1 most popular recipe on my blog & my readers agree – it’s the BEST EVER! 
See all those colors?  You can almost inhale the richness of the stew just by looking at the photo.  Seriously, ya’ll.  It’s amazing.  Addictive,  and amazing.  Once you make it, you won’t be able to go back to any other recipe.

I use beef demi-glace in this recipe, which you can find online here if you aren’t sure if your local store has it.  The demi glace adds so much flavor to the stew; one that your traditional beef broth or stock really can’t beat.  However; if you don’t want to buy demi-glace and don’t have any on hand – you can substitute some Swanson Flavor Boostedit: It seems as if many of you can no longer find the Swanson Flavor Boost. If you can’t find beef demi-glace, then you can substitute Better than Bouillon in Beef.

It starts off with a nice coating of flour & seasoning salt on the stew meat & then it gets seared off in a pan before getting placed in the slowcooker.  The onions are also added to the skillet, and then the whole thing is deglazed with some of the liquid in the recipe.  Afterwards, it cooks all day on low in your slowcooker…and fills your whole house with some pretty amazing smells.

Which reminds me – when making this stew, please lock your doors.  Deadbolt them too. Your neighbors may just burst right in and try stealing your stew. If you don’t follow my advice & leave your doors unlocked – don’t blame me when you fall victim to stew-lifting.

This Beef Stew is the #1 most popular recipe on my blog & my readers agree – it’s the BEST EVER!

INGREDIENTS:
  • 2 pounds beef stew meat
  • ½ cup all purpose flour
  • 1 tablespoon seasoning salt
  • 2 tablespoons olive oil
  • ½ teaspoon black pepper
  • 1 large onion, diced
  • 2 bay leaves
  • ¼ cup Worcestershire sauce
  • 2 cups water
  • 2 heaping teaspoons beef demi-glace (or beef Swanson Flavor Boost or Better than Bouillon)
  • 4 medium to large red skinned potatoes, washed & diced
  • 3 large carrots, peeled & sliced
  • 1 stalk celery, diced

DIRECTIONS:
  1. Shake the beef stew meat in a resealable plastic bag with the flour & seasoning salt until evenly coated. Heat the olive oil in a skillet; add the floured stew meat to the pan & brown on all sides. Remove using a slotted spoon or tongs & place into the bottom of a slow cooker. Season with pepper.
  2. Saute the diced onion in the same hot skillet for 2 minutes. Don’t worry about cleaning it out in between – that’s added flavor! Transfer the onions into the slow cooker as well. Pour the Worcestershire sauce, water, & beef demi glace (or Swanson Flavor Boost or Better than Bouillon) into the skillet and whisk until mixed, making sure you scrape up any browned bits in the bottom of the pan. Turn off the heat & set aside.
  3. Add the diced potatoes, carrots, celery, & bay leaves to the slow cooker. Now, pour the broth/Worcestershire mixture in the crockpot as well. Cover; cook on low for 8 hours. Remove the bay leaves before serving.
Recipe Source:mrshappyhomemaker.com

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