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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!

cheesy bacon and egg hash (breakfast skillet)

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Cheesy Bacon and Egg Hash… Not just a breakfast recipe! This breakfast skillet is one of those breakfast for dinner recipes, when you need something quick, filling and absolutely incredibly delicious.

This breakfast skillet is hands down the BEST way to cook your eggs, potatoes, bacon and cheese! What may look complicated as actually one of the most easiest recipes I’m going to make you cook. Yes. MAKE YOU. This skillet is full of golden potatoes, fried in a small amount of oil OR baked (your choice), followed closely with more crispy-ness in the form of bacon, with scallions (shallots for us Aussies) coming in third to add another layer of flavour, and THEN melted mozzarella cheese! In about 30 minutes.
Here’s the deal. I could tell you some story about how this came to be in my kitchen. But I won’t. Because boring, right? Instead, I’ll tell you how I stood around the stove, absorbing the smells of crispy, frying potatoes hovering around my face, while watching them go from pale white to the most beautiful golden brown colour, resisting the urge to dip my fingers into the skillet to grab one.

Cheesy Bacon and Egg Hash for breakfast, brunch, lunch or dinner! Easy to make and ready in 30 minutes!

Ingredients
  • 24 oz (700 g) potatoes, (about 4 medium-sized), scrubbed clean and peeled
  • 2 tablespoons olive oil, (or coconut oil)
  • 7 oz (200 g) diced bacon, (trimmed of fat)
  • 2 scallions or spring onions, (shallots) trimmed and finely sliced
  • 4 large eggs
  • 1/4 cup shredded mozzarella cheese (or cheddar)
  • Cracked pepper to season

Instructions
  1. Dice potatoes into small 3/4-inch cubes.
Stove Top:
  1. Heat the oil in a large cast iron skillet or pan over medium heat. Fry the potatoes in the hot oil and cook while stirring occasionally, until golden and crispy (about 20 minutes). To speed up cooking time, cover pan with a lid, checking the potatoes every 4-5 minutes or so to stir them (this takes about 15 minutes).
  2. Add the bacon pieces to the pan and fry while stirring occasionally for 10 minutes until crisp. The potatoes will be golden with crisp edges, while soft on the inside. Add the spring onions; stir them through and season with pepper (optional). The bacon releases some oil by this stage to cook your eggs!
  3. Using a wooden spoon or spatula, make four wells in the hash, crack an egg into each well and arrange the mozzarella around each egg. Fry until the whites are set and the eggs are cooked to your liking. Serve immediately! (Don't leave the hash in the pan or the eggs will continue cooking in the heat of the skillet).
Oven Method:
  1. Preheat oven to 400°F | 200°C. Arrange the potatoes in a single layer in a cast iron skillet or oven proof pan (or baking sheet). Spray with a light coating of cooking oil spray and bake for about 30 minutes, mixing them around halfway through cook time, until they are crisp and golden. Remove from oven, add the bacon, and place back into the oven for a further 10 minutes or until the bacon is crispy. Remove from oven, make four wells in the hash, crack an egg into each well and arrange the mozzarella around each egg. Place skillet (or pan) back into the oven until the whites are set and the eggs are cooked to your liking. Serve immediately!
Recipe Source:cafedelites.com

Nutrition Facts
Cheesy Bacon and Egg Hash (Breakfast Skillet)
Amount Per Serving
Calories 413Calories from Fat 252
% Daily Value*
Total Fat 28g43%
Saturated Fat 8g40%
Cholesterol 201mg67%
Sodium 452mg19%
Potassium 878mg25%
Total Carbohydrates 18g6%
Dietary Fiber 4g16%
Protein 17g34%
Vitamin A7.3%
Vitamin C24.9%
Calcium11.5%
Iron36.5%
* Percent Daily Values are based on a 2000 calorie diet.

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