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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!

Taco Bake

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Years ago I found this really simple Taco Bake recipe from allrecipes.com with very few ingredients. It’s so quick and easy to assemble and in about 15 minutes you can have this casserole ready to put in the oven.

It’s quite adaptable too if you want to add a few other ingredients, such as green onions, corn, black or pinto beans, jalapeno pepper slices or olives. I made this recipe last week for a young family who just had a newborn. If you’re family is into anything Tex-Mex they will adore this wonderful, comforting main dish. It is a little like eating nachos in casserole form.

Taco Bake has tortilla chips on the bottom, then a layer of ground beef mixed with taco seasoning, sour cream and green chilies, followed by a layer of shredded cheese. The layers are repeated a time or two ending with more cheese on top. It is SOOOOO easy. Choose a gluten free, MSG free taco seasoning or make up my Homemade Taco Seasoning recipe from scratch for healthier options.

If you need a quick and easy main dish recipe to throw together quickly because you are at ball practices, doctor’s appointments, or other venues late in the day, consider having these ingredients on hand and whip up this easy casserole. You can be ready to eat in about an hour!

This is a great recipe to teach your kids how to cook, too. It has so few steps and turns out so wonderfully–they will be greatly encouraged in cooking after making this tasty entree for dinner. This only has seven ingredients so it is an easy recipe even for a novice cook!

When I initially posted this recipe in June 2012, I had just begun my blog. I made Taco Bake a second time that year and retook the pictures, but they were taken with a small iPhone camera so the pictures were not of the quality I would have liked. Plus, I had baked the recipe in foil pans which are so hard to photograph because of the glare.

I’ve been remaking all my first year pictures as a result, and reshooting pictures that are more pleasing. I remade Taco Bake in October 2015 for a church potluck and it again was a real winner with everyone. I believe you’ll think so too.

This amazing 7-ingredient Tex-Mex casserole is filled with a tasty beef mixture, cheese and tortilla chips. Taco Bake is gluten free.

INGREDIENTS
  • 1 1/2 lbs. 93% to 96% lean ground beef
  • 14.5 oz. can diced tomatoes with green chilies
  • 1/2 cup water
  • 1 cup sour cream
  • 1 pkg. taco seasoning or Homemade Taco Seasoning
  • 8-12 oz. pkg. Colby-Monterey Jack cheese shredded
  • Corn tortilla chips

INSTRUCTIONS
  1. Preheat oven to 350°.
  2. In a medium skillet over medium heat, brown the ground beef and drain fat.
  3. Add the diced tomatoes with green chilies, water, sour cream and taco seasoning mix.
  4. Let simmer for 5-10 minutes.
  5. In the bottom of a greased 9x13” baking dish, place a layer of tortilla chips.
  6. Cover with a layer of meat mixture then a layer of cheese.
  7. Repeat this process until the last layer is cheese.
  8. Bake for 20 minutes, or until the cheese is bubbly.

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