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!

CHIPOTLE LIME CHICKEN TACO BOWL WITH MANGO CHIPOTLE SAUCE

Chipotle Lime Chicken Taco Bowls with Mango Chipotle Sauce are packed with the freshest flavors! Grilled chipotle lime chicken with black beans, cilantro lime rice, mango salsa, cheese and guacamole are topped with a creamy mango chipotle sauce.

Where does the time go? It seems like the new year was just yesterday and here we are already in June with summer right around the corner. June is always one of my favorite months of the year because the weather is beautiful and it’s a great time to travel. It is also National Dairy Month! To celebrate, I teamed up with one of my favorite organizations, the American Dairy Association Mideast, to bring you this tasty Chipotle Lime Chicken Taco Bowl with Mango Chipotle Sauce.
For this recipe, I combined some of the freshest flavors including chicken, beans, dairy, vegetables, fruit and herbs. Chipotle lime grilled chicken, black beans, fresh guacamole, shredded cheese and a mango red pepper salsa are served over cilantro rice and then topped with mango chipotle sauce. The sauce couldn’t be any easier and complements the flavors of the other ingredients. Puree fresh mango, adobo pepper paste, lime juice and sour cream in your food processor to create a delectable sauce that you don’t want to miss. Add these taco bowls to your weeknight menu soon. You can also prepare them in advance and reheat throughout the week.

Ingredients

For the chipotle lime grilled chicken:
  • juice from 2 limes
  • 2 tablespoons chopped cilantro
  • 1 tablespoon olive oil
  • 1/2 teaspoon chipotle chili powder
  • dash of salt
  • 2 medium chicken breasts

For the cilantro lime rice:
  • 1 cup long grain white rice
  • dash of salt
  • 2 tablespoons freshly chopped cilantro
  • juice from one lime

For the mango chipotle sauce:
  • 1/3 cup sour cream
  • 1/3 cup coarsely chopped mango
  • 1 to 2 teaspoons chipotle paste*
  • 1 tablespoon lime juice

For the taco bowls:
  • 1 cup chopped mango
  • 1/2 cup finely diced red pepper
  • 1/4 cup chopped red onion
  • juice from 1 lime
  • 1/2 cup black beans, drained and rinsed
  • 1/4 cup monterey jack or Mexican cheese blend
  • 1/4 cup fresh guacamole

Instructions
  1. To make the chipotle lime grilled chicken, in a medium bowl whisk together the lime juice, cilantro, olive oil, chipotle chili powder and salt. Add the chicken to the bowl and marinate for at least one hour in the refrigerator.
  2. To make the cilantro lime rice, in a medium saucepan bring 2 cups of water to a boil. Add rice and a dash of salt. Reduce heat to low, cover and cook for 15 minutes. Remove from heat and stir in cilantro and lime juice.
  3. While the rice is cooking, add all of the ingredients for the mango chipotle sauce to a food processor. Puree until well blended and smooth; set aside.
  4. In a small bowl, combine the mango, red pepper, onion and lime juice. Stir until well blended; set aside.
  5. After marinating chicken, prepare grill for direct grilling over medium-high heat. Place the chicken on the grill directly over the fire and cook until the juices run clear and the chicken is cooked through, about 5 to 8 minutes on each side.
  6. To assemble the taco bowls, divide the cilantro rice between two bowls. Top with grilled chicken, mango-pepper salsa, black beans, cheese and fresh guacamole. Drizzle with mango chipotle sauce and serve.
Notes
*I use one teaspoon chipotle paste for mild chipotle flavor. Use 2 teaspoons for additional heat. You can also use pureed chipotle peppers in adobo sauce instead of the paste.

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