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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!

MEXICAN STREET CORN (ELOTES)

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The perfect corn on the cob recipe for this summer! Learn how to make Mexican Street Corn at home, it’s so easy to make! You can grill it or make it in the oven with a garlic mayo, lime juice, cotija cheese, and chili powder for a little heat. Serve it for a barbecue party or enjoy them as a snack!

Hello golden kernels of deliciousness covered with creamy garlic sauce, drizzled with lime juice, and rolled around in cheese and cilantro. You’re most definitely my favorite thing about summer. You guys, we were lucky enough to have like 1.5 days of spring this week. Probably the only bit of spring we’ll have this year before the temperatures are well into the 100s every.single.day.of.the.week.

But trust me when I say this, once you’ve tried Mexican street corn, you will never want regular old corn on the cob, ever again. The best part is that it takes very little work to make at home.

You can roast the corn in the oven or toss it on the grill. Either will get the job done. Sometimes I like to be extra sinful and rub the corn down with a little pad of butter before slathering on that mayonnaise. I tell you, butter and I could be best friends if it just didn’t come with all that extra baggage that likes to sit comfortably around my tummy.

The perfect corn on the cob recipe for this summer! Mexican street corn is so easy to make at home. Corn that can be grilled or made in the oven with a garlic mayo, lime juice, cotija cheese, and chili powder for a little heat. Serve it for a barbecue party or enjoy them as a snack!
INGREDIENTS:
  • 3 ears sweet corn
  • 3 tablespoons mayonnaise
  • 1/4 teaspoon garlic powder
  • 1/2 cup cotija cheese, crumbled
  • 3 tablespoons cilantro, chopped
  • 1/2 teaspoon chipotle chili powder (ancho chile powder works too) (see note)
  • 1 lime, quartered


DIRECTIONS:
  1. If you are going to bake the corn, leave the husks on. Preheat the oven to 350ºF. Place the corn covered in husks directly on the oven rack and bake for 35-40 minutes or until the corn is tender and juicy. If you are going to grill the corn, you can leave the corn husks on or take them off for some pretty grill marks.
  2. In a small bowl, combine the garlic powder with the mayonnaise. Place the cotija cheese in a shallow baking dish or a plate. When the corn is done, remove husks and brush the corn with the garlic mayonnaise. Roll in the cotija cheese and sprinkle with cilantro and chili powder. Serve with the lime wedges to squeeze over the corn.
NOTES:
If you do not want that much heat, replace the chipotle chili powder with smoked paprika.

Recipe Source:ittlespicejar.com


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