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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!

NO WASHING UP HAM, EGG & CHEESE POCKETS

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A fantastic way to use up leftover Christmas ham (you saved some, didn’t you??)! These irresistible Ham, Egg and Cheese Pockets are soft on top and crispy on the bottom, they take 3 minutes to assemble and you won’t dirty a single thing. I mean it! NO DIRTY DISHES!

Every year on Boxing Day (the day after Christmas, a holiday recognised by Commonwealth nations), I share a Christmas leftovers recipe. As I did a Leftover Turkey Pot Pie after Thanksgiving, I’m doing a ham one for Christmas.

And so I present to you these No Washing Up Ham, Egg & Cheese Pockets. A little belated Christmas present to all those who were tasked with washing up the mounds of greasy roasting pans, cake tins, mixing bowls and seemingly endless piles of plates, cutlery & glasses. 😉

These pockets filled with ham, egg and cheese take 2 minutes to assemble and you won't have a single dirty dish to wash! No need to measure the filling exactly, just eye ball it. Use this recipe as a base and fill these pockets with whatever you want - salami, cooked bacon, spinach, olives - the possibilities are endless! Tip: Don't go overboard with the filling, will make it tricky to wrap.

Ingredients

  • 2 soft large wraps / tortillas (approx 23 cm / 9" diameter) (Note 1)
  • 110-150 g / 3.5-5 oz ham slices (Note 3)
  • 1/2 - 2/3 cups grated cheddar or tasty cheese (or any other melting cheese) (Note 2)
  • 2 eggs

Instructions
  1. Preheat oven to 180C/350F (all oven types).
  2. Place 2 pieces of foil on a work surface and spray with oil (any).
  3. Place tortilla on foil. Place ham in the middle of the tortilla, making sure you arrange it so it is flat, not a mound (harder to keep egg in place). Even better, create a shallow crater shape using off ham off cuts and shavings.
  4. Place cheese in the middle of the ham, the form into a ring.
  5. Working quickly (one pocket at a time), crack an egg into the ring then fold the bottom and top edges in, then the left and right side to form a package (see video below recipe). Then wrap in foil. DO NOT TURN UPSIDE DOWN!!! (Egg will leak)
  6. Place on baking tray.
  7. Bake for 25 minutes. Check to ensure yolk is cooked by poking the pocket, you will feel the dome shape of the yolk. The base and edges should be crispy and the top will be soft.
  8. Unwrap immediately (otherwise will sweat and lose crispiness). Serve hot!
Recipe Notes
1. I use Mission soft wraps and large tortillas.

2. You can use any cheese that melts, like Monterey Jack, Gruyere, even Swiss. I usually don't make this with mozzarella cheese because it doesn't have as much flavour, but can if you want to!

3. I made this with leftover Christmas ham sliced pretty thinly. But you can use any ham you want - or even sub with other cured meat of choice. 

4. This is not suitable for freezing because cooked whites go a bit rubbery. If you want to make these to freeze, use a fork to whisk the egg before pouring it into the cheese ring. Cook for 20 minutes, then unwrap and allow to cool. Then wrap in cling wrap (or foil if you want to reheat in oven), place in airtight containers and freeze. To reheat, thaw then either reheat at 180C/350F in oven for 10 minutes or in the microwave (1 minutes on high should be enough)

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