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!

Reuben-Topped Irish Nachos

Typical Irish Nachos swap in potatoes for tortilla chips before being piled high with Mexican-style nacho toppings. But our version of Irish Nachos gets even more full-on Irish-y … they’re topped with the ever-popular flavors of a reuben sandwich! Easy to make and seriously delicious (with healthy tweaks all along the way)! A fun appetizer everyone will love!

You see, when I was testing the recipe for our Cheesy Pizza Fries, something went horribly wrong at the grocery store.
Somehow, buying 20 pounds of potatoes seemed like a rational decision … an appropriate amount. (An appropriate amount for what, I don’t really know … maybe for feeding a small, hungry army.)
Ingredients
Thousand Island Dressing
  • 2 1/2 tablespoons nonfat plain Greek yogurt
  • 1 1/2 tablespoons ketchup (natural or organic, see note)
  • 2 teaspoons sweet pickle relish (natural or organic, see note)
  • 3/4 teaspoon white vinegar
  • 1/4 teaspoon hot sauce (such as Frank's Red Hot)
  • 1/8 teaspoon garlic powder
  • 1/8 teaspoon onion powder
  • 1/8 teaspoon kosher salt

Potatoes
  • 1 1/2 pounds russet potatoes, scrubbed
  • 1 tablespoon extra virgin olive oil
  • 3/4 teaspoon garlic powder
  • 3/4 teaspoon onion powder
  • 3/4 teaspoon kosher salt
  • 1/8 teaspoon black pepper
Reuben Topping
  • 3 ounces extra-lean deli corned beef, chopped (see note)
  • 1 cup shredded, reduced-fat Swiss cheese
  • 1/4 - 1/3 cup sauerkraut (exact amount is personal preference), drained and gently pressed to remove extra moisture
  • finely chopped parsley (if desired), for garnish

Directions
  1. Preheat oven to 475ºF.
  2. In a medium bowl, combine dressing ingredients: Greek yogurt, ketchup, relish, vinegar, hot sauce, ⅛ teaspoon garlic powder, ⅛ teaspoon onion powder, and ⅛ teaspoon kosher salt. Cover and refrigerate until needed (can be made up to about two days ahead).
  3. Cut potatoes evenly into ⅛"-thick slices. (You can use a mandolin for this if you'd like, but I use a chef's knife. Either way, the key is to cut them very uniformly so they bake evenly.)
  4. In a large bowl, toss potato slices with olive oil until evenly coated. Sprinkle potatoes with ¾ teaspoon garlic powder, ¾ teaspoon onion powder, ¾ teaspoon kosher salt, and black pepper. Toss again to be sure spices are distributed very evenly. You may find that it's easiest to do this with your hands, rather than a mixing spoon.
  5. Place potato slices onto two parchment-lined baking sheets, spreading them out and making sure they don't touch or overlap (see note).
  6. Bake potato slices for 12-14 minutes. The exact baking times may vary if your potato slices aren't cut to ⅛" or if they aren't uniform in thickness. Check them periodically: you're looking for a warm, browned, toasty bit of color on the bottom of your slices, but you don't want them to burn.
  7. Carefully flip all slices over and continue baking on second side for about 5-8 minutes more, again checking periodically for doneness. If some of your slices are thinner than others, they may be ready sooner, and you may want to remove them to a plate while the other slices continue baking.
  8. When your potatoes are done baking, mound them into a pile in the center of one baking sheet, layering them as you do so with corned beef, cheese, and sauerkraut. Return the nachos to the oven for about 5 more minutes, to allow the toppings to warm and the cheese to melt.
  9. Garnish nachos with parsley, if desired, and serve with Thousand Island Dressing (you can drizzle the dressing on top, serve it alongside, or both).
Recipe Notes
Ketchup and pickle relish: We recommend purchasing natural or organic brands of these two items whenever possible, in order to avoid brands that have high-fructose corn syrup and other "questionable" ingredients.

Corned beef: What you want to purchase is very lean corned beef, like what you would get at the deli counter, not a large corned beef brisket. While the extra-lean deli slices should weigh in at just a gram or so of fat per ounce, a brisket is often about three or four times that.

Spreading out the potatoes: Spreading the potatoes out is the key to getting them to roast properly. If they're baked in a pile or with too much overlap, they won't develop a toasty, crispy, beautifully browned, roasted exterior. Don't try to squeeze all your fries onto one baking sheet – simply use two baking sheets, and you'll get a much better result.


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