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!

Skillet Sausage and Rice

This Skillet Sausage and Rice is a fast and delicious dinner recipe for busy nights. A few ingredients cook up fast in one skillet with easy clean-up!

This skillet sausage and rice is a fast and delicious recipe for busy nights.  I love how easy this recipe is to throw together and it cooks up so fast, all in one skillet making clean up a breeze as well.  Not to mention it is so tasty!  My husband took all the leftovers to work and requested it for dinner again the next week.  My kids loved it too.  All around this was a great win for a good family pleasing dinner.  A special thanks to Paige for sharing this recipe with us, it was a favorite recipe of theirs, and is now a favorite of ours too!  I have a feeling that this will be on regular rotation around here.
If you are wanting to add more veggies for even more color and flavor, some great additions could be onions, peppers, tomatoes, or zucchini.  We used white rice, but brown rice would also work great.  Also, we made it once with canned corn and once with frozen corn- both work fine, but I actually preferred the canned corn (drained).  The frozen corn, while cooking, ended up a little wet when it thawed, and gave the whole dish a little too much corn flavor.  The main source of flavor comes from the Kielbasa sausage, so it just needs a little bit of seasoning and you are good to go.

Ingredients (with Amazon Links)
  • Beef Kielbasa sausage 14 oz
  • 1 tsp. minced garlic
  • 1 can of black beans drained and rinsed
  • 1 can of corn drained
  • 2 cups of pre-cooked rice
  • 2 Tbsp. Worcestershire sauce
  • Salt and pepper to taste

Instructions
  1. Sauté the sausage in a large skillet over medium-high heat till brown, add in the minced garlic and stir another minute.
  2. Lower the heat to a medium-low and add the drained black beans, corn, and rice to the sausage.
  3. Season with Worcestershire sauce and salt and pepper. Once everything is heated through, it is ready to serve.

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