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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!

Venetian Crab Sandwich – tramezzino al granchio

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After the tiring trip from Rome to Mestre, our GPS had us drive in circles. “Turn right” the female voice kept saying but the street was blocked off with concrete posts. “Turn right, now!” she seemed to get frustrated with us for not turning and then finally gave up: “you have arrived at your destination.” As if.

Thank goodness our faithful BAM (Big A$$ Map, as we affectionately call it) showed us the way to our hotel. The unfriendly receptionist and the first ten minutes of figuring out how the light switches work, which left us feeling dim-witted**, didn’t ruin our excitement about visiting Venice.
We freshened up quickly and within minutes were sitting on a train to the islands. More importantly, I was going to meet my childhood friend whom I last saw some 35 years ago and who graciously offered to be our tour guide. She and her Italian husband drove from Trieste just to spend an afternoon with us. I have the best friends in the whole world! We had lots to see and lots to catch up on in one afternoon.

Tired and hungry we arrived at the restaurant they recommended as the best in town. I was ready to eat a whole cow. The display at the counter offered only tea sandwiches. What? This is famous Venice food? Politely, we simulated enthusiasm and ordered an assortment of sandwiches. To this day we still talk about those sandwiches. Not because we were disappointed. On the contrary, they were the best doggone sandwiches we ever ate, in particular, the ones stuffed with crab meat!

INGREDIENTS:
Makes 8 triangles
  • 2 (6 oz.) cans Lump Crabmeat, drained
  • ½ cup shredded Carrots
  • 1 tablespoon Olive Oil
  • 2 tablespoons Lemon Juice
  • ¼ cup Mayonnaise
  • 1 tablespoon Ketchup
  • ½ teaspoon Garlic Powder
  • ½ teaspoon Onion Powder
  • ¼ teaspoon Paprika
  • ¼ teaspoon prepared Horseradish
  • ½ teaspoon Worcestershire Sauce
  • ½ teaspoon Mustard
  • 1 teaspoon Hot Sauce (add more if you like it spicy)
  • Pinch of Salt and freshly ground Black Pepper
  • 8 slices of soft white Bread, crust removed
  • 2 hard-boiled Eggs, sliced
  • 1 cup baby Spinach
  • 1 large Tomato, sliced

DIRECTIONS:
  1. Drain the crabmeat and lightly squeeze with paper towels to remove excess moisture. In a medium bowl combine the first 14 ingredients.
  2. Assemble the sandwiches by spreading four slices of bread with the crab mixture. Cover with spinach leaves, tomato, and egg slices.
  3. Spread the other four slices of bread with a thin layer of mayo and place over the slices with crab mixture. Press bread edges to seal.
  4. Cover with clear wrap and refrigerate for 15-30 minutes. Cut the sandwiches into triangles and serve.

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