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!

Best Ever Mac and Cheese

My mom has been making her famous Mac and Cheese recipe since before I can remember and I promise you… with neighbors, her church, our extended relatives… this is her number 1 most requested side dish. Ever!

Everyone raves how it is the best mac and cheese they have EVER had! I agree. My family gobbles up this stuff
Now, I should preface, this recipe has Velveeta and I know some of you are huge fans. I typically am not, however, I have not been able to find a suitable replacement and still get the same consistency, flavor and texture. So if you are up for the challenge and try a substitute with great results, come back and let me know!

Until then, I eat this recipe as is. It is the only recipe I use Velveeta in personally, as I have found other cheeses to work.

This Mac and Cheese is my mom's famous recipe. It is creamy, cheesy and completely addictive! It makes for a fabulous side dish whoever it goes and is extremely popular! There is never any left!

Ingredients
  • 1 pound macaroni, cooked according to package directions
  • ¼ cup butter
  • ¼ cup flour
  • 3½ cups milk
  • 8 ounces cream cheese, softened
  • 16 ounces Velveeta, cut into 1 inch cubes
  • 1 teaspoon salt
  • ¼ teaspoon white pepper
  • 2½ cups medium sharp cheddar cheese, shredded and divided


Instructions
  1. Preheat oven to 350 degree F.
  2. Spray a 9x13 baking dish with vegetable cooking spray.
  3. Add the cooked macaroni to dish.
  4. In a large sauce pan melt the butter over medium heat. Add flour and cook for 1 minute. Slowly add the milk and bring to a boil. Add cream cheese and Velveeta cheese, and stir until melted and completely smooth. Remove from heat and stir in 2 cups of the sharp cheddar cheese. Stir until melted.
  5. Pour over macaroni and carefully stir in the sauce until it is completely incorporated.
  6. Sprinkle remaining cheese over the top and bake for 40 to 50 minutes.

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