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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!

Individual Mexican Casseroles Recipe

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These easy low-carb Individual Mexican Casseroles have mild flavors of green chiles combined with onions, garlic, ground beef, cheese and Mexican spices making this hot dish delicious and satisfying. The milk, egg, and flour form a quiche-like top layer.

This recipe for two is very versatile. You can add in your favorite ingredients like tomato or refried beans. It can also be served for breakfast, lunch or dinner.
Ever since starting this blog and downsizing recipes to make for the two of us, I have been on the look out for dishes, pans, and gadgets that make cooking for two easy and convenient.
These easy Individual Mexican Casseroles have mild flavors of green chiles combined with onions, garlic, ground beef, cheese and Mexican spices making this hot dish delicious and satisfying. The milk, egg, and flour form a quiche-like top layer. This recipe for two is very versatile. You can add in your favorite ingredients like tomato or refried beans. It can also be served for breakfast, lunch or dinner.

Ingredients (Choose US or Metric)
  • Non-stick spray
  • 1/2 Tablespoon olive oil
  • 1/2 lb ground beef
  • 1/4 onion
  • 1/2 clove garlic minced (from a jar)
  • 7 oz can diced green chiles mild
  • 1/4 teaspoon ground cumin
  • 1/4 teaspoon oregano leaves
  • 1/2 Tablespoon Chili powder
  • Salt and pepper to taste
  • 1/2 cup Monterey Jack cheese shredded
  • 1/4 cup mild cheddar cheese shredded
  • 1 egg
  • 1/3 cup milk
  • 1/8 cup flour
  • 1/8 cup Green onion for garnish diced (optional)

Instructions
  1. Preheat the oven to 325 degrees F (160 C).
  2. Coat two 20 ounce individual oven safe baking dishes with non-stick spray. Click here for 20 ounce oven safe baking dishes.
  3. Dice the onion.
  4. Pour the olive oil into a medium frying pan over medium heat and cook the ground beef and onion about 5 minutes. Drain off any excess grease from the beef.
  5. Add the garlic, green chiles, cumin, oregano, and chili powder.
  6. Sprinkle in salt and pepper to taste. Stir until well mixed.
  7. Layer half of the beef mixture on the bottom of each of the dishes.
  8. Next layer half of the cheese in each dish.
  9. In a small bowl combine the egg and milk with a whisk.
  10. Add the flour a little at a time to avoid lumps.
  11. Pour half of the egg mixture over the top layer of cheese in each dish.
  12. Sprinkle green onion, if using, over each dish.
  13. Place the dishes on a baking sheet and bake for about 30 minutes. Click here for a baking sheet.
  14. Garnish with additional green onion if desired.

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