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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!

7-INGREDIENT EASY ZUPPA TOSCANA (CREAMY GNOCCHI SOUP WITH KALE AND SAUSAGE)

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One of my favorite things about meeting new friends is getting to visit their homes for the first time.
Ok ok, I’ll admit, often I’m totally “that friend” who will figure out a way to casually invite myself over, because I love getting to see where someone lives.   I love taking in the neighborhood, I love seeing what sort of house they chose, I love getting a sense of his or her decorating style, I love nosing around old photos, I definitely love scoping out their books, and really, I love just having a visual for where my friends spend their days.
Even better than seeing their place, though?  Meeting their family.

It’s context at its best, and usually makes all sorts of things click into place about someone.  Everything from seeing resemblances in a mother and daughter’s eyes, to realizing that he picked up that funny catchphrase from his dad, and of course, to hopefully hearing (my favorite!) all sorts of family stories galore.  Our families certainly don’t define us, but they sure are a big part of the stories of our lives.
If you love this classic restaurant-style soup, you’ll love the easy homemade version made with gnocchi, sausage and kale! Ready to go in less than 30 minutes.

INGREDIENTS:
  • 1 pound ground hot* Italian sausage
  • 1 small white onion, peeled and diced
  • 4 cups good-quality chicken stock
  • 1 (12-ounce) jar DeLallo roasted red peppers, drained and diced
  • 1 bunch kale, roughly chopped (and stems removed, if desired)
  • 1 pound DeLallo potato gnocchi
  • 1/2 cup heavy cream
  • salt and pepper
  • optional toppings: freshly shaved or grated Parmesan cheese, crumbled bacon

DIRECTIONS:
  1. Add Italian sausage and diced onion to the large stockpot or Dutch oven.  Cook over medium-high heat until the sausage is completely browned, stirring occasionally and breaking up the sausage with a spoon.  Drain out as much of the excess grease as possible.
  2. Then add in the chicken stock and diced roasted red peppers, and bring the mixture to a simmer (still over medium-high heat).  Once it reaches a simmer, reduce heat to medium-low and add the kale and gnocchi and stir to combine.  Continue cooking for 5 minutes, or until the gnocchi are cooked through and tender.  Stir in the heavy cream.  Season to taste with salt and pepper.  (I used about 1 teaspoon salt, 1/2 teaspoon pepper.)
  3. Serve warm with desired toppings.
  4. You can also refrigerate this in a sealed container for up to 3 days.
  5. *I highly recommend using “hot” Italian sausage for this recipe.  With so few ingredients, the sausage is actually the ingredient that provides most of the seasoning for this soup.  And much of the heat will be dispersed over the multiple servings.  So unless you’re really averse to spicy food, take the chance and go hot with this one!
  6. (And if you can’t find hot Italian sausage, you can also add in some crushed red chili flakes instead.)

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