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!

THE BEST SALMON MARINADE RECIPE

I think I have adequately expressed my love of seafood. It truly is so hard to get awesome seafood, fresh seafood living in KY. But that does not deter me. 

I recently had the opportunity to try some King Salmon from Pure Food Fish Market out in Seattle. Let me tell you a little about this awesome seafood market. They are located in the seafood capital of the west coast in Seattle. You can order whatever fish they have available, and this is all fresh by the way, and they will overnight it to you on dry ice. You will have in the span of 24hrs some of the freshest seafood you have ever had in your life! I knew when we had tried the crab that it was amazing, so being given the opportunity to cook and eat fresh King Salmon, this salmon lover was over the moon!

Ingredients
  • 2-3lbs of Fresh Salmon Fillets
  • ½ cup of soy sauce
  • 2 tsp of red pepper flakes
  • 2 tsp of wholegrain mustard
  • 1 tbs of garlic powder
  • ⅓ cup of canola oil
  • ⅓ cup of brown sugar
  • 2 soaked cedar planks

Instructions
  1. In a large zip top bag place all marinade ingredients in and mix together.
  2. Place fish in bag and close tight. I would recommend putting the bag or bags in a dish so it doesn’t leak in the fridge.
  3. Allow to marinate for 2-4 hrs.
  4. When you are ready to cook place the fish on the planks and on the grill over low heat and cook until just firm to the touch or desired doneness.
  5. If you have an instant read thermometer about 120-125 degrees for a rarer salmon and up to 145 for more well done. But trust me when I say this fish is so good you don’t want to over cook it!
  6. Enjoy!
Recipe Adapted From wannabite.com

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