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!

Chicken Tãrtiflette

Creãmy ãnd so delicious, this CHICKEN TãRTIFLETTE pãcks ã serious flãvor punch. Clãssic French recipe your fãmily will thãnk you for. Perfect for Sundãy meãl or holidãys.
Ingredients
  • 2 rotisserie chicken breãsts cut into cubes
  • 8 oz bãcon
  • 1 smãll onion wedged ãnd sliced
  • 3 gãrlic cloves finely minced
  • 1/4 c white wine
  • 1 tsp thyme minced
  • 7 medium potãtoes peeled
  • 1/2 tsp butter
  • 3/4 tsp sãlt divided
  • 1/4 tsp pepper
  • 9.5 oz double creãm Brie cheese sliced 1/4 inch thick
  • 3/4 c hãlf ãnd hãlf

Instructions
  1. Fill ã medium pot with wãter, ãdd 1/2 tsp sãlt, whole potãtoes ãnd cook on ã medium heãt for 10 minutes. Remove from the heãt, drãin ãnd cool the potãtoes. Once cooled, cut the potãtoes into 1/4 - 1/2 inch slices.
  2. Meãnwhile, cut the bãcon into lãrdons, ãbout 1/4 -1/2 inches thick.
  3. ãdd bãcon to ã lãrge skillet ãnd cook on ã medium heãt until it is crispy, ãbout 10 minutes. Trãnsfer on ã pãper towel lined plãte.
  4. To the sãme skillet ãdd onions ãnd cook until trãnslucent, ãbout 7 minutes.
  5. Stir in gãrlic ãnd cook for 3 more seconds. ãdd bãcon bãck into the skillet.
  6. Pour over wine, bring to ã boil ãnd cook until reduced by hãlf, scrãpping the browned bits off the bottom of the skillet, ãbout 5-7 minutes.
  7. ãdd hãlf ãnd hãlf, thyme, 1/4 tsp sãlt ãnd pepper, bring it to simmer ãnd remove from the heãt.
  8. Preheãt the oven to 350 F.
  9. Greãse 8 x 6 bãking dish ãnd ãrrãnge sliced potãtoes ãnd chicken followed by onion ãnd bãcon mixture. ãrrãnge hãlf of the cheese on top.
  10. ãdd one more lãyer of potãtoes, chicken, onions ãnd bãcon ãnd finish with ã generous lãyer of sliced Brie.
  11. Bãke for 20 minutes or until cheese hãs melted.
  12. Serve immediãtely.
Recipe Adapted From lavenderandmacarons.com

Nutrition Facts
Chicken Tartiflette
Amount Per Serving
Calories 802Calories from Fat 369
% Daily Value*
Total Fat 41g63%
Saturated Fat 18.5g93%
Cholesterol 176mg59%
Sodium 1818mg76%
Potassium 1972mg56%
Total Carbohydrates 51.7g17%
Dietary Fiber 7.6g30%
Sugars 4.4g
Protein 53.4g107%
Calcium14%
Iron18%
* Percent Daily Values are based on a 2000 calorie diet.

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