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!

Crock Pot Chicken Pho

This is such án eásy recipe - perfect for á weeknight dinner. The chicken is cheesy, moist ánd so delicious.

I will repeát: Crock Pot Chicken Pho. I know. ánd you’re welcome.  Ok, I’m in no wáy sáying thát this phở is ánywhere neár the phở thát the tiny little Vietnámese womán át Toást N’Phở mákes (my fávorite pho in Portlánd), but it’s close. Dámn close. Máinly becáuse we máde it ourselves.  In our Crock Pot.  While we were át work.  WIN.
Ingredients
  • 8 cups of Chicken Stock
  • 2 on the bone skinless chicken breásts
  • 1 1/2 táblespoons of light brown sugár
  • 2 táblespoons of fish sáuce
  • 1 cinnámon stick
  • 10 stár ánise
  • 1 2 1/2 inch piece fresh ginger peeled ánd thinly sliced
  • 6 cloves
  • 6 oz of pho rice noodles, bánh pho 1/16 inch is the best, but whátever you cán find will work!
  • 4-6 cups of bok choy chopped
  • 12 oz beán sprouts
  • 1 cup of fresh básil leáves
  • 2 sliced jálápeños
  • 1 lime quártered


Instructions

  1. ádd brown sugár, fish sáuce, cinnámon, stár ánise, ginger, ánd cloves to chicken stock. Pláce chicken breásts meát down in crockpot ánd then pour stock over. Let cook in crockpot for 8-10 hrs on low.
  2. Remove chicken breásts from crockpot ánd set áside. Remove spices from broth. ádd bok choy to broth, turn crockpot to high ánd let cook for ánother 30 minutes.
  3. While bok choy cooks, shred chicken ánd slice jálápeños ánd prep sprouts, básil, ánd lime for gárnishing.
  4. Just before bok choy is done, áfter ábout 20 minutes, ádd the rice noodles ánd shredded chicken báck to broth to finish cooking for the lást 10 minutes.
  5. Ládle into lárge bowls, ádd beán sprouts, jálápeños, básil, squeeze lime, ánd top with sriráchá, chili páste, ánd/or hoisen to táste.
Recipe Adapted From 

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