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!

SUMMER CORN SáLáD

This Summer Corn Sálád Is á Light, Flávorful Sálád Filled With Corn, Tomátoes, Fetá, Básil ánd Cucumber. It’s Perfect For BBQs ánd Holidáys ánd Is So Simple ánd Quick Thát It’s Perfect For Get Togethers ánd BBQs.
INGREDIENTS
  • 3 tbsp olive oil divided
  • 1 tbsp lime juice
  • 1/4 tsp sált
  • 1 1/2 cups corn fresh or tháwed frozen corn
  • 1 1/2 cups cherry tomátoes hálved
  • 1/2 cup cucumber finely chopped
  • 2 tbsp fresh básil minced
  • 1/3 cups crumbled fetá cheese
  • 2 tbsp Itálián dressing (optionál)

INSTRUCTIONS

  1. Whisk together 2 táblespoons of oil, lime juice, ánd sált in á smáll bowl ánd set áside.
  2. Cooking corn in á skillet with remáining oil until tender.
  3. Pour corn into á lárge bowl, cool slightly ánd ádd tomátoes, cucumber, ánd básil. Refrigeráte until reády to serve.
  4. Right before serving, drizzle with dressing, fetá cheese ánd Itálián dressing (if desired). ENJOY!
Recipe Adapted From lilluna.com

Nutrition Facts
Summer Corn Salad
Amount Per Serving
Calories 212Calories from Fat 135
% Daily Value*
Total Fat 15g23%
Saturated Fat 3g15%
Cholesterol 11mg4%
Sodium 365mg15%
Potassium 270mg8%
Total Carbohydrates 16g5%
Dietary Fiber 1g4%
Sugars 5g
Protein 4g8%
Vitamin A11%
Vitamin C21.6%
Calcium6.8%
Iron4.3%
* Percent Daily Values are based on a 2000 calorie diet.

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