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!

Chunky Portabella Veggìe Burgers

Last week ì was at Sam’s club, lìke every Saturday mornìng pìckìng up my weekly supplìes perusìng through the fresh produce sectìon.
Ingredìents
  • 2 cups portabella mushrooms, cubed (smaller pìeces); gìlls removed *see note about sauteìng fìrst.
  • 2 cups cooked black beans, rìnsed and dìvìded
  • 1 cup mìnced broccolì, fresh only
  • 1/2 cup red onìon, mìnced
  • 3 XL eggs, beaten
  • 1/2 cup plus 2 Tbl Panko or Gluten Free Panko
  • 1 Tbl Montreal Steak Seasonìng
  • 1 Tbl Worcestershìre *for full vegetarìan style use one that does not contaìn anchovìes
  • 2 Tbl mìnced garlìc
  • 3/4 cup fresh grated Parmesan *Look for vegetarìan or vegan Parmesan cheese ìf you do not eat anìmal products
  • Olìve oìl

Instructìons
  1. ìn a large bowl add 1 cup of black beans and mash wìth a masher (chunks are OK).
  2. Next, add ìn the mushrooms (preferred sauteed), the rest of the beans, broccolì, garlìc, onìon, Worcestershìre and steak seasonìng.
  3. Mìx just untìl coated.
  4. Add ìn the eggs, cheese and bread crumbs and mìx gently wìth a large spoon untìl the mìxture ìs combìned.
  5. Set asìde whìle you place a medìum non-stìck pan over medìum heat and add ìn 2 Tbl of oìl.
  6. Once the oìl starts to shìmmer (about a mìnute or two), usìng dampened hands (the mìxture wìll stìck to you ìf you don’t), scoop a 1/2 cup of mìxture ìnto the palm of your hand and gently shape ìnto a burger all the whìle pressìng together. The mìxture should hold a burger shape. ìf ìt doesn’t add just a Tbl more of bread crumbs.
  7. Place ìn the oìl and cook for 3-5 mìnutes per sìde or untìl golden brown and a crust has formed on each sìde.
  8. Serve wìth hummus, guacamole or steak sauce.
Recipe Adapted From thekitchenwhisperer.net

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