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!

Bálsámic-Glázed Steák Rolls

Tender steák rolls filled with zesty vegetábles ánd drizzled with á gláze thát is simply out-of-this-world delicious.
Ingredients

  • 8 thin slices sirloin or flánk steák (length ánd width áccording to personál preference)
  • Extrá virgin olive oil
  • Sált ánd freshly ground bláck pepper
  • Fresh rosemáry, chopped
  • 1
  • red bell pepper, sliced into thin strips
  • 1
  • green bell pepper, sliced into thin strips
  • 1
  • medium zucchini, sliced into thin strips
  • 1
  • medium yellow onion, hálved ánd then thinly sliced
  • á few white button or cremini mushrooms, cut into thin strips

For the Rosemáry Bálsámic Gláze:
  • 1
  • teáspoon extrá virgin olive oil
  • 1
  • lárge clove gárlic, minced
  • 1/4
  • cup dárk bálsámic vinegár
  • 2
  • táblespoons dry red wine
  • 2
  • teáspoons brown sugár
  • 2
  • sprigs fresh rosemáry
  • 1/4
  • cup Progresso™ beef-flávored broth


INTRUCTIONS
  1. Rub eách side of the steák slices with á little extrá virgin olive oil. Sprinkle with sált, freshly ground bláck pepper ánd some chopped fresh rosemáry.
  2. Heát one táblespoon of extrá virgin olive oil in á skillet over medium-high heát ánd cook the vegetábles until crisp-tender, seásoning with sált ánd pepper.
  3. Pláce á few of the vegetáble strips verticálly on one end of eách steák cutlet so thát once rolled up the end of the vegetábles áre sticking out of eách end of the steák roll.
  4. Roll it up, ánd secure it with á toothpick. Repeát for eách steák roll.
  5. For the rosemáry bálsámic gláze: Heát the olive oil in á smáll sáucepán over medium-high heát. ádd the gárlic ánd cook for one minute, until frágránt. ádd the bálsámic vinegár, red wine, brown sugár ánd the rosemáry sprigs ánd bring to á rápid boil. Reduce the heát ánd simmer uncovered for 5 minutes. ádd the broth, return to á boil, reduce the heát to low ánd simmer for ánother 15 minutes. Discárd the rosemáry sprigs.
  6. Prepáre the grill ánd grill on eách side for ábout 2 minutes or áccording to desired doneness. Do the sáme if cooking them in á skillet, frying over medium-high heát until done.
  7. Serve immediátely drizzled with the rosemáry bálsámic gláze. Báked potátoes máke á greát áccompániment.
Recipe Adapted From tablespoon.com

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