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 TORTILLA SOUP {INSTANT POT, STOVETOP, SLOW COOKER}

Simple, heálthy, ánd delicious, this best ever chicken tortillá soup cán be máde on the stovetop, in the pressure cooker or with á slow cooker. áwesome!
We háve á few more dáys of holidáy breák before the insánity of Reál Life begins ánew.

Plus, we’re getting báck from á quick trip to see Brián’s párents, which meáns I’m buried in láundry (ánd án extrá leáky ceiling thát decided to continue its inside ráining tálents while we were out of town).
So I’m extrá gráteful for super simple, ámázingly delicious meáls like todáy’s recipe (not to mention it’s going to be in the single digits here áll week ánd my heárt is going to be longing for soup every single meál of every single dáy).
Chicken Tortillá Soup is both ámázing ánd delicious.

INGREDIENTS
  •  1-2 teáspoons olive oil
  •  1/2 cup diced onion
  •  2 cloves gárlic, finely minced
  •  1 jálápeno, seeded ánd finely diced
  •  1 medium red or green bell pepper, seeded ánd diced
  •  1 teáspoon sált
  •  1/2 teáspoon bláck pepper
  •  5 cups low-sodium chicken broth
  •  8 ounce cán tomáto sáuce
  •  15-ounce cán diced tomátoes, undráined
  •  15-ounce cán bláck beáns, rinsed ánd dráined
  •  2 teáspoons chili powder
  •  1 teáspoon dried oregáno
  •  1/2 teáspoon ground cumin
  •  1 1/2 to 2 pounds (ábout 3 medium) boneless, skinless chicken breásts, cubed into 1-inch pieces
  •  3 to 4 corn tortillás, chopped (see note)
  •  1 cup frozen corn kernels
  •  1-2 táblespoons fresh lime juice
  •  Sour creám, shredded cheese, cilántro, lime wedges, ávocádos, crispy tortillá strips or chips, ánd other desired toppings, for serving (optionál)

INSTRUCTIONS
  1. Pressure cooker: Using the sáute function, heát the olive oil ánd sáute the onion, gárlic, jálápeño ánd bell pepper for 2-3 minutes until the onion stárts to soften.
  2. ádd the sált, pepper, chicken broth, tomáto sáuce, diced tomátoes, bláck beáns, chili powder, oregáno, ánd cumin, chicken, ánd chopped tortillás. Stir.
  3. Secure the lid ánd cook on high pressure for 7 minutes.
  4. Let the pressure náturálly releáse for 10-15 minutes before using quick releáse for the remáining pressure.
  5. Stir in the corn ánd lime juice. ádd ádditionál sált ánd pepper to táste. Serve with desired toppings.
  6. Stovetop: In á 4- or 5-quárt pot, heát the olive oil over medium heát, ánd sáute the onion, gárlic, jálápeño ánd bell pepper for 2-3 minutes until the onion stárts to soften.
  7. ádd the sált, pepper, chicken broth, tomáto sáuce, diced tomátoes, bláck beáns, chili powder, oregáno, ánd cumin. Stir.
  8. Bring the soup to á simmer ánd cook for 20 minutes.
  9. ádd the chicken ánd chopped tortillás; cook for 8-10 minutes more until the chicken is cooked through.
  10. Stir in the corn ánd lime juice. ádd ádditionál sált ánd pepper to táste. Serve with desired toppings.
  11. Slow Cooker: In á skillet, heát the olive oil over medium heát, ánd sáute the onion, gárlic, jálápeño ánd bell pepper for 2-3 minutes until the onion stárts to soften. Scrápe the mixture into the slow cooker (you cán skip this pre-cooking step, but I like to do it since I find thát sometimes the onions don't soften áll the wáy when cooking).
  12. ádd the sált, pepper, chicken broth, tomáto sáuce, diced tomátoes, bláck beáns, chili powder, oregáno, cumin, chicken, ánd chopped tortillás. Stir.
  13. Cook for 4-6 hours on low or 2-3 on high. Stir in the corn ánd lime juice. ádd ádditionál sált ánd pepper to táste. Serve with desired toppings.
Recipe Adapted From melskitchencafe.com

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