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!

Bruschetta Pasta Salad

Bruschetta Pasta Salad
This Bruschetta Pasta Salad is a perfect summer side dish. Loaded with tomatoes, basil, parmesan cheese and noodles this salad is a must make dish!
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Was there ever a better foodie match than tomatoes with basil and garlic and cheese? Now let’s add some noodles and you have a Bruschetta Pasta Salad. Oh yes…think about that for a second. You want to make it don’t you? Picture yourself on a sunny summer deck, with a glass of wine (or sparkler) in hand…you’re sitting down to a delicious summer meal and this salad is on the menu. Ahhhhh

I love this flavour combination so much that I’m planning to dedicate 2 big flower pots in my garden this summer to growing tomatoes and basil and I can’t wait. These two plants are a match made in heaven, even in the garden…they’re perfect companion plants that help each other grow. When I plant them side by side I get the best basil in the world! And that means plenty of bruschetta, goat cheese tarts, Caprese salad, and this bruschetta pasta salad. Hello summer.
So let’s get back to this pasta dish, shall we? This dish is fresh and very easy to put together. For this pasta salad the noodles, tomatoes and basil are tossed with olive oil, a little balsamic vinegar, some parmesan cheese, then seasoned with salt and pepper. Just simple and delicious. And you can use any kind of noodles that you like for this dish, I just happened to have some orecchiette noodles around so I used them. I liked how the shape of the noodle held the bruschetta so you had a mouthful of flavour in each bite.
bruschetta pasta salad
Yield: 6 servings

This Bruschetta Pasta Salad is a perfect summer side dish. Loaded with tomatoes, basil, parmesan cheese and noodles this salad is a must make dish!

  • 3 cups cooked pasta
  • 5 tomatoes (chopped (I use vine ripened because they have the most flavour!))
  • 2 green onions (chopped)
  • 1 tbsp red onion (chopped finely)
  • 1-2 cloves garlic (minced)
  • 1 bunch basil (chopped)
  • 1 tbsp olive oil
  • 2 – 4 tsp balsamic vinegar (to your taste)
  • 1/3 cup shredded parmesan cheese
  • salt & fresh ground pepper to taste
  1. In a bowl, combine the tomatoes, onions, garlic, chopped basil, olive oil, balsamic vinegar and parmesan cheese.
  2. Let this mixture rest for at least 15 minutes.
  3. Then toss the tomato mixture with the cooked noodles.
  4. Season with salt and fresh ground pepper.
  5. You can serve and enjoy this recipe right away, or let it rest for up to an hour before enjoying!


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