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!

Crockpot Chicken and Wild Rice Casserole

Crockpot Chicken and Wild Rice Casserole
This classic comfort food casserole is prepared in the slow cooker! Chicken, wild rice, mushrooms, and seasonings – the perfect Crockpot recipe for a busy weeknight!
Moms and Dads, we’re almost there. We’re in the home stretch. It’s towards the end of May now and school will be out in a few short weeks. Wesley will be done preschool the Friday before Memorial Day and Silas will be done first grade the first full week in June.
I’m delusional, though, if I think I’ll be getting a break anytime soon. That’s because we’re moving!
I believe at this point I have a grand total of 2 boxes pack. Yes, literally, two. In my defense, I have cleared out the entire basement storage of things I wanted to donate or trash. I’ve pared it down as much as I can. I’m proud of myself that I saved all of our moving boxes from our previous move. So between those, and our joint addiction to Amazon Prime, we should be good to go!

But I still LOATHE packing.
This Crockpot Chicken and Wild Rice Casserole is the perfect dinner to just set in your slow cooker and have dinner ready when your family is ready. Needless to say, my slow cooker will be getting a huge workout between now and moving time!

Crockpot Chicken & Wild Rice Casserole
This classic comfort food casserole is prepared in the slow cooker! Chicken, wild rice, mushrooms, and seasonings – the perfect Crockpot recipe for a busy weeknight!

author:Kelly Miller
prep time:10 minutes
cook time:3 hours
total time:3 hours 10minutes
servings: 6 servings
  • 6 oz box long grain and wild rice mix
  • 4 boneless skinless chicken breasts
  • 8 oz sliced mushrooms
  • 10 3/4 oz can cream of chicken soup
  • 1 1/4 cup water
  • 1/4 cup real bacon pieces
  1. Pour dry rice into bottom of slow cooker, set aside seasoning envelope. Lay chicken over dry rice.
  2. Sprinkle mushroom slices over chicken. In a small bowl, whisk soup, water, and contents of seasoning envelope.
  3. Pour over mixture in Crockpot. Sprinkle bacon pieces on top.
  4. Cook on high for 3 hours or low for 5-6 hours or until chicken is cooked through.
Calories: 263 kcal  Fat: 6 g  Saturated fat: 1 g  Cholesterol: 56 mg  Sodium: 531 mg
Potassium: 568 mg  Carbohydrates: 26 g  Fiber: 2 g  Sugar: 1 g  Protein: 24 g
Vitamin A: 2.3%  Vitamin C: 2.1%  Calcium: 1.7%  Iron: 8.9%

This is pure comfort food for sure – your family will LOVE this dinner!


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