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!


If you enjoy this honey teriyaki chicken recipe, check out these easy dinner ideas!
I’m going to be perfectly honest – I almost didn’t post this honey teriyaki chicken recipe on the blog. Halfway through cooking, the sauce didn’t cook down, so I pretty much thought this recipe was going to be a big soupy fail.
Luckily, in the last minute or two, it came together and it turned out better than I expected.
After it was done, I entered the ingredients into a calorie counter and realized that it only has 322 calories per serving! WIN.
You can serve this honey teriyaki chicken over brown rice to keep up with the healthy theme. I served over white rice since I was out. Some readers have also liked adding in some broccoli (genius!), so if you have that on hand it would be a fun way to mix it up.

Make your own delicious homemade takeout with this Honey Teriyaki Chicken Recipe. With just a handful of ingredients and just 20 minutes, you can have dinner on the table in a snap.

Course Main Course
Cuisine Chinese
Prep Time 5 minutes
Cook Time 15 minutes
Total Time 20 minutes
Servings 4 people
Calories 322 kcal
Author Jazmin Rode

  • 1.5 lbs Boneless Skinless Chicken Breast Tenders
  • 1/3 cup Honey
  • 1/3 cup Teriyaki Sauce
  • 1 tbsp Soy Sauce ,low sodium, if desired
  • 1 tbsp Minced Garlic
  • 1/2 tsp Black Pepper ,or to taste
  • 1/4 tsp Salt ,or to taste
  • 2 tbsp Sesame Seeds
  1. Chop chicken tenders into one inch pieces. I think it looks prettier when you vary the shapes between rectangular chunks and triangles. It just gives it a more "restaurant" look.
  2. Transfer chicken into a large bowl. Add the teriyaki sauce, soy sauce, honey, minced garlic, salt and pepper. Massage into chicken.
  3. Transfer chicken (liquid and all) into an oiled and heated pan over medium high heat, stirring occasionally, for about five minutes.
  4. Crank the heat up to high, stirring occasionally. Cook until sauce has reduced. This process can take between 10 and 15 minutes. When the sauce thickens up and starts sticking to the chicken, add sesame seeds. Stir.
  5. Remove from heat. Let sit for five minutes before serving.
This is so good, guys. Like really good. The chicken is perfectly moist and tender, the outside is nice and sticky. The sesame seeds provide the perfect crunch. I love it. Also, I’m pretty sure I just wrote a love letter to my chicken.

I’d love to know if you try this honey teriyaki chicken recipe! Be sure to check out these easy dinner ideas.


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