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!

INSTANT POT BEEF STEW (HOMEMADE PRESSURE COOKER)

INSTANT POT BEEF STEW (HOMEMADE PRESSURE COOKER)
Instant Pot Beef Stew (Homemade Pressure Cooker) makes the perfect comforting dish on a cold day. Best of all, this one pot meal is full of tender meat with carrots, potatoes, sweet potatoes and celery.
Instant Pot Beef Stew (Pressure Cooker) 
Prep Time 20 mins
Cook Time 20 mins
Total Time 43 mins
Instant Pot Beef Stew (Homemade Pressure Cooker) makes the perfect comforting dish on a cold day. Best of all, this one pot meal is full of tender meat with carrots, potatoes, sweet potatoes and celery. 
Course: Main Course
Cuisine: American
Keyword: beef, beef stew, classic beef stew recipe, homemade beef stew, Instant Pot, pressure cooker, stew
Servings: servings
Calories: 175 kcal
Author: Kelly

Ingredients
  • 1 1/2 - 2 pounds beef stew meat trimmed and cut into 1 - 2 inch chunks
  • 1 -2 teaspoons sea salt
  • 1/2 teaspoon black pepper
  • 1/2 teaspoon onion powder
  • 2 1/2 teaspoon Italian seasoning , divided
  • 1/3 cup flour , use gluten free flour or arrowroot starch if needed (leave out for keto)
  • cooking oil
  • 1 medium onion cut into large chunks
  • 3-4 cloves garlic , minced
  • 6 tablespoons tomato paste
  • 2 tablespoons balsamic vinegar or red wine
  • 4 medium Russet potatoes , peeled and chopped into 1 inch chunks (sub with cauliflower for low carb / keto)
  • 1 large sweet potato peeled and chopped into 1 inch chunks (swap with pumpkin for low carb / keto)
  • 3 medium carrots , peeled and cut into slices (leave out for low carb / keto)
  • 2 ribs celery chopped
  • 1-2 teaspoons Worcestershire sauce
  • 1 bay leaf
  • 4-5 cups beef broth , homemade or low sodium
  • water as needed to cover the vegetables
  • 1-2 tablespoons fresh chopped parsley for garnish
  • 1/2 star anise , optional but adds SO much depth and flavor
  • salt and pepper to taste
TO THICKEN STEW (OPTIONAL):
  • Make a slurry with 2 Tablespoons cornstarch or flour , all purpose, gluten free or arrowroot powder+ 3 tablespoons cool water
  • Instant Pot , I have the 6 Quart DUO
Instructions
  1. In a large zip-top bag, combine flour, salt, pepper, onion powder, and 1/2 teaspoon Italian seasoning. Add meat and shake until well coated..
  2. Browning the meat: (feel free to skip to step 5 and add all the ingredients together instead). Set the Instant Pot to SAUTE, add cooking oil and brown the meat on all sides. Meat will not be cooked through. (Be sure not to crowd the pot - you may have to work in batches). Transfer browned meat onto a large plate.
  3. Place the pot back in the pressure cooker and add onions and garlic and sauté for a minute or two then add the balsamic vinegar and tomato paste until just hot enough to deglaze the pot, about 1 minute.
  4. Add the beef back into the pot along with potatoes, sweet potato, carrots, celery, Worcestershire sauce, the remaining 2 teaspoons Italian seasoning, bay leaf, beef broth and (star anise if using). Stir to combine. If there is not enough liquid to cover the vegetables, add water - only as much as needed.
  5. Cover and seal the lid and set to 20 minutes with High Pressure on Manual mode. Allow the pressure cooker to release naturally for at least 15 minutes. Adjust seasonings with salt and pepper if necessary (discard star anise if used). Serve hot with fresh parsley.
TO THICKEN STEW (OPTIONAL):
  1. Make a slurry by whisking 3 tablespoons of cool water with 2-3 tablespoons cornstarch or flour (all purpose, gluten free or arrowroot powder). Set the Instant Pot to SAUTE and allow the stew to come to a boil and thicken up.

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