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 SKINNY FETTUCCINE ALFREDO

INSTANT POT SKINNY FETTUCCINE ALFREDO
This Skinny Instant Pot Fettuccine Alfredo has all of the delicious rich and creamy flavor you love from traditional fettuccine alfredo but it’s lighter and much healthier, with no butter or heavy cream, and a fraction of the calories. If that’s not exciting enough, it’s made in the Instant Pot for a super quick and easy pasta (and even easier cleanup) that your family will LOVE!
Instant Pot Skinny Fettuccine Alfredo
Prep Time 5 mins
Cook Time 20 mins
Total Time 25 mins
Course: Main Course
Cuisine: Italian
Keyword: healthy alfredo sauce, instant pot pasta
Unit: cup, teaspoon
Servings: 4
Calories: 405 kcal
Author: Lauren Allen

Ingredients
  • 8 ounces fettuccine noodles , broken in half
  • 1 teaspoon oil
  • 3 cloves garlic minced
  • salt and pepper
  • 2 1/2 cups low-sodium chicken broth
  • 1 cup milk , skim or 1%
  • 3 teaspoons cornstarch
  • 1/2 teaspoon onion powder
  • 1/2 teaspoon dried basil
  • 1/2 teaspoon dried parsley flakes
  • 1 cup freshly grated parmesan cheese
Instructions
  1. Add oil to the IP and turn to saute. Once hot add garlic and stir for 10 seconds. Turn IP off. 
  2. Add pasta and chicken broth, making sure the noodles are covered in the liquid.
  3. Turn valve to sealed and cook on manual (high pressure) for 3 minutes. 
  4. When the times beeps allow the pressure to naturally release for 6 minutes, before turning the valve to release remaining pressure and open the lid. 
  5. Stir pasta, breaking up any pieces that have stuck together.
  6. Stir the cornstarch and milk together until smooth. Add to the instant pot, along with the dry spices and parmesan cheese. Season with salt and pepper, to taste.
  7. Turn Instant pot to saute setting and stir gently until the sauce just begins to thicken. Turn Instant Pot off. 
  8. The sauce will thicken significantly as it cools, so allow it to cool for a few minutes before serving. You can add additional cheese, if needed, to thicken the sauce. 
Recipe Notes
Don't own an Instant Pot? Make this recipe in just one pan, on the stove-top, with this recipe.

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