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!

Mexican Shredded Beef {Instant Pot or Slow Cooker}

Mexican Shredded Beef {Instant Pot or Slow Cooker}
The beauty of this Mexican Shredded Beef is it can be done in the Instant Pot or the slow cooker and either way it’s delicious!
Mexican Shredded Beef {Instant Pot or Slow Cooker}
Prep Time 10 mins
Cook Time 35 mins
Total Time 45 mins
The beauty of this Mexican Shredded Beef is it can be done in the Instant Pot or the slow cooker and either way it's delicious!
Course: Main Dish
Cuisine: Mexican
Keyword: crock pot recipes, instant pot recipes, Mexican shredded beef, shredded beef
Servings: servings
Calories: 347 kcal
Author: Leigh Anne Wilkes

Ingredients
  1. 3-4 lb. chuck roast cut into 2 inch pieces
  2. 1 Tbsp chili powder
  3. 1 1/2 tsp sea salt
  4. 1 Tbsp olive oil
  5. 1 cup onion diced
  6. 2 Tbsp tomato paste
  7. 6 garlic cloves diced
  8. 1 tsp cumin
  9. 1 tsp Mexican oregano
  10. 1/2 cup picante sauce salsa
  11. 1 cup beef broth
  12. cilantro for garnish
  13. limes to squeeze over top
Instructions
  1. In a bowl, combine cubed meat with chili powder and salt. Toss to coat.
  2. Press the "Saute" button on the Instant Pot and add the olive oil.
  3. Add in onions and saute until softened.
  4. Add in tomato paste, garlic, cumin and Mexican oregano. Stir for about a minute.
  5. Add in seasoned meat.
  6. Pour in salsa and beef broth
  7. Cover and lock the lid.
  8. Press "Keep Warm/Cancel" on the Instant Pot and then press the "Meat/Stew" button to switch it to the pressure cooking mode. Set cook time to 35 minutes.
  9. Let the pressure release naturally.
  10. Unlock lid and remove meat. Shred with two forks. Use leftover liquid as a gravy if desired
  11. Add any additional salt and pepper if needed.
  12. Top with chopped cilantro and a squeeze of fresh lime juice.
  13. Slow Cooker Instructions
  14. Brown meat before placing in slow cooker
  15. Place meat and all ingredients except cilantro and limes into slow cooker.
  16. Cook 4-5 hours on high or 6-7 on low in slow cooker
Notes
Recipe adapted from NomNomPaleo

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