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!

Steak Bites and Potato Bites

Steak Bites and Potato Bites
A new twist on an old classic. Steak and potatoes gets made into bite sized appetizers for game day. Simple, and utterly delicious!
Steak Bites and Potato Bites
Course Appetizer
Cuisine American
Keyword grilled steak and potato bites
Prep Time 20 minutes
Cook Time 20 minutes
Total Time 40 minutes
Servings 4

Ingredients
For the Potato Bites:
  • 1 bag of baby potatoes
  • 1/2 cup butter divided
  • 1 cup mozzarella
  • 1 to 2 chipotle peppers in adobo diced super small
  • 1/2 teaspoon onion salt or powder more or less to taste
  • 1/2 teaspoon garlic salt or powder more or less to taste
  • 1/4 teaspoon smoked paprika more or less to taste
  • Salt and pepper to taste
  • 1/4 cup olive oil
For the Steak Bites:
  • 1 and 1/2 pounds of steak personally I like striploin (I'm not a sirloin fan)
  • 4 tablespoons butter more or less to taste
  • Salt and pepper to taste
  • 1 to 2 tablespoons roasted garlic and pepper rub marinade
Instructions
  1. Preheat the grill to a medium heat!
For the Potatoes:
  1. Boil your potatoes ahead of time for 8 to 12 minutes depending in their size. You want them fork tender but still firm enough that they won't fall apart when hollowing them out.
  2. Drain your potatoes and allow to cool slightly.
  3. Take a small measuring spoon or melon baller and scoop out as much of the inside of the potatoes without them falling apart. Transfer those scooped out bits to a food processor bowl that's been fitted with a steel blade for mixing. Set your hollowed out potatoes aside.
  4. Add the rest of your ingredients to the food processor bowl. Give it a whir. If it doesn't mix well add some olive oil. You want it thick but pliable, sort of the consistency of cookie dough.
  5. Turn the food processor off. Unplug and remove the bowl. Scoop out about 1 tablespoon for each potato and start stuffing them. I make mine so they are overflowing, and piled high. Just how we roll here. Place the finished potatoes in a grill pan.
  6. Add butter, don't fear the butter. It's game day, live a little.
  7. Pop the grill pan on a preheated medium heat outdoor grill and cook for about 10 minutes covered. Uncover and cook another 2 to 5 minutes depending the size of your taters and the heat of your grill. You want them browning on the bottom and the filling just starting to ooze and melt.
  8. Obviously this is not a dish you flip over, just putting that out there in case there's anyone out there who thought it was a good idea. Don't flip over stuffed potatoes, it's bad news folks.
  9. Make sure you keep an eye on them while cooking. And add more butter if they stick. Yes, I actually said more butter.
  10. Once they are ready carefully remove them from the grill and transfer them to a serving plate. Watch out, they're hot. You'll have a literal game of hot potato happening if you're not careful.
  11. Serve with a big old potato loving smile!
For the Steak Bites:
  1. Cut the beef into bite sized pieces, think tips when you go to a restaurant.
  2. Add half your butter a cast iron pan, pop that on the grill and allow it to sizzle a bit and start to turn to brown butter, then toss in your beef. Cook and stir as it cooks.
  3. Sprinkle with salt and pepper, then toss the rest of the butter and the rub marinade in the pan. You're not using it as a marinade, you're using it as a sauce for flavour. Continue to cook and allow the marinade to coat the meat. Total cooking time should only be about 6 or 8 minutes tops, depending on the size of your pieces.
  4. Remove from heat and transfer to a serving bowl or plate.
  5. Serve with a big old steak loving smile.

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