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!


Well I did it. I finally took advantage of those crazy Black Friday Deals at Amazon and bought myself an Instant Pot! And for my very first recipe? I took my most popular recipe this month and converted it! It was SO easy, and fast too. For those of you who have Instant Pots, here is my Instant Pot Veggie Stew. 
For those of you who don’t know – an “Instant Pot” is an electric pressure cooker that makes cooking many of our vegan recipes a cinch. One pot, set the program, and walk away. It will beep when it’s done!
You can seriously cook homemade beans, DRIED BEANS, in just 30 minutes from start to finish, and with NO SOAK time either. You can bake whole potatoes, make instant soups or stews, chili, rice – you name it.
The one I got is a 6-1 meaning it’s a slow cooker, pressure cooker, rice cooker, steamer, warmer, and it even sautés.
This recipe is a copy of my Hearty Vegetable Stew only modified for the Instant Pot. I did make a few changes to the original recipe but either version tastes great.
First press the SAUTE button on your IP and change the setting to LESS.
Mince ½ an onion, 1 carrot, and 1 celery stalk very fine and sauté in ¼ cup of low sodium veg broth. When the color turns translucent, add 2 cloves of minced garlic and stir well.
I took my most popular recipe this month and converted it for Instant Pots! Love a good rich, hearty stew? Try my Instant Pot Veggie Stew !

  • 1/2 med Onion (minced)
  • 1 stalk Celery (minced)
  • 1 med Carrot (minced)
  • 2 cloves Garlic (minced)
  • 1/4 cup Vegetable Broth (low sodium)
  • 8 oz White Button Mushrooms
  • 8 oz Portobello Mushrooms (chopped)
  • 1 tsp Italian Seasoning
  • 1 tsp Rosemary
  • 1/2 tsp Rubbed Sage
  • 1/2 cup Red Wine
  • 1 can Diced Tomatoes (15oz)
  • 1 can Tomato Sauce (8oz)
  • 3 cups Vegetable Broth (Low Sodium)
  • 2 med Carrots (diced)
  • 1 stalk Celery (diced)
  • 1 cup Green Beans (frozen or fresh) (diced)
  • 2 med Yukon Gold Potatoes (diced)
  • 1 Tbs Balsamic Vinegar
  • 1/2 tsp Salt
  • 1/2 tsp Kitchen Bouquet
  • 1/4 tsp Ground Pepper
  • 3/4 cup Pearl Onions
  • 4 oz Frozen Peas
  • 2 Tbs Corn Starc
  1. Set your IP to SAUTE mode and select LESS
  2. Saute first 4 ingredients (onion, celery, carrot, and garlic) until soft and translucent
  3. Add Italian Seasoning, Rosemary, and Sage
  4. Add mushrooms and saute until all liquid has evaporated 
  5. (It's ok if veggies slightly brown and stick a little)
  6. Deglaze pan with Red Wine, scraping up any bits on the bottom.
  7. Add Tomatoes, Tomato Sauce, and Vegetable Broth
  8. Add all remaining veggies except Pearl Onions and Peas
  9. Add seasonings
  10. Attach lid to Instant Pot, 
  11. Ensure Release Valve is set to SEALING, 
  12. Press MANUAL MODE and set timer to 15 minutes
  13. Once finished, cover steam release with towel and CAREFULLY release all pressure
  14. Remove lid and stir in pearl onions, peas, and corn starch slurry
  15. Stir and serve


Halaman Berikutnya

Subscribe to receive free email updates: