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!


This Keto Jalapeno Popper Soup will soon become your family’s favorite low carb comfort food. It’s packed with savory flavor and just the right amount of kick. Make it on the stove-top, in the slow cooker or in your pressure cooker for an easy dinner for the cold Winter months. Be sure to make at least a double batch for leftovers!
  • 4 slices bacon
  • 2 tablespoons butter
  • 1/2 medium onion, diced
  • 1/4 cup pickled jalapenos, chopped
  • 2 cups chicken broth
  • 2 cups cooked shredded chicken
  • 4 ounces cream cheese
  • 1/3 cup heavy cream
  • 1 cup shredded sharp cheddar
  • 1/4 teaspoon garlic powder
  • Salt and Pepper, to taste
  • 1/2 teaspoon xanthan gum for thicker soup, if desired [Optional]
  1. In skillet, fry bacon. When cooked, crumble and set aside. While bacon is cooking, place large pot over medium heat. Add butter and onion and saute until onion is translucent.
  2. Add jalapenos and half bacon crumbles to pot.
  3. Pour in chicken broth and shredded chicken. Bring to boil then reduce to simmer for 20 minutes.
  4. In small bowl, place cream cheese and put in microwave for about 20 seconds until warm. Stir until soft. Whisk cream cheese into soup and add heavy cream. It may take a couple minutes to fully integrate cream cheese. Turn off heat.
  5. Add shredded cheese and stir until fully melted. If thicker soup is desired, add xanthan gum at this point.
  6. Serve topped with remaining bacon.
  7. Instant Pot: Fry bacon in skillet on stove top or press “Saute” and then adjust heat to “less” Cook bacon until fat begins to render then press cancel. Press “saute” button and press adjust button to change heat level to normal and finish crisping bacon. Crumble and set aside.
  8. While still on saute mode, add butter, onion and sliced jalapeno to Instant Pot. Saute for 2-3 minutes then press cancel button.
  9. Add half crumbled bacon, broth, cooked shredded chicken, cream cheese broken in pieces, and seasoning. Click lid closed and set vent to sealing. Press soup button and adjust time for 10 minutes.
  10. When timer beeps, quick release pressure and stir in heavy cream and cheddar. Continue stirring until cheese is fully melted.
  11. For Slow Cooker: Place cooked bacon, along with all remaining ingredients except heavy cream and cheddar into crock pot. Cook on low for 4 hours. When ready to serve, add cream, cheddar and xanthan gum if desired.
Please note that nutrition information will change based on your particular brands. Store brands vs. name brands are often different especially on heavy whipping cream and cheese so please be aware of this.
I measured out slightly less than 4 cups yield. It could be slightly less or more depending how you measure the chicken, how much the soup reduces and your cooking method
You can use fresh jalapenos if you’d like. If you like extra spice, feel free to add more
I used rotisserie chicken but any pre-cooked chicken will work.
Please note that I am not a certified nutritionist. Any nutritional information that is discussed or disclosed in this post should only be seen as my best amateur estimates based on NET carbs. If nutrition is important to you, I highly encourage you to verify any data you see here with your favorite nutrition calculator.


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