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 Street Corn Salad with Avocado is always a crowd-pleaser! It’s fast and easy to prepare, and has a tasty balance of fresh flavors and textures!
As the weather heats up, we want to spend time outdoors – and that includes dinner time! If you’ve been thinking about leaving your stove off in favor of firing up the grill, you’ll enjoy making Mexican Street Corn Salad all summer long.
As a side or a light meal, this salad features fresh vegetables with a squeeze of citrus and kick of spice. It blends the flavors of smoky roasted corn, creamy avocado, fresh cilantro, zesty red onion, crumbly Cotija cheese, and jalapeño for a fiery kick. The veggies are dressed with a simple combination of cayenne pepper, mayonnaise, and lime juice, bringing out the boldness of the dish.
The recipe can be altered to fit the preferences of you and your guests. For instance, if you can’t find Cotija, then feta, queso fresco, or parmesan are all suitable alternatives. (Cotija has a crumbly texture and a salty taste.) Also, you can adjust the level of spice to your liking – I like a moderate amount, so I used one jalapeño. You can add more or omit the pepper altogether. And for the mayonnaise in the dressing, you can use a light version, or opt for plain Greek yogurt.

This Mexican Street Corn Salad with Avocado is ideal for casual entertaining and outdoor get-togethers. Serve it cold, warm, or at room temperature.

  • 4 ears fresh corn (about 3 cups) husked and kernels cut from cob
  • 2 tablespoons olive oil
  • 1 jalapeno stemmed, seeded and finely chopped
  • 1/2 cup (25 grams) cilantro leaves chopped
  • 1/3 cup diced red onion (1 small onion)
  • 2.5 ounces (70 grams) Cotija cheese finely crumbled plus extra for sprinkling
  • 1 avocado peeled, cored and diced
  • 1/2 tablespoon fresh lime juice
  • 2 1/2 tablespoons mayonnaise (I used light)
  • 1 1/2 tablespoons fresh lime juice
  • 1 clove garlic minced
  • 1/2 teaspoon cayenne pepper
  • salt and pepper to taste
  1. Heat the oil in a large skillet over medium-high heat.
  2. Add the corn and let it cook, stirring occasionally until charred (about 8/10 minutes). Remove from heat and allow to cool slightly.
  1. While the corn is cooking, in a small bowl whisk together the mayonnaise, garlic, lime juice, cayenne pepper, salt, and pepper. 
  1. Pour half tablespoon of lime juice over the diced avocado, then add it to a large bowl with the charred corn, and the remaining salad ingredients.
  2. Pour the dressing and gently toss to combine. 
  3. Top with extra Cotija and serve either warm or cold.NOTES
  4. You may use frozen (thawed) or canned corn


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