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 Olivye Salad recipe (салат Оливье) or Olivier Salad, is a Russian potato salad that was created by Lucien Olivier in the 1860’s in Moscow. Although the original Olivye Salad recipe was made with crayfish, duck, grouse and other ingredients that aren’t found in our modern version of Olivye. In post revolutionary Russia, the gourmet ingredients were replaced by cheaper, readily available ingredients.
This salad is synonymous with any Russian celebration dinner, especially the New Year holiday celebration. Just like the other famous Russian New Years salad Herring Under a Fur Coat or Shuba Salad, maybe it’s done on special events because it takes some time to make. Versions of this Russian salad are found all over the world, in Eastern European countries, Poland, Spain, Greece, Turkey, Pakistan, Israel, Iran and even in Latin America!
Olivye Salad is a delicious Russian Potato Salad that's popular especially during the holidays. Around the world it's known as Olivier, Ensaladilla rusa, Rus salatası, ρώσικη σαλάτα, bramborový salát and more. Olivier Salad Recipe.

  • 1/2 kg Ham - use Ham Steaks or leftover ham
  • 4 medium potatoes unpeeled
  • 4 carrots unpeeled
  • 1 drained can of peas
  • 6 hard-boiled eggs diced
  • 5 medium-sized dill pickles
  • 1 cucumber deseeded (optional)
  • 1/3 cup green onion
  • 1 small onion finely diced
  • 1 bunch fresh dill chopped
  • 1 - 1 1/2 cup mayo
  • salt and pepper to taste
  1. Boil potatoes and carrots with skin on in a pot for about 30 minutes (depending on the thickness of the vegetables). Cook until soft, but be careful not to overcook them so they don't turn to mush. Cool the vegetables and carefully peel.
  2. Hard boil the eggs. I add them into the pot of boiling vegetables in the last 8 minutes. Cool them down with cold water and peel.
  3. Dice the potatoes, carrots, eggs, pickles, cucumbers and ham into small 1/4 inch pieces. (keep everything the same size)
  4. Put all the eggs, ham and vegetables (except peas) into a large bowl. Add the dill and 1 cup of mayo, carefully mixing throughout. Taste. Add more mayo if needed. Salt and pepper to taste.
  5. Carefully add the peas and gently mix without crushing them. Refrigerate and enjoy


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