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!

Everything Bagel Chicken with Scallion Cream Cheese Sauce





An easy dinner inspired by New York City "Everything" bagels and classic scallion cream cheese spread. Chicken breasts coated in Everything But the Bagel seasoning and baked then topped with a quick and easy creamy, tangy scallion cream cheese sauce. Low carb, keto, paleo option.
Course Main Course

Ingredients

Everything Bagel Chicken
2 tablespoons butter melted, see Note
4 medium chicken breasts
salt
1/4 cup Everything But the Bagel seasoning

Scallion Cream Cheese Sauce
1 tablespoon butter
1 teaspoon Everything But the Bagel seasoning
4 oz. cream cheese softened, see Note
6 tablespoons chopped green onions 1/4 cup + 2 tablespoons
1/4 cup half-and-half or milk see Note

Garnishes
green onions thinly sliced
Everything But the Bagel seasoning

Instructions

Preheat oven to 400º F.
Place chicken breasts top-down in a baking dish. 9x9" or larger. Using a pastry brush, brush surface of chicken with butter then sprinkle with salt. Don't use as much salt as you normally would, since most Everything But the Bagel seasonings have salt in them.


Sprinkle surface of chicken with half the Everything But the Bagel seasoning. Use tongs and carefully flip chicken breasts. Brush tops with the remaining butter, sprinkle with the salt and coat with the remaining Everything but the Bagel seasoning.
Bake at 400º F for 25-35 minutes or until internal temperature reaches 160º F. See Note.
Meanwhile, melt 1 tablespoon butter in a medium bowl. Whisk in remaining sauce ingredients until very smooth. Taste and add salt to taste.
When chicken is baked, remove from oven and let stand 5 minutes. Serve with plenty of scallion cream cheese sauce.

Recipe Notes

If paleo, you can use * ghee or a neutral oil like avocado or refined coconut oil. If dairy-free, use vegan butter or neutral oil. * dairy free cream cheese like Kite Hill * unsweetened plain non-dairy milk of choice Cooking Times for Chicken Breasts by Size * Small chicken breasts: 25 minutes * Medium: 30 minutes * Large: 35 minutes

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