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!

7-Minute Sick Day Soup


Feeling under the weather? You can make this soup in ONE POT and in just 7 minutes! No chopping or peeling required. Vegan, oil-free, and gluten-free if you use gluten-free noodles!

This fall/winter season has not been good to me. Usually, I have an incredible immune system…but I’ve been sick 3 times in about 3 months. My immune system can barely come up to breathe!

During times when you’re sick, it can be a struggle to still eat healthily. And eating healthy food can be tough when you don’t want to be in the kitchen for more than 10 minutes. We often resort to store-bought soups – and the selection for soup is better than it used to be, but oh man, that sodium!

I love a good chickpea noodle soup and try to keep some prepped in the freezer, but I quickly went through it during my early sick days. Plus, it requires a good amount of chopping. The LAST thing I want to do when I have a fever is stand at the counter and chop carrots.

During my last round of sickness, I came up with a super quick, easy, but still nutritious solution – what I call my 7-Minute Sick Day Soup! It’s even made in one pot. You just need some veggie broth or bouillon, canned white beans, spinach, and noodles.

I like to use mini vermicelli noodles. They cook quickly and are easy to eat. I find them in the soup aisle at my grocery store, not in the pasta aisle. If you cannot find them, just grab a box of regular vermicelli noodles (or spaghetti) and break them up into 1-inch pieces. You can also use another noodle, like macaroni, but the cooking time will increase and you might also have to add more broth.

Hope you enjoy this easy soup recipe. Feel better!

Cook Time:7 mins

Ingredients

3 cups vegetable broth
1/2 cup mini vermicelli noodles*
1/2 cup canned white beans** drained and rinsed
1 cup fresh baby spinach packed
any seasoning to taste - garlic, pepper, etc.

Instructions

In a medium-sized pot, bring the broth to a boil on high heat.
Add in the noodles and cook for 5 minutes (or adjust the time to the noodle you are using - just take 2 minutes off the recommended cooking time.)
Add in the beans. Boil for another 2 minutes or until the noodles are tender.
Remove the pot from the heat, stir in the spinach, and cover the pot until the spinach is wilted. Add in any seasoning as you see fit.
Serve warm!

Notes
*If you can't find mini vermicelli noodles, break up regular vermicelli or spaghetti noodles into 1-inch pieces. Or, use your favorite noodle. The cooking time depends on the noodle though! Vermicelli cooks quickly so it is my favorite to use when I'm feeling under the weather.
**White bean options: navy, great northern, or cannellini. All are delicious. Take your pick!



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