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!


Sloppy Joes get a fun facelift with the addition of buffalo wing sauce and a delicious blue cheese ranch sauce! They’re perfect for an easy weeknight dinner or add them to your game day menu!


Buffalo Chicken Sloppy Joes:
1 pound lean ground chicken or turkey
½ of a yellow onion diced
2 carrots diced
2 stalk of celery diced
2 cloves of garlic minced
1 teaspoon kosher salt
¼ teaspoon black pepper
¼ cup low sodium chicken broth or water
8 ounce can tomato sauce
¼ cup buffalo wing sauce I use Frank’s Buffalo Wing Sauce
1 tablespoon Worcestershire
1 tablespoon apple cider vinegar
Hamburger buns for serving

Blue Cheese Ranch Sauce:
1 cup plain non-fat Greek yogurt
1/3 cup crumbled blue cheese
3 tablespoons low-fat buttermilk
1 tablespoon fresh lemon juice
½ teaspoon dried parsley crushed between the palms of your hands
¼ teaspoon dried dill
1/8 teaspoon garlic powder
1/8 teaspoon onion powder
Salt and pepper to taste


Buffalo Chicken Sloppy Joes
Over medium high heat, spray a large skillet generously with cooking spray or add a tablespoon of oil.
When the skillet is hot, sauté the onion, carrots and celery until they start to soften, about 3 minutes.
Add in the minced garlic and sauté another minute.
Add in the ground chicken and break it up into crumbles with a wooden spoon.
Season with a teaspoon of kosher salt and black pepper to taste.
Cook the chicken and vegetables until the meat is cooked through and no longer pink.
Add in the chicken broth or water and scrape up any bits from the bottom of the skillet.
In a small bowl or measuring glass whisk together the tomato sauce, wing sauce, Worcestershire and apple cider vinegar.
Pour the sauce over the chicken and vegetables and stir together until everything is coated.
Turn the heat down to low and simmer for about 5 minutes until the sauce has thickened slightly.
Serve on hamburger buns topped with the blue cheese ranch sauce.

Blue Cheese Ranch Sauce
In a small bowl add in the Greek yogurt and crumbled blue cheese.
Use the back of a fork to mash the blue cheese into the yogurt.
Whisk in the buttermilk and remaining ingredients.
Serve immediately on top of the sloppy Joes or cover and refrigerate until ready to use.


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