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!

Fall Off The Bone Ribs



These Fall Off The Bone Ribs are a simple recipe that is baked low and slow in the oven creating a tender, juicy and flavorful bbq dinner.

So I’ve kinda been a little famous among our friends for my ribs. They always get super excited when we have game night or bonfires and they know that we are making these, they pretty much line right now and rush to my house because they literally are irresistible.

These ribs are baby back ribs that are coated in a dry rub then baked creating a juicy and tender meat. They are then lathered in a honey bbq sauce and broiled for about 5 minutes making sure that sauce is coated right to the meat. Now tell me that these Fall Off The Bone Ribs don’t sound amazing.

HOW LONG TO YOU BAKE RIBS IN THE OVEN?

For these particular ribs we used baby back and we cooked them at 300 degrees for 3 hours. If you’re looking at spare ribs you are looking at a little longer time.

These Fall Off The Bone Ribs go amazing with all sorts of side dishes. Potato salad, corn on the cob, salad, fresh fruit, macaroni and cheese. You really can’t go wrong when it comes to making something that pairs really well with these.



Course: Main Course
Cuisine: American
Prep Time: 10 minutes
Cook Time: 3 hours
Total Time: 3 hours 10 minutes
Servings: 4 people
Calories: 309kcal


Ingredients

1 rack baby back ribs membrane removed

Dry Rub:
2 Tbs paprika
1 Tbs black pepper
3 Tbs brown sugar
2 tsp coarse salt
1 tsp garlic powder
1 tsp onion powder
1 tsp cumin
1 tsp chili powder
1/2 tsp dry mustard

BBQ Sauce:
1/2 cup brown sugar bbq sauce
2-3 Tbs honey
Parsley

Instructions

Preheat oven to 300.
Lay your ribs on a large sheet of heavy duty aluminum foil.
Mix together your dry rub ingredients and rub onto both sides of your ribs and wrap up tightly and place on large baking sheet.
Bake in oven for 3 hours.
Remove from oven and unwrap.
Mix together your bbq sauce and honey and brush on ribs.
Place back in oven on lowest rack and broil for about 3-5 minutes, remove from oven and brush with more bbq sauce.
Sprinkle with parsley if desired.

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