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!

The Best Broccoli Salad Around

I know using words like “best” or “incredible” should be used carefully, but I’m not joking around. This broccoli salad could be served to me for every meal for a year and I’d hardly get sick of it. Actually, I take that back. After eating the Italian dish Sunday night, I may have to have some of that added in there too. But anyways…It was incredible and one of the best broccoli salads I have eaten. I also don’t feel bad about talking up this salad because the recipe wasn’t mine. I posted a salad recipe on Friday that had broccoli salad on top. I promised to share the recipe with you guys after Emilee and I made it. Auston’s mom gave us the recipe.

Emilee and I went to the farmer’s market on Saturday after eating breakfast at Zada’s and picked up broccoli especially for this. We also picked up grapes, obviously because they’re delicious.

After cycling class this morning, we stopped at Whole foods, Harris Teeter, and of course, Starbucks for the rest of the ingredients. Starbucks had the most important ingredient next to the broccoli, energy. Without energy there would be no broccoli salad.

For this recipe, you will need…
-*1 large head of broccoli (we used about three small ones), -*1/2 cup of craisins, -*1 small onion, -*2 tablespoons apple cider vinegar, -*1/2 cup (or more) of light olive oil mayonnaise, -*1/2 cup sunflower seeds (we used unsalted roasted), -*5 pieces of crisp bacon (we used turkey bacon), -*3 packets stevia (or 1/3 cup sugar)

Turkey bacon will never be as tasty as full fat piggy bacon, but to make it healthy, we wanted to use it. It’s also hard to get turkey bacon as crisp as the real stuff.

-Preheat the oven to 425 degrees.
-Microwave the bacon for 2-3 minutes.
-Place the bacon on a baking sheet and bake for 10-12 minutes or until crisp.

While the BACON is BAKIN’ 😉 wash the broccoli, remove the stalk and break it into bite sized pieces.

-Remove the bacon from the pan and squeeze the grease out with a paper towel. Removing the grease helps it get crispier. I saved the rest for salads and sandwiches. You only need about five pieces. When the turkey bacon is crisp, cut it up into little bacon bits.

Dice up the onions and add it to the bowl with the broccoli.

In a separate bowl, prepare the dressing. We used a little over a 1/2 cup of mayonnaise. Add the mayonnaise to the mixing bowl.

Instead of sugar, we used stevia. It tastes just as good.

Mix the stevia, mayonnaise, and vinegar together.

Add the sunflower seeds and craisins to the bowl with the broccoli and onions.

Mix all the ingredients together and let the broccoli salad chill in the refrigerator for several hours.

If you have a party or dinner coming up, I highly recommend this recipe. It’s light and tasty! You can make all kinds of substitutions and add different ingredients. You can add cashews, sliced almonds, pumpkin seeds, raisins, etc…just be creative! Also, you could totally swap the broccoli for chicken or tuna and make an awesome chicken/tuna salad!


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