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!

Juicy Oven Baked Chicken Breast Recipe

This Juicy Oven Baked Chicken Breast Recipe is ultra tender every time thanks to these tips and tricks I’m sharing with you!

Say goodbye to boring, bland and dried out baked chicken breasts.

Yes, it’s true, you CAN have tender and juicy white meat chicken that’s BAKED in the oven!

Oven Baked Chicken Breast Recipe
Start by using a heavy rolling pin or meat mallet to pound your chicken breast to an even thickness.
Season liberally with my special seasoning blend (in the recipe card below).
Bake for just 20 minutes, then let rest for 5 minutes under foil before slicing.



How To Get Juicy Baked Chicken

Is it really necessary to pound the chicken breasts to an even thickness before baking? Yes, it is absolutely necessary if you want juicy chicken. Here’s why…

The natural shape of a chicken breast is teardrop, with a thicker, meatier portion at the bottom of the teardrop. Chicken must be cooked to 165 degrees F before safely consuming. If you do not pound the chicken down, the thicker portion will take longer to cook to the safe temperature, while the thinner section of chicken breast will get overcooked and result in a dried out, choke-it-down chicken breast.

Do yourself a favor and pound the chicken.



The Perfect Chicken Seasoning Blend

I’m sure you could season your chicken breasts with just salt and pepper and they would still come out fine, but this blend of spices will take your baked chicken to the next level.
Brown Sugar – the sugar helps to tenderize the chicken, trust me, it’s a good idea.
Chili Powder – adds a delicious smoky flavor, plus gives great coloring to chicken
Parsley – great for adding a balanced herb flavor
Salt – the seasoning of life
Pepper – because it goes with salt
Garlic Powder – adds delicious flavor
Onion Powder – compliments the garlic powder
Cumin – this really gives the chicken something special

Combine the spices together and rub generously into the chicken breast before baking.


How Long To Bake Chicken Breast?

Since we’re not going to sear chicken in a skillet before finishing of in the oven, you’ll want to start your chicken at a high temperature in the oven.

Make sure your oven is preheated to 425 degrees F before baking. Cooking at a high temperature will help to lock in those juices, resulting in tender, juicy chicken every time.
4 to 6 ounce chicken breasts – 18 minutes
7 to 8 ounce chicken breasts – 20 minutes
9 ounce and above – 22 minutes

Remember to use a meat thermometer to check for an internal temperature of 165 degrees F. Let chicken breasts rest for 5 minutes under a loose sheet of foil before slicing.


More Baked Chicken Breast Recipes
Broccoli Cheese Stuffed Chicken Breasts
Salsa Chicken and Rice
Chicken Caprese Skillet

I’m confident that you’ll get fantastic results with this recipe as long as you follow the tips and method I’ve shared here.

Author: Shawn
Prep Time: 5
Cook Time: 20
Total Time: 25 minutes
Yield: 4 to 6 1x
Category: Dinner
Method: Baked
Cuisine: American

INGREDIENTS
4 (7 to 8 oz) boneless, skinless chicken breasts
2 tsp olive oil
3 tbsp brown sugar
1 tbsp chili powder
1 tsp parsley flakes
1/2 tsp salt
1/2 tsp black pepper
1/2 tsp garlic powder
1/2 tsp onion powder
1/2 tsp cumin

INSTRUCTIONS


Pre heat oven to 425 degrees F. Line a baking sheet with foil and spray with non stick spray.

Place the chicken breasts between two sheets of parchment paper and pound to an even thickness. Drizzle both sides of chicken with olive oil.

Combine seasonings and sprinkle generously over both sides of the chicken breasts. Bake for 20 minutes. Remove from oven and cover loosely with foil for 5 minutes before slicing. Enjoy!

NOTES

If your chicken breasts are smaller in size, reduce the cook time to 18 minutes. If the chicken breasts are larger, increase cook time to 22 minutes. Check that internal temperature reaches 165 degrees.

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