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!

Crockpot Cooking Ideas

Crockpot Cooking Ideas. If your slow-cooker isn't already your favorite thing ever, something's about to get booted. Heat your Crock-Pot ® slow cooker to sauté*.

25+ of the Best Slow Cooker Recipes for Fall - Cupcakes ...
25+ of the Best Slow Cooker Recipes for Fall - Cupcakes ... (Jorge Potter)
The sauce is a guaranteed kid-pleaser: Rich, sweet and low on spice and tang. From easy family-favorite dinners to healthy meals for busy weeknights, you'll find so much inspiration with this HUGE list of the Best Fall Crockpot Recipes! I have also been known to freeze ingredients in advance, then dump and turn on the slow cooker before running out the door.

Slow-Cooker Meatball Stew This recipe was a lifesaver when I worked full time and needed a dinner the kids would enjoy when we got home.

This slow-cooked bone broth uses roasted bones and unpeeled veggies, which produces a much deeper flavor and darker color.

12 Easy Recipes You Can Make in a Slow Cooker | Pinch of ...

Slow Cooker Chili (BEST Chili Ever!) - Cooking Classy

Slow Cooker Healthy Taco Casserole - Slow Cooker Gourmet

60+ Easy Slow-Cooker Recipes and Ideas -

25+ Slow Cooker Recipes for Groups of People {Side Dish ...

21 Delicious Gluten Free Slow Cooker Dinner Recipes For Fall

Ultimate Slow Cooker Lemon Chicken Thighs

10 Incredibly Simple & Delicious Slow-Cooker Recipes For ...

21 Savory Slow Cooker Recipes to Fill You Up

There's nothing like the slow cooker to make dinner easy, but during the week it can still be rough to get a home-cooked meal on the table. Dump in your ingredients and a few hours later you'll be dining in style. The slow cooker is our favorite way to get an easy but flavorful dinner on the table.


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