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 Ideas Using Hamburger

Crockpot Ideas Using Hamburger. Ready to check out all the recipes in this collection? Try some of these healthy but easy ground beef recipes.

20 Mouthwatering Beef Slow Cooker Recipes for Busy Weeknights
20 Mouthwatering Beef Slow Cooker Recipes for Busy Weeknights (Susie Barker)
Most meats can be added to the slow cooker without searing or browning, with the exception of ground meat. Prepare your egg noodles per the instructions on the package and drain. Top each bowl with some shredded sharp cheddar cheese and OH MY goodness is this a killer crockpot dinner idea.

This easy crockpot chili recipe is loaded with beans, ground beef, and seasonings.

Ground beef is a good choice for slow cooker casseroles, stews, chilis, meatloaf, and many other dishes.

Easy Old Fashioned Beef Stew Recipe Made in the Slow Cooker

Crock Pot Beef Stew Recipe | Savory Nothings

25 Frugal Ground Beef Crock Pot Recipes - Coupon Closet

Slow Cooker Beef Brisket & BEST EVER Homemade BBQ Sauce ...

Crock Pot Mississippi Beef Roast - Recipes That Crock!

Cozy Slow Cooker Beef Stew |

60+ Cheap & Easy Crockpot Recipes - Family Favorites + Kid ...

Crockpot hamburger helper recipe · The Typical Mom

Slow Cooker Beef Stew - Cooking Classy

It reminds me of my Tater Tot Casserole Recipe on the blog, but with fresh-cut potatoes instead of tots, and corn instead of green beans. It really is the best slow cooker chili recipe ever! The gravy sauce was so deelish too!


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