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!

Bacon, Pepper Jack, and Jalapeno Scones

Crispy bacon, lively pepper jack cheese, and fresh jalapeno peppers all combined in one thick, tender, ultra-flavorful scone! Simply put – these are incredible.


If you’ve never made scones before, a quick note on what to expect when you’re dealing with the dough. Scone dough reminds me of making pie crust. It’s always a little messy, confusing, and there is no doubt going to be a moment where you look down at the shaggy flour and butter mess on your table and think “there is just… no way this is going to work out”. But it will. I promise.!!


Keep a little bowl of flour nearby. Make sure your board is well floured before dumping the scone mixture out onto it. Be sure your delicate hands are coated with a little flour before you begin bringing the dough together.

Bacon, Pepper Jack, and Jalapeno Scones Recipe
Incredibly thick and flavorful scones are loaded with bacon, pepper jack cheese, and diced jalapeno peppers! Moist and crumbly all at once, we love these with eggs, butter, and extra bacon slices. They're also delicious with nothing at all - straight from the pan.



Ingredients

  • 4 slices of bacon, cooked crispy, cooled, and chopped
  • 1-2 small jalapeno peppers, seeds removed, finely chopped (use 1 for a mild flavor)
  • 3 cups all-purpose flour (be sure not to pack your flour when measuring)
  • 2 tablespoons baking powder
  • 2 tablespoon packed dark brown sugar
  • 1 teaspoon salt
  • 8 tablespoons (1 stick) unsalted butter, very cold, cut into cubes
  • 1 cup (4 ounces) grated pepper jack cheese
  • 1/4 teaspoon smoked paprika (regular paprika will work, too)
  • 1/4 teaspoon black pepper
  • 1 cup full-fat plain Greek style yogurt
  • 1 large egg, beaten

Instructions

  1. In a large frying pan over medium-heat cook the bacon until brown and crispy; about 7 minutes. Transfer bacon to a paper towel lined plate and allow it to cool for a few minutes. Once it's cool enough to handle, transfer it to a small cutting board and using a sharp knife chop the bacon into bits; set aside. Carefully slice the jalapeno peppers in half vertically and use a small spoon to scrape out the seeds (don't use your bare fingers here). Chop the peppers into small bits; set aside.
  2. In a large bowl combine the flour, baking powder, brown sugar and salt; whisk well to combine. Quickly cut in the butter and cheese; stir in the paprika and pepper. Cover and place bowl in the freezer for 15 minutes.
  3. While the dough is chilling...
  4. Preheat the oven to 400 degrees (F) and set a rack on the upper-middle level. Line a large baking sheet with parchment paper; set aside.
  5. Once the 15 minutes are up...
  6. Gently stir the Greek yogurt, chopped bacon, and jalapeno peppers into the flour mixture; the dough will be soft, sticky, and shaggy.
  7. Lightly flour your hands, then gather the dough into a ball. Transfer the dough to a well-floured surface and pat the dough out into a large rectangle approximately 1" inch thick. The dough will look very shaggy - not to worry!
  8. Use a small round biscuit cutter to cut out about 12 scones, reshaping the dough as needed and using scraps to form new rounds of dough. Place the scone cut-outs on the prepared baking sheet, leaving a little space in between each one for spreading. Brush each scone with a little beaten egg.
  9. Bake the scones for 18- 20 minutes, or until they are lightly golden brown on top. Serve at once!
  10. Or just eat them straight off the pan like we do... with runny eggs and extra bacon on the side.


Recipe Adapted : Bacon, Pepper Jack, and Jalapeno Scones @ bakerbynature

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