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!

INSTANT POT GREEN BEANS AND HAM

A delicious low carb side dish that’s ready in minutes, these Instant Pot Green Beans and Ham are quick to make and super tender like Southern style green beans.


The Instant Pot or any pressure cooker excels at making dishes that should be soft and tender — think soups and stews — but nothing crispy. That’s why it’s ideal for making tender Southern style green beans that would otherwise take much longer using traditional methods.

It only takes 4 minutes to cook fresh green beans in a pressure cooker. For frozen green beans, it’ll take about 5 minutes.



These green beans are cooked with ham, but you can substitute with diced bacon. I prefer bacon to be crispy so I consider it a shame to pressure cook bacon, but you can use it if you don’t like ham.

Instant Pot Green Beans And Ham Recipe
A delicious low carb side dish that's ready in minutes, these Instant Pot Green Beans and Ham are quick to make and super tender like Southern style green beans.



Ingredients

  • 1 pound fresh green beans trimmed and cut in half
  • 8 ounces sliced ham diced
  • 1 cup diced red onions (about half an onion)
  • 5 cloves garlic minced
  • 1/2 teaspoon salt
  • 1/2 teaspoon coarsely ground black pepper

Instructions

Recommended Method Using Steamer Basket:

  1. Pour about 1/4 cup water into the pressure cooker pot. Fit a steamer basket inside.
  2. Add all ingredients to the steamer basket. Stir to mix them.
  3. Secure and seal the lid. Cook at high pressure for 4 minutes. As soon as it’s done, manually release pressure by carefully turning the release knob to its venting position.
  4. Uncover and stir. Add additional salt and pepper to taste. Serve while hot.

Alternate Method Without Steamer Basket:

  1. Select the sauté mode on the pressure cooker for medium heat. When it has reached temperature, add garlic, onions, and 2 tablespoons butter. Cook for a few minutes, stirring frequently.
  2. Add ham and cook for a few minutes, stirring frequently. Turn off the sauté mode. Scrape up any brown bits stuck to the bottom of the pot.
  3. Add green beans, 1/4 cup water, salt, and pepper. Stir together.
  4. Cook at high pressure for 4 minutes. As soon as it’s done, manually release pressure by carefully turning the release knob to its venting position.
  5. Uncover and stir. Thoroughly strain to remove the liquid. Add additional salt and pepper to taste. Serve while hot.

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