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!

Dorito Taco Salad Recipe

Dorito Taco Salad Recipe – chopped lettuce, tomatoes, seasoned meat, black beans, onions, zesty dressing and crunchy tortilla chips is everything you love about tacos in one tasty salad!

Taco Tuesday just got more fun! We are currently obsessed with this Dorito Taco Salad. It’s not only fun to make but so tasty too! You can make it ahead for a great lunch or simply enjoy as a meal. Round up all of your favorite taco toppings and toss together with cheese, seasoned meat and crunchy, irresistible Dorito tortilla chips.

This Dorito Taco Salad is a must try and bound to be a hit in your family! Each bite is a delicious combination of flavors and textures.

Taco salad is like a deconstructed tacos by tossing your favorite toppings, seasoned meat and broken up Dorito chips. I used Romaine lettuce, cherry tomatoes, shredded cheddar, chopped red onion and black beans.

Dorito Taco Salad Recipe 
Chopped lettuce, tomatoes, seasoned meat, black beans, onions, zesty dressing and crunchy tortilla chips is everything you love about tacos in one tasty salad!

For salad:
  • 1 lb ground beef
  • 1 packet taco seasoning
  • 1/3 cup water
  • 4 cups chopped Romaine lettuce
  • 1 15 oz. can black beans rinsed and drained
  • 1 cup chopped tomatoes
  • 1/4 cup chopped red onion
  • 1 cup shredded cheddar cheese
  • 2 cups broken up Dorito chips
For dressing:
  • 1/2 cup sour cream
  • 1/4 c favorite salsa
  • 1/4 teaspoon ground cumin
  1. In a large skillet, cook meat, breaking it up with a spatula. Cook until no longer pink. Add seasoning, stir and cook for 1 minute. Add water, stir and simmer for 2 minutes. Remove from heat and cool for 5 minutes.
  2. In a large salad bowl, combine chopped lettuce, tomatoes, onion, cheese, black beans and seasoned beef. Add Doritos.
  3. In a small mixing bowl, whisk together sour cream, salsa and cumin. Add to salad and toss gently.
  4. Serve immediately.


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