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!


Easy, hearty, Middle Eastern-inspired lentil pumpkin soup. The flavors in this humble bowl will surprise you!

This lentil pumpkin soup almost defies expectations. For starters, this pumpkin soup isn’t an all-day affair, nor does it require a ton of work to prepare. With a major shortcut–namely canned pumpkin puree–the cooking is almost painless.

But this satisfying pumpkin soup, augmented with hearty red lentils, also features great Middle Eastern flavors.

The final touches here as just as important. Fresh lemon juice adds zest, and a handful of gold raisins adds very subtle sweetness. The highlight for me though, and I highly recommend you don’t skip this, is homemade zhoug (a popular spicy cilantro pesto). A spoonful of zhoug stirred in simply wakes everything up!

This lentil pumpkin soup almost defies expectations. For starters, this pumpkin soup isn’t an all-day affair, nor does it require a ton of work to prepare. With a major shortcut–namely canned pumpkin puree–the cooking is almost painless.

  • 1 Zhoug pesto recipe 
  • Private Reserve extra virgin olive oil
  • 2 medium yellow onions, chopped
  • 2 garlic cloves, minced
  • 1 tbsp tomato paste
  • 3/4 tsp organic ground coriander
  • 1/2 tsp organic ground cumin
  • 1/2 tsp organic ground turmeric
  • 1 cup red lentils
  • 15 oz can pumpkin puree
  • 3 1/2 cups quality vegetable broth, low-sodium preferred
  • Salt
  • 2-3 tbsp gold raisins
  • 1/2 fresh lemon, juice of
  • 1/4 cup pine nuts, toasted in olive oil
  • Jalapeno slices for garnish (optional)
  1. Make the zhoug spicy cilantro pesto according to this recipe. Set aside for now.
  2. In a 5-quart heavy pot or Dutch oven like this one, heat 2 tbsp Private Reserve extra virgin olive oil over medium-high heat. Add the onions and cook until golden and translucent, tossing regularly. Stir in garlic, tomato paste, coriander, cumin, turmeric. Lower heat to medium and cook, stirring regularly, until fragrant (4 minutes or so).
  3. Add the lentils, pumpkin puree, broth and a little salt. Stir to combine.
  4. Turn heat to high and bring to a boil for 5 minutes.
  5. Now reduce heat to medium-low, cover only part-way and cook another 15-20 minutes or until lentils are fully cooked. Occasionally stir.
  6. Now, carefully transfer the lentil pumpkin soup to the bowl of a large food processor fitted with a blade. Puree, then return to pot over medium heat.
  7. Stir in raisins and fresh lemon juice. Cook another 4 minutes or so, stirring regularly. Taste and adjust salt…add a pinch more if needed. You can also adjust other spices, if you like, carefully add a little more turmeric or coriander (But remember, you’ve made zhoug pesto to add on top, so don’t overdo it)
  8. Divide the lentil pumkin soup into serving bowls. Top each with a teaspoon or so of zhoug spicy cilantro pesto, more raisins, and toasted pine nuts. Garnish with jalapeno slices if you like more heat. Serve hot with a side of warm pita or your favorite crusty bread.

Recipe Adapted : EASY LENTIL PUMPKIN SOUP RECIPE @ themediterraneandish


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