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 SWEET POTATO SAUSAGE AND KALE SOUP

Today was a recipe double-header featuring sweet potatoes and kale! This one is my Instant Pot Sweet Potato Sausage and Kale Soup. Oh boy, does this have some flavor! It is hearty, but not heavy. It’s pretty healthy, too!



I considered a pureed soup, but I wanted kale in it, and something with a more of a brothy consistency interested me more. Plus, you can add ingredients, like a can of white beans, and that makes it flexible.

So Instant Pot Sweet Potato Sausage and Kale Soup was the winner! But like I said, this was a sweet potato double header. I also made Instant Pot Sweet Potato Kale Soup, a vegetarian and vegan soup with just as much flavor as this soup, but a completely different flavor profile

Instant Pot Sweet Potato Sausage and Kale Soup Recipe
This one is my Instant Pot Sweet Potato Sausage and Kale Soup. Oh boy, does this have some flavor! It is hearty, but not heavy. It’s pretty healthy, too!


Ingredients
  • 1 Tbsp Olive Oil
  • 1 lb Ground Sausage (Sage, Hot, or Italian)
  • 1 small Onion, diced
  • 3 small Bay Leaves
  • 1/4 tsp Red Pepper Flakes
  • 3 Fresh Sage Leaves, chopped (or 1/2 tsp dried)
  • 3 sprigs Fresh Thyme (or 3/4 tsp dried)
  • 1 sprig Fresh Rosemary (don't use dried)
  • 1/2 tsp Coarse Salt (or 1/4 tsp table salt)
  • 1/2 tsp Black Pepper
  • 4 cloves Garlic, pressed or minced
  • 5 cups Chicken Broth, low sodium
  • 1 tsp Smoked Paprika
  • 2 medium Sweet Potatoes, (about 1 1/4 lbs) peeled and diced
  • 5 oz Kale, chopped
Instructions
  1. Turn on pressure cooker's sauté function. When display reads "Hot" add the oil. Then add the sausage and onion.
  2. Add the bay leaves, red pepper flakes, sage, thyme, rosemary, salt, and pepper. Cook, stirring occasionally, until sausage is just cooked.
  3. Add the garlic and cook for 1 minute or until it is fragrant.
  4. Add the broth and smoked paprika. Stir well. Put a glass lid on and let it come to a simmer.
  5. Add the sweet potatoes. Put the pressure cooker lid on and lock in place. Set the steam release knob to the Sealing position.
  6. Cancel the sauté function and set the pot to Pressure Cook (Manual) and use the + or - button (or dial) to choose 5 minutes.
  7. When cook time has finished, let the pot sit undisturbed for 5 minutes (5 minute Natural Release). Then turn the steam release knob to the Venting position and let the remaining steam out.
  8. When the pin in the lid drops down, you can open the lid. Stir in the kale and let it sit for a couple of minutes to wilt the kale.
  9. Stir, taste the soup, adjust salt if desired.
  10. Serve with some crusty bread.

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