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!

BAKED COD IN CREAM SAUCE

This baked cod is hands-down my favorite fish dish. It turns out perfectly flaky every time. The flavorful, creamy sauce puts it over the top!


This baked cod is one of the easiest fish dishes you can make, and easily one of the most delicious! You get perfect, flaky cod every time and the cream sauce kicks it up to the next level. Even your pickiest eaters will love this dish! Cod is such a mild fish anyway but when it is baked in this cream sauce, any trace of fishiness disappears. You are going to love it!

BAKED COD IN CREAM SAUCE RECIPE
This baked cod is hands-down my favorite fish dish. It turns out perfectly flaky every time. The flavorful, creamy sauce puts it over the top!



INGREDIENTS 
  • 4-6 cod fillets
  • 1 tsp. kosher salt or to taste
  • 4 Tbsp. butter melted
  • 2 cloves garlic minced
  • 1/2 c. breadcrumbs seasoned
For the cream sauce:
  • 3 Tbsp. butter
  • 3 Tbsp. cornstarch
  • 2 c. whipping cream (or half and half)
  • 1 c. milk
  • 3 Tbsp Parmesan cheese grated
  • kosher salt to taste
  • black pepper to taste
INSTRUCTIONS
  1. Preheat oven to 400-degrees. 
  2. Prepare cream sauce (see instructions below) and set aside, keeping warm. 
  3. Spray a 9x13 baking dish with cooking spray and place cod fillets in the dish. Sprinkle with salt. 
  4. Combine melted butter and garlic and brush over fillets, reserving any leftover butter mixture. 
  5. Sprinkle seasoned breadcrumbs over fillets and pour remaining butter mixture over the top.
  6. Pour cream sauce in the spaces between the cod fillets so it fills up the baking dish and just the tops of the fillets are visible. 
  7. Place in the preheated oven and bake for 25-30 minutes or until the cream sauce starts bubbling. 
  8. When the sauce starts bubbling up, set oven to "broil" and broil for about 3-5 minutes or until the fillets start to turn golden brown. 
  9. Keep a CLOSE eye on it to make sure it doesn't start to burn. 
  10. Remove from oven and serve with potatoes, rice, or vegetables. 
For the cream sauce:
  1. Melt butter in a medium sized sauce pan over medium heat.
  2. Slowly add the cornstarch and stir for about 1 minute. 
  3. While whisking constantly, slowly add whipping cream and milk until well combined. Stir in Parmesan cheese. 
  4. Reduce heat to low and whisk occasionally for about 10 minutes until sauce becomes rich and creamy, adding more milk, if needed. You want it to be the consistency of a thin gravy. 
  5. Season with salt and pepper, to taste. 
Recipe Source : Baked Cod in Cream Sauce @ favfamilyrecipes

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