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 SHRIMP WITH GARLIC LEMON AND BUTTER SAUCE

Baked Shrimp with a simple Garlic Lemon Butter Sauce – this recipe couldn’t get any easier and you’ll be dreaming about this sauce! You get perfectly tender baked shrimp covered in a rich sauce that’s perfect for sopping up with fresh crusty bread. Plus you can’t beat the quick bake time here!


This shrimp is brimming with bright fresh flavor and with this oven baked method your shrimp will end with a perfect final texture. Nothing gummy or rubbery here just delicate, plump and juicy shrimp.

Baked Shrimp (with Garlic Lemon Butter Sauce)
This shrimp recipe couldn't get any easier and you'll be dreaming about this sauce! You get perfectly tender baked shrimp covered in a bright, rich sauce that's perfect for sopping up with fresh crusty bread. Plus you can't beat the quick bake time here.



Ingredients
  • 1 1/4 lbs extra large shrimp, peeled and deveined
  • 1/4 cup butter
  • 1 Tbsp minced garlic (3 cloves)
  • 2 Tbsp fresh lemon juice
  • Salt and pepper
  • 1/8 tsp Red pepper flakes, or to taste (optional)
  • 2 Tbsp minced fresh parsley
Instructions
  1. Preheat oven to 350 degrees. Place shrimp in baking dish.
  2. Melt butter in a small saucepan over low heat. Add garlic and saute 30 seconds. Alternately melt butter with garlic in a small microwave safe dish in microwave. Stir lemon into butter mixture.
  3. Pour butter mixture over shrimp in baking dish, season with salt and pepper and red pepper flakes, toss shrimp then spread into an even layer.
  4. Bake in preheated oven until shrimp are cooked through (pink and opaque) about 9 - 13 minutes. Sprinkle with parsley and serve warm, spooning sauce over shrimp.plump and juicy shrimp.

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