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!

BIG MAC PIZZA RECIPE

This Big Mac Pizza is an easy ground beef dinner recipe that will please both kids and adults. This delicious meal combines two classic comfort foods, pizza and cheeseburgers.


This simple pizza is made with Pillsbury crust and loaded with ground beef, onions, dill pickles, cheddar cheese, homemade Big Mac sauce and shredded lettuce.

Ingredients
  • 1 lb lean ground beef
  • 1/4 cup mayo
  • 3/4 cup Thousand Island dressing
  • 1/3 cup tangy dill pickles, diced
  • 1/2 cup yellow onion, diced
  • 1/2 tsp salt
  • 1/2 tsp pepper
  • 1 Pillsbury pizza crust
  • 2 cups shredded cheddar cheese blend
  • 1 cup iceberg lettuce, shredded
Instructions
  1. Preheat oven to 400F.
  2. Cook ground beef in a large frying pan over medium-high heat, with a dab of margarine or butter.
  3. Crumble ground beef well while it's cooking.
  4. When the ground beef is fully cooked, drain the grease from the pan.
  5. Add the mayo, Thousand Island dressing, diced pickles, diced onions, salt and pepper to the pan.
  6. Stir until all of the ground beef is coated in sauce and then remove the pan from the heat.
  7. Unroll the pizza crust and press it out onto a greased 10 x 15 inch baking sheet.
  8. Bake the pizza crust for 8 minutes and then remove it from the oven.
  9. Spoon the ground beef mixture onto the prebaked crust and spread it out evenly,
  10. Sprinkle the shredded cheese on top of the ground beef.
  11. Return the pizza to the oven and bake until cheese is completely melted and the crust is nicely browned. 6-8 minutes.
  12. Allow the pizza sit for a couple minutes after removing it from the oven.
  13. Sprinkle the shredded lettuce on top of the pizza.
  14. Slice, serve and enjoy!
Recipe Source : Big Mac pizza @ thisisnotdietfood

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