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 BONELESS PORK CHOPS WITH BACON & GRAVY KETO

Boneless pork chops cooked in the Instant Pot, smothered with a creamy gravy and topped with crispy bacon. Keto, low carb, and gluten free.


Pork chops are a lean cut of meat, available as both boneless and bone-in. This recipe uses a boneless center cut, about six to eight ounces per individual chop. Bacon plays multiple roles in this dish, providing grease for frying the pork chops as well as forming the base for a flavorful creamy sauce. The crispy bacon bits add extra richness and crunch that well complements the creaminess of the dish.

Ingredients

  • 3 boneless pork chops (<1 inch thick, 1 - 1 1/2 pounds total)
  • 3 slices bacon diced
  • 1 small onion or 1/2 large onion thinly sliced
  • 1/2 cup water
  • salt and pepper

Sauce:

  • 1/2 cup heavy cream
  • 1/4 cup finely grated parmesan cheese (sandy consistency)
  • 1 tablespoon dijon mustard

Instructions

  1. Pat the pork chops dry with paper towels. Trim off any excess fat. Generously season all sides with salt and pepper.
  2. Select the sauté mode on the pressure cooker for medium heat. Add diced bacon, spreading them out in the pot. Stir frequently as it cooks. As they turn crispy, use a slotted spoon to transfer them to a paper towel lined plate to drain, leaving the bacon grease in the pot.
  3. Add pork chops to the pot in a single layer and fry in bacon grease, a few minutes per side. Transfer them to a plate.
  4. Add onions and cook for a few minutes, stirring frequently. Turn off the saute mode.
  5. Add water, stirring and briefly scraping up flavorful brown bits stuck to the bottom of the pot. Return the pork to the pot, arranging them side-by-side on top of the onions.
  6. Secure and seal the lid. Cook at high pressure for 30 minutes, followed by a full natural pressure release (about 15-20 minutes). Uncover and transfer only the pork chops onto serving plates.
  7. Turn on the saute mode. Add heavy cream and dijon mustard to the pot, stirring together. Bring to a boil. Let the liquid boil for 5 to 10 minutes to thicken, stirring occasionally. Turn off the saute mode and stir for a minute to let the boiling subside. Stir in parmesan cheese until melted.
  8. Spoon the sauce on top of the pork chops. Top with crispy bacon and serve while hot.

Recipe Adapted : INSTANT POT BONELESS PORK CHOPS WITH BACON & GRAVY KETO @ savorytooth

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