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!

HOW TO MAKE EASY MEDITERRANEAN TART

The surprising part is these Mediterranean tarts is all made from frozen ingredients (apart from the tomato puree), so it's an easy and convenient weekday meal.


I used the seasoned vegetables in this tart, but it would be so easy to throw this foil dish in the oven after work, then use it as a baked potato filling, on top of a pizza, in wraps with salad or in an easy homemade vegetarian lasagne.

Ingredients
  • 1 block frozen puff pastry
  • 2 tbsp tomato puree
  • 500g  Mediterranean Vegetables in a Basil Seasoning
  • 2 tbsp frozen sweetcorn
  • a good grinding black pepper
Instructions
  1. Take your puff pastry out of the freezer the night before and pop in the fridge. When you come in from work, take it out of the wrapper and sit on a plate for half an hour while you do other things. I haven't included this time in the cooking time.
  2. Preheat the oven to 220c/ 200c fan/425f/gas mark 7. Once heated pop the mediterranean veg into the oven for 10 minutes. Remove the lid but keep in the foil tray.
  3. While the veg is in the oven, roll out the pastry quite thinly and cut 4 rectangles. Pop onto a baking tray and score just inside the edges to make a border on each tart.
  4. Spread some tomato puree on each tart, top with vegetables, a sprinkling of sweetcorn, season with black pepper.
  5. Bake in the oven until the pastry until puffed up and golden. This will take about 20 minutes. Keep an eye on it, you don't want the pastry to burn.
  6. I served my tarts with spicy potato wedges and mini corn on the cob.
  7. Enjoy!
Recipe Adapted : EASY MEDITERRANEAN TART @ tinnedtomatoes

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