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!

Creamy Chicken, Spinach and Mushroom Tortellini Soup

Creamy Chicken, Spinach and Mushroom Tortellini Soup
Now is the time you definitely can’t have too many soup recipes! It’s been soup half the time around here for the last few weeks and I’m sure that’s not about to change, I’ll probably only start making it more often to get through this bitter cold season. Ahhhh to sink my toes into the warm sand on a tropical island somewhere is sounding really nice just about now! But until then I’ll sit back and dream and sip on a warm bowl of this delicious Creamy Chicken, Spinach and Mushroom Tortellini Soup (and I know isn’t that a ridiculously long name that seems so unnecessary? Well each word is must because you need to know how much goodness is packed into this soup).
This is a deliciously creamy and hearty soup and it’s total comfort food for this season! The chicken, spinach, mushrooms and tortellini all just go so well together and they are perfectly complimented by the creamy broth. Try it, you’ll love everything about this soup…unless you are like my husband and hate mushrooms then you just may find yourself picking them out. I don’t get the mushroom hate – they’re just so good! But if you hate them you can definitely omit them. Tortellini soups are some of my favorite kinds of soup, tortellini has got to be the best kind of pasta, right? I’m mean anything with a hidden pocket of cheese inside has got to be good! Enjoy and stay warm!
Creamy Chicken, Spinach and Mushroom Tortellini Soup
Yield: About 5 servings

Ingredients
  • 1 1/2 Tbsp olive oil
  • 1 1/3 cups chopped yellow onion (1 medium)
  • 1 1/3 cups diced carrots (about 3 medium)
  • 6 - 8 oz cremini mushrooms , sliced
  • 3 cloves garlic , minced
  • 4 1/2 cups low-sodium chicken broth
  • 1 lb bonless skinless chicken breasts , pounded evenly to about 1/2-inch thickness
  • 1 tsp dried oregano
  • 1/2 tsp dried thyme
  • Salt and freshly ground black pepper
  • 1/4 cup unsalted butter , sliced into 1 Tbsp pieces
  • 1/3 cup flour
  • 2 1/2 cups milk
  • 9 oz refrigerated three cheese tortellini
  • 4 oz fresh spinach (4 cups)
  • 1/3 cup heavy cream
  • Finely shredded parmesan cheese , for serving
Instructions
  1. Heat olive oil in a large pot over medium-high heat. Add onion, carrots and mushrooms and saute 3 minutes then add garlic and saute 1 minute longer. Add in chicken broth, chicken, oregano and thyme and season with salt and pepper. Bring to a boil, then reduce heat to medium-low, cover pot with lid and allow to simmer 10 - 15 minutes until chicken is cooked through (it should register 165 degrees in center on an instant read thermometor).
  2. While chicken is cooking, melt butter in a medium saucepan over medium heat. Add flour and cook, whisking constantly 1 minute. While whisking vigorously slowly pour in milk. Season with salt and pepper and bring mixture just to a light boil, stirring constantly. Remove from heat and set aside.
  3. Remove cooked chicken from soup and transfer to a cutting board, let rest 5 minutes then cut into pieces. Meanwhile, add tortellini to soup in pot, cover pot with lid and allow to boil over medium heat about 7 minutes (or time directed on package) adding in spinach during last 1 minute. Stir in chicken, white sauce and cream. Serve warm with parmesan cheese.
Recipe source: Cooking Classy
Nutrition Disclaimer
Categorized: Main Dish, Pasta & Italian, Poultry, Soups



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