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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 GARLIC PASTA

CREAMY GARLIC PASTA RECIPE

I found this recipe over at my friend’s food blog Buns In The Oven – I highly suggest Karly’s blog – I changed up the recipe a little bit – I ended up using gluten free pasta so I could enjoy the dish for lunch today — I am currently on my second helping ( LOVE IT )

What I like about this dish is that it is full of flavor — it is very much like an Alfredo but lighter and it was very simple to make gluten free ( which I love)

You can use any type of pasta you would like ( except the filled pastas) next time I make this dish I am going to use penne ( I am a HUGE penne fan)

This is everything you will need I did not add a ton of garlic – just enough for a little taste — if you are a HUGE garlic fan feel free to add a ton more – if you follow my instructions it will just be a hint

This recipe makes enough for 6 for dinner

I suggest serving this meal with a nice salad When I make this dish again I will be adding a pint of cherry tomatoes – I really think the acid in the tomatoes will interact well with the creaminess from the heavy cream

What is your favorite type of pasta dish I really love a nice mac and cheese I would love suggestions on other pasta dishes I should make

One big change in this recipe is that I did not use chicken stock — feel free to change out the water for chicken stock

CREAMY GARLIC PASTA RECIPE

Love You Guys!

: Sara

INGREDIENTS

2 teaspoons olive oil
2 tablespoons butter
4 cloves garlic, minced
¼ teaspoon salt
8 ounces pasta ( your favorite)
1 Cup of Parmesan Cheese
1.2 Cup of Heavy Cream
Fresh Parsley - diced :

INSTRUCTIONS

Cook Pasta According to the instructions on the box - you can use water or chicken stock ( about 6 cups) - once cooked - drain
In a large skillet - add oil and butter ( melt) add garlic
Mix in pasta, Parmesan cheese, a little parsley, pepper ( pinch) , and salt
Add in cream slowly
Top with Parsley and enjoy!

Categorized:

Gluten Free - Kid Friendly - Main - Recipes

more recipes @ http://www.budgetsavvydiva.com

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