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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!

Low Carb Enchilada Chicken Bake

Low Carb Enchilada Chicken Bake
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Enjoy the flavor of enchiladas the easy and low carb way with this simple Enchilada Chicken Bake recipe!
Hey there, Weary Chef readers! It’s Dee from Meatloaf and Melodrama, and I’m super excited to be sharing this easy, cheesy Enchilada Chicken Bake with you today!
I absolutely love enchiladas, especially enchiladas smothered in red sauce and loads of cheese — they’re my fave! The only problem is that they don’t really fit the definition of a quick and easy dinner. I mean, they do if you make them ahead of time and pop them in the oven when you’re ready to eat, but I don’t always plan ahead. We usually have them only once or twice a year, or I make our this easier Southwestern Lasagna, instead.
When I saw the incredible Cheesy Mexican Meatballs that were posted here not long ago, I knew I had to make them! Really, what a brilliant way to enjoy the taste of enchiladas without all of the work! I went out and bought the sauce, cheese and everything I needed to make the enchilada meatballs, and then I got home and realized I forgot the ground beef. Seriously. I think I had the kids with me and got distracted, as usual. So it was on to plan B!
I did happen to have some chicken breasts on hand, and I decided to use those, instead. After all, I usually make chicken enchiladas, and this is practically the same thing — only without the tortillas. And actually, it’s even easier to make this chicken enchilada bake because there’s no mixing, rolling or anything else.
Just add the chicken to a casserole dish, season it, cover everything with enchilada sauce, and bake! And if you want to make it easier, you can skip the extra seasoning. I happen to love the extra spice, but if the enchilada sauce is enough for you, that’s perfectly fine!
When the chicken is just about done, you smother it with cheese and let it bake for about five minutes longer or until the cheese is all melted and gooey and all that good stuff. Then, you can top the chicken with tomatoes, olives, avocado, guacamole, sour cream or whatever you like best!
We have had this chicken enchilada bake three times already, and my family raves about it every time. I hope you enjoy it as much as we do!
Prep Time 5 minutes
Cook Time 30 minutes
Servings: Units: 

Ingredients:
  • 4 medium boneless skinless chicken breasts
  • 1 teaspoon sea salt
  • 1/2 teaspoon ground black pepper
  • 1/2 teaspoon ground cumin
  • 2 cups red enchilada sauce
  • 2 cups grated cheddar or Mexican blend cheese
Instructions:
  1. Preheat oven to 400 degrees F.
  2. Coat a large baking dish with a thin layer of nonstick spray or olive oil.
  3. Add chicken to baking dish and season with salt, pepper and cumin.
  4. Cover with enchilada sauce and bake for 25 minutes or until chicken reaches internal temperature of 165 degrees.
  5. Top with cheese and bake for about 5 more minutes or until cheese melts.
  6. Serve with sour cream, avocado slices, tomatoes, shredded lettuce or your favorite enchilada toppings.
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