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!

Montreal Steak And Peppers Kebabs

Montreal Steak And Peppers Kebabs
This simple Montreal steak seasoning marinade tenderizes any cut of meat thanks to a soak in red wine vinegar and oil with a blend of salt, spices, red pepper, paprika, garlic, and more for a bell pepper-packed steak kebab (or kabob) worthy of any summer barbecue or potluck party.

This recipe is brought to you by McCormick Spices
If you were to ask my husband what he craves for dinner most any night of the week, his first answer has been and always will be “steak!” He’s for sure the master of the BBQ but typically cooks filets on the stove with plenty of butter, or his favorite ribeye cut over the coals. But man, those delicious cuts can get a bit spendy.
So lately we’ve been on a skewered-kebab mixed with watching-the-budget-kick which calls for more fiscally-aware cuts of meat (how P.C. does that sound?) that does best when marinated and tenderized for flavor. And nothing makes it easier than a simple mix of Grill Mates® Montreal Steak® Marinade, especially when you’re cooking for a crowd on the 4th of July.
When McCormick asked me to try out their Grill Mates® Montreal Steak® Marinade, I knew right away the perfect recipe to try it out on. This summer is all about grilling our best, and with these kebabs aka kabobs, oh baby, we’re sticking it to ’em with tender steak and layers of sweet bell peppers.
How to Tenderize Steak for Killer Kebabs
There are a few tricks and techniques that are guaranteed to grill up a tender steak kebab or skewer.
If your budget isn’t an issue, choose a high quality cut of beef like the afore-mentioned filet mignon or ribeye. Look for meat that has marbling because fat = flavor = tender bites. For the rest of us who might be a bit more cost conscious, choose a quality cut of sirloin cut into cubes and ready to be dunked in the flavor that comes with trick #2. Strip, flap, or round steak works well too.
Marinating your kebabs helps break down the meat and tenderize it while adding flavor at the same time. My packet of Grill Mates® Montreal Steak® Marinade suggested using red wine vinegar or plain old drinkable red wine in the marinade, with either choice providing the acid needed to tenderize the meat. Combined with the garlic, pepper, and salts in the marinade, it’s a quick fix for lots of flavor that will help you grill up your best. If you’re not up for marinating, you can also get the garlic and pepper flavor with McCormick’s Montreal Steak Seasoning.
This recipe is great for weekend get togethers, but even better for meal prep and planning for the week. The steak doesn’t have to marinate for long, so it’s easy to pull together the night you eat it, or, prepare it the night before to sit in the fridge and add flavor all day long. I’ve found that marinating for at least an hour or overnight is best.
How to Skewer Your Kebabs or Kabobs
While you can certainly use bamboo skewers for kebabs, I find for beef it’s easiest to use metal skewers like these thanks to their strength, and plus, there’s no need for soaking them in water like bamboo so they don’t burn.
I used a variety of bell peppers for these killer kebabs because I love their sweet bites once they’re cooked, and the rainbow of nutrients is hard to beat. Of course you could also use sweet mini peppers if you’d like.
I pack my skewers tightly, alternating cubes of Montreal marinated beef with the peppers in a rainbow of color. Any leftover peppers are threaded onto the extra skewers with other veggies I have in the fridge adding more healthful bites for dinner.
If using your marinade for basting, be sure to reserve and set aside 1/4 cup or so before adding the marinade to the meat. Rule of thumb: Never baste with used marinade for fear of bacteria.

Montreal Steak and Peppers Kebabs
Use a variety of peppers in every color, or choose your favorite to layer between the chunks of marinated steak.
Servings 5 -6 skewers

Ingredients
  • 2 pounds sirloin steak
  • 1 packet McCormick Grill Mates® Montreal Steak® Marinade
  • 1/4 cup canola oil
  • 1/4 cup water
  • 2 tablespoons red wine vinegar
  • 3-4 bell peppers of various colors seeded
Instructions
  1. Trim the steak and cut into 1-inch cubes. In a small bowl, whisk the marinade mix with the oil, water and vinegar. Reserve 1/4 cup of the marinade for basting later. Place the meat in a large bowl or resealable gallon freezer bag and add the marinade, tossing to coat well.
  2. Refrigerate for 30 minutes up to overnight. Remove the meat from the marinade and discard the leftover marinade.
  3. Cut the bell peppers into 1-inch pieces. Thread the steak with the peppers, alternating the steak with the peppers in a rainbow of colors.
  4. Grill over medium high heat, turning once or twice and basting with the reserved marinade with each turn.


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