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!

Slow-Cooker Chicken Parmesan Tortellini

Slow-Cooker Chicken Parmesan Tortellini
Prep 20 MIN
Total 3 HR 40 MIN
Ingredients 10
Servings 6

Ingredients
  • 1 jar (25.5 oz) Muir Glen™ tomato basil pasta sauce SAVE $
  • 2 cups Progresso™ chicken broth (from 32-oz carton)
  • 1 teaspoon salt
  • 1 lb boneless skinless chicken breasts
  • 1 package (20 oz) refrigerated cheese-filled tortellini
  • 1 cup shredded mozzarella cheese (4 oz)
  • 1 tablespoon butter
  • 1/2 cup Progresso™ Italian style panko crispy bread crumbs
  • 1/2 cup shredded Parmesan cheese (2 oz)
  • Shredded fresh basil leaves, if desired
Steps 1
Spray 4 1/2- to 5-quart slow cooker with cooking spray. Mix pasta sauce, broth and salt in cooker. Add chicken breasts.
2. Cover; cook on Low heat setting 3 to 4 hours or until juice of chicken is clear when center of thickest part is cut (at least 165°F). Remove chicken with slotted spoon to cutting board, and shred.
3. Meanwhile, stir tortellini into cooker. Cover; cook on Low heat setting 15 minutes.
4. Stir tortellini mixture; top with shredded chicken. Top chicken with mozzarella cheese; cover and cook 10 to 15 minutes or until tortellini are tender and cheese is melted.
5. Meanwhile, in 10-inch skillet, melt butter over medium heat. Add bread crumbs; cook and stir 2 to 5 minutes or until toasted. Sprinkle over mixture in slow cooker. Top with Parmesan cheese and basil.
Expert Tips
Don’t like shredded chicken? You can dice the cooked chicken instead.
Refrigerated cheese-filled tortellini are usually either plain pasta or a mixture of plain and spinach pastas. Either type is fine for this recipe.

Nutrition Facts

Serving Size: 1 Serving
Calories
480
Calories from Fat
190
Total Fat
22g
33%
Saturated Fat
9g
47%
Trans Fat
0g
 
Cholesterol
150mg
51%
Sodium
1500mg
62%
Potassium
260mg
7%
Total Carbohydrate
35g
12%
Dietary Fiber
2g
11%
Sugars
6g
 
Protein
35g
 
% Daily Value*:
Vitamin A
25%
Vitamin C
0%
Calcium
35%
Iron
15%
Exchanges:
1 Starch; 0 Fruit; 1/2 Other Carbohydrate; 1 Skim Milk; 0 Low-Fat Milk; 0 Milk; 0 Vegetable; 0 Very Lean Meat; 2 1/2 Lean Meat; 0 High-Fat Meat; 1 1/2 Fat;
*Percent Daily Values are based on a 2,000 calorie diet.


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