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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!

How to make Basic Tomato Sauce

How to make Basic Tomato Sauce

Learn How to Make Basic Tomato Sauce Recipe that you will want to put it on everything. It’s very delicious and made with onions, garlic, olive oil, tomatoes, bay leaves, and seasonings.

This is a very easy and tasty homemade tomato sauce recipe that you can keep in the fridge for one week. It’s always great to have on hand a homemade tomato sauce since it is the foundation for so many wonderful dishes. Also, you can easily add ground meat, if you wanted, to make a meat sauce instead.

I’ve made this recipe many and many times using all types of different tomatoes and the one that I got the best result is the San Marzano tomatoes. But what’s so great about these tomatoes? Well, they have a sweet flavor and low acidity and they are meatier than other tomatoes. Also, it’s easier to remove skin and low seed count, which means all good qualities for making a good and juicy sauce.

How to make Basic Tomato Sauce

Learn How to Make Basic Tomato Sauce Recipe that you will want to put it on everything. It’s very delicious and made with onions, garlic, olive oil, tomatoes, bay leaves, and seasonings.

Ingredients:

1 tbsp extra virgin olive oil
Half medium onion, finely chopped
4 garlic cloves, crushed
2 tbsp tomato paste
1 28oz. can crushed tomatoes with the juice or 1 ¾ pound of fresh tomatoes, peeled, seeded, and diced
1 tbsp brown sugar (or natural sweetener)
½ tsp dried oregano
2 dry bay leaves
Salt and black pepper to taste
1 tbsp chopped fresh basil

Directions:

In a saucepan, heat olive oil over medium heat.
Add onions and cook 4-5 minutes until they are soft and golden.
Add garlic and sauté, being careful not to burn.
Add tomato paste and stir well. Add crushed tomatoes, including the juice in case you are using tomato cans.
Add brown sugar, dried oregano, dry bay leaves, salt, and pepper.
Cover and bring to a low simmer for 25-30 minutes.
Finally, remove from the heat, add fresh basil and stir well. Remove the dry bay leaves.
Adjust the seasoning if you think it is necessary. You can use this delicious sauce in your favorite recipes or you can pour the sauce into a mason jar and keep it in the fridge for about 3 or 4 days or you can freeze for months.

Recipe Adapted : How to make Basic Tomato Sauce @ primaverakitchen

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