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!


This is the best Broccoli Salad recipe and is always the first to go at BBQs and potlucks. This easy Broccoli Salad recipe is full of bacon, almonds, raisins (or craisins), and onion. 

This Broccoli Salad recipe was originally posted in March of 2013. It goes well with Baked Beans, Hawaiian Grilled Chicken, or this Corn Tomato Avocado Salad.

I haven’t posted lately because food and I have had a love/hate relationship.
Or in my husband’s words…a hate/hate relationship.
I’m pregnant…and finally telling. (p.s. this was originally posted in 2013…I’m not pregnant right now!)
And now that I’m 17 weeks my appetite is back with a vengeance.
And all this baby wants is egg salad and mustard covered sandwiches.
And a whole lot of this broccoli salad.
I understand that broccoli covered in nuts, bacon, and mayo kind of defeats the whole purpose of eating broccoli. Did I mention the bacon?! But what baby wants…baby gets.

My friend Tara brought this to a BBQ and everyone kept going back for more. I always pay attention to what’s a hit at get togethers and this was definitely one.
I’ve tried a ton of versions of broccoli salads and this is by far my favorite and the best broccoli salad. Now I take it to every potluck or BBQ I can!

prep time: 20 MINS 
total time: 20 MINS

  • 8 cups of fresh broccoli cut into bite sized pieces
  • 1/2 red onion , cut into thin bite sized slices
  • 1/2 pound bacon , cooked and crumbled
  • 3/4 cup raisins or craisins (see Note)
  • 3/4 cup sliced almonds , toasted (see Note)
  • 4 ounces cheddar cheese, cubed
  • 1 cup mayonnaise
  • 1/2 cup white sugar
  • 3 tablespoons red wine vinegar
  • salt and pepper
Get Ingredients Powered by Chicory

  1. Combine broccoli with the red onion, bacon (see note), raisins, almonds, and cheese in a large bowl.
  2. To prepare the dressing, mix the mayonnaise, sugar and vinegar together until smooth. Stir into the salad.
  3. Let salad chill for about 3 hours. It may not seem like enough dressing but after it chills the dressing marinates and is plenty. This also allows the flavors to meld.
  4. Season with salt and pepper and serve.

I like to add the bacon right before serving to keep it crispy.
You can also use halved grapes instead of raisins. Toast almonds in a skillet for 5-6 minutes or until golden brown.
To toast the almonds, just heat them over medium heat in a skillet and cook for just a couple of minutes until golden brown.

Source: my friend Tara Moore; adapted from Allrecipes


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