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!



Perfectly seasoned and roasted breakfast potatoes topped with sweet caramelized onions, bacon pieces, and topped off with fresh herbs!

I love breakfast foods, of all kinds! As a kid, breakfast for dinner was one of my favorite meals to have… and it still is today   The next time you’re thinking of what to have alongside your eggs or sausage, try these breakfast potatoes. Perfectly seasoned and roasted red-skin potatoes topped with caramelized onions, crispy bacon and fresh herbs. The perfect side dish for breakfast!
Usually I prefer hashbrown potatoes, due to some “home fries” not being cooked all the way through (I’m picky about my potatoes lol)… but these are the perfect combination of crispy on the outside and fluffy and soft on the inside. Not to mention the fantastic seasonings on these potatoes. Smoked paprika is the star of this recipe!

The smoked paprika is what gives these potatoes a golden color. If you haven’t tried smoked paprika yet, you should   It’s, well, smoky (I’m sure you’re just so surprised….), but seriously, it’s a smoky sweet spice that brings an earthiness and depth of flavor to this dish.

These breakfast potatoes aren’t just incredibly tasty, they’re incredibly simple to make. What’s not to love about that? 

Option 1 – Cook 5-6 slices of bacon in a skillet (or bake in the oven), and save the rendered bacon grease. Use that saved bacon grease as the “oil” in the recipe, so the onions and potatoes are coated in bacon grease and roasted. Crumble bacon and add once potatoes are done cooking.
Option 2 – Coat the potatoes and onions in olive oil and roast. Cook bacon separately and add once potatoes are done cooking.

I chose the bacon grease option, because well, I just love that extra bacon flavor. But it’s not the healthiest option, so if you’d prefer, go with option 2
Regardless of which option you go with, dice up your potatoes (the recipe calls for red-skin potatoes, but yukon gold or even sweet potatoes would be great too), dice your onion, mince your rosemary and add to a large bowl. Add your smoked paprika, dried thyme and salt and pepper. Now add whichever “oil” you choose (olive oil or bacon grease) and toss to coat all the potatoes. Spread out potatoes in a single layer on a parchment paper lined baking sheet (the kind with a rim). Pop them in the oven and you’re done! Just toss the potatoes halfway through cooking. No babysitting, minimal effort, just set the timer and go relax

Once your potatoes are done roasting, top them with some minced fresh rosemary and thyme (optional but recommended).

Don’t be surprised if you find yourself reaching for seconds… or thirds. I won’t judge you… in fact, I’ll be right there, fork in hand, grabbing more servings myself

These don’t have to be a strictly breakfast potato dish… if you’d like, make them a side dish for dinner They’d go perfectly with just about any meal. I think the next time I make these I’m going to try making them with half red-skin potatoes and half sweet potatoes

Recipe adapted from Self Proclaimed Foodie 
prep time  10 MINS 
cook time 40 MINS
total time 50 MINS

Perfectly seasoned and roasted red-skin potatoes topped with caramelized onions, crispy bacon and fresh herbs. The perfect side dish for breakfast!
calories: 261 KCAL

  • 2 lbs red-skin potatoes chopped into small pieces
  • 5-6 slices of bacon cooked and crumbled
  • 1 yellow onion diced
  • 1-2 Tbsp bacon grease or olive oil
  • 2 Tbsp fresh rosemary minced
  • 1 tsp smoked paprika
  • 1/2 tsp dried thyme
  • 1 tsp salt
  • pepper to taste
  • Minced fresh rosemary for garnish
  • Minced fresh thyme for garnish
  1. Cook bacon slices in a skillet, removing with slotted spoon to a paper towel lined plate to drain. Reserve bacon grease.
  2. Preheat oven to 400 degrees. Line a rimmed baking sheet with parchment paper.
  3. In large bowl, combine potatoes, onions, herbs and seasonings, and reserved bacon grease and toss well to evenly coat potatoes.
  4. Arrange in single layer on baking sheet. Bake for about 40 minutes, tossing halfway through, until potatoes are golden brown and crispy.
  5. Top with crumbled bacon pieces and minced fresh herbs to garnish.
** Alternatively, use 1-2 Tbsp olive oil instead of the reserved bacon grease


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