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!

Crock Pot Beef Stew

Crock Pot Beef Stew
One of our favorite Sunday dinners is this Crock Pot Beef Stew! Hearty pieces of beef and vegetables slow cooked in gravy. Serve with buttered rolls and you’ll have one delicious meal!
eptember is here and I could not be happier! Fall is quickly approaching so that means soup and stew season is almost here. Yippee! I’m not sad at all to say goodbye to the crazy heat. Summer was fun but I’m ready for the holidays. 🙂 
I can’t think of anything better than eating a warm bowl of stew on a chilly day. Too bad we’re still soaring in the high 90’s here, but before we know it the weather will be cooling down and we’ll be enjoying this amazing stew again. It’s the perfect Sunday meal to make for your loved ones. I’ve been making this for years and love to serve it with our favorite rolls. It is beyond delicious! 
A delicious beef stew loaded with potatoes and carrots slow cooked in the crock pot.

INGREDIENTS
  • 2 (1 oz) packages dry onion soup mix
  • 1/2 teaspoon paprika
  • 2 pounds lean beef stew meat (cut up into bite sized pieces)
  • 5 medium potatoes, peeled and diced
  • 2 to 3 cups baby carrots
  • 1 small Onion, chopped
  • 2 (10 oz.) cans cream of celery soup
  • 1 cup ketchup
INSTRUCTIONS
  1. In a large plastic bag, combine the dry onion soup mix and paprika. Add in meat and shake the bag to coat meat with the seasonings. (You may have to do that step in two batches, for all the meat to fit) Once meat is coated, spread out evenly into a greased 7 quart crock pot.
  2. Top meat evenly with diced potatoes, carrots and onion.
  3. Mix the cream of celery soup and ketchup in a small bowl. Pour mixture over the meat and vegetables.
  4. Cover crock pot with lid. Cook on low heat for 8 hours or until meat is cooked through and vegetables are tender. Stir to combine everything then serve.

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