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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!

ROSEMARY CHICKEN, BACON AND AVOCADO SALAD

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You are looking at one major flavor bomb.

Some days I love a super simple, satisfying and incredible bowl of give-me-that-right-now over top of vegetables.

Oh what the heck – that’s all the days. Minus the vegetable part.

The excellent news is that today is also that day so I’m telling you all about it.



Want to know something crazy?

I’ve never really cared for rosemary. Never ever.

Then last year, I grew it so I sort of got into it. It really is true that when you grow your own food (err… herbs), you want to eat it more. This is my plan for Max and why I love to have him help me in the kitchen so much. I’m trying to embrace the mess.

It’s difficult! And messy. And fun.

After last summer though, my newfound rosemary love took a backseat and I sort of reverted to my old self. When picking out herbs to plant earlier this spring, I grabbed a rosemary seedling because I found that I was actually MISSING the flavor. Super unlike me.


And then! It was fate. I’ve been ooogling over a certain recipe with tons of bacon and rosemary and I knew it was the first thing I needed to make this summer.

This recipe is from Heather Christo’s newest cookbook, Pure Delicious, and it is fan-freaking-tastic. One of the most wonderful salads I’ve had in a long time and I’m sure you know exactly what it’s like to be in a salad rut. 

COME ON. I know you know it. We’re likethis.


First, I adore Heather. She’s hilarious, so kind and lovely, an entertaining QUEEN (this is no joke, I’ve witnessed it), a wonderful cook (um, hello, salad with FRIED PEACHES) and – not to mention she has the most impeccable fashion taste EVER ever. She’s one class act.

Second, I loved her food and recipes before her foodie lifestyle changed due to her girls’ allergies and if possible, I love her newer recipes even MORE. Her dishes are always vibrant and fresh. She makes the most mouth-watering combinations that I get lost in her site and the book is no different. Two weeks ago we had her mango corn salad with shrimp for dinner and we could not stop eating it. Eeeep so good.


This salad is not only packed with flavor – it’s packed with texture too! You know I love it.

And guess what? That rosemary chicken miiiiiiight be cooked in bacon grease. I swear it’s the best way to make chicken. So flavorful and rich on the outside.

I bet this is how all restaurants make their chicken in salads taste so phenomenal. It has to be. I mean, it’s either that or a few ladles of melted butter. Waaaaah.


Creamy avocado, crispy bacon, chicken that is to.die.for – lots of spring greens and butter lettuce, some sweet cherry tomatoes, watercress and a rosemary vinaigrette that is so wonderful I had to stop myself from drinking it.

This is the best meal ever.


ROSEMARY CHICKEN, BACON AND AVOCADO SALAD

INGREDIENTS:

4 slices thick-cut bacon
1/2 pound boneless, skinless chicken breasts
salt and pepper
1 tablespoon olive oil
2 tablespoons minced fresh rosemary
6 cups spring greens and/or butter lettuce
1 bunch watercress
1 cup cherry tomatoes, halved
1 large avocado, thinly sliced

rosemary vinaigrette 
2 teaspoons dijon mustard
1/4 cup olive oil
1/4 cup red wine vinegar
1 teaspoon minced fresh rosemary
salt and pepper
DIRECTIONS:


Heat a large skillet over medium-low heat and add the bacon. Cook until it’s crispy and the fat is rendered. Remove the bacon and place it on a paper towel to drain any excess grease.

Season the chicken with salt and pepper. Cover with the rosemary. In the same skillet, over medium-high heat, add the chicken and cook until golden and crisp on both sides, about 5 to 6 minutes per side. Remove the chicken and let sit for a moment while you assemble the salad, then slice it.

Toss the greens with the watercress and the tomatoes. Top with the sliced chicken, the bacon and the avocado. Drizzle with the rosemary vinaigrette!

rosemary vinaigrette 

Whisk together the mustard, oil and vinegar. Whisk in the rosemary and a pinch of salt and pepper.



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