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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!

Balsamic Glazed Salmon

Balsamic Glazed Salmon
When anything includes balsamic glaze in the title definitely sign me up! This Balsamic Glazed Salmon is one of my favorite ways to prepare salmon! It’s easy to make yet the end results are amazingly delicious. It’s just one of those impressive entrees that’s sure to please yet it doesn’t require much. It has layers of flavor that all come together so well. You get the perfectly pan seared salmon with it’s golden brown, nicely crisp, outer edge then it’s perfectly tender melt-in-your mouth interior and it’s drizzled with a sweet and lightly tart and tangy reduced honey-balsamic + garlic rosemary glaze. How could you not love it??
I know I share a lot of salmon recipes and if you don’t want to pay the higher cost of salmon you definitely can use chicken as well. Just pound them to an even thickness then cook about 4- 5 minutes per side until they are 165 degrees in the center. Then when you can splurge definitely try it with the salmon at least once. This sauce is just so good over salmon! Then I recommend serving it up with asparagus, green beans or a green salad. Just don’t be skimpy with the glaze over the salmon. Of course I ended up adding more than pictured here. Just smother them :).
Balsamic Glazed Salmon
Pan fried Salmon topped with a rich Balsamic and rosemary Glaze 
Course: Main Course
Cuisine: American
Keyword: balsamic salmon, pan fried salmon
Prep Time: 10 minutes
Cook Time: 20 minutes
Servings: 4 Servings
Calories: 337 kcal
Author: Jaclyn

Ingredients
Balsamic Rosemary Glaze
  • 1/2 cup balsamic vinegar
  • 1/4 cup white wine or low-sodium chicken broth
  • 2 Tbsp honey
  • 1 Tbsp dijon mustard
  • 1 rosemary sprig (about 7-inches)
  • 1 cloves garlic minced
Salmon
  • 4 (6 oz) salmon fillets skinless or skin on
  • Salt and freshly ground black pepper
  • 2 tsp olive oil divided
  • Finely minced rosemary or parsley, for garnish (optional)
Instructions
  1. Allow salmon to rest 10 - 15 minutes at room temperature. Meanwhile, in a medium saucepan combine balsamic vinegar, white wine, honey, dijon mustard, rosemary and the garlic. 
  2. Heat mixture over medium-high heat and bring to a boil, then reduce heat and simmer over medium-low heat until sauce has thickened and reduced to about 1/3 cup, about 10 - 15 minutes, stirring occasionally.
  3. Remove from heat and pour through a fine strainer into a heat proof dish. Set aside.
  4. Season both sides of salmon with salt and pepper. Heat oil in a 12-inch non-stick skillet over medium-high heat. 
  5. Add salmon fillets and cook, without moving until salmon has nicely browned on bottom, about 3 - 4 minutes. Carefully flip salmon to opposite side and continue to cook 2 - 3 minutes longer until salmon has cooked through.
  6. Serve warm drizzling each fillet with balsamic rosemary glaze. Garnish with finely minced rosemary or parsley if desired
Recipe source: Cooking Classy
Nutrition Facts
Balsamic Glazed Salmon
Amount Per Serving
Calories 337Calories from Fat 117
% Daily Value*
Total Fat 13g20%
Saturated Fat 1g5%
Cholesterol 93mg31%
Sodium 126mg5%
Potassium 879mg25%
Total Carbohydrates 14g5%
Sugars 13g
Protein 34g68%
Vitamin A1.4%
Vitamin C0.3%
Calcium2.9%
Iron9.1%
* Percent Daily Values are based on a 2000 calorie diet.
Nutrition Disclaimer



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