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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!

Meatballs with Creamy Tomato Sauce

Meatballs with Creamy Tomato Sauce
Meatballs with Creamy Tomato Sauce for an easy weeknight dinner that’s ready in minutes! With juicy, flavorful meatballs in a creamy tomato sauce, they’re amazing with steamed rice, mashed potatoes or noodles!
Meatballs with Creamy Tomato Sauce
Meatballs with Creamy Tomato Sauce are a mash-up of our two favorite meals at home. We love tender, juicy Swedish meatballs and the creamy blush sauce we use with Angel Hair pasta so combining the two into one delectable dish was the perfect next step.
If you’re looking for a weeknight dinner that’s easy to prep yet full on flavor, this beef meatballs in tomato sauce recipe is a keeper. With moist and flavorful meatballs swimming in a creamy and tangy gravy, it’s a guaranteed family pleaser!
Not only are they a sure crowd favorite, these meatballs are versatile, too. There are so many delicious ways to enjoy them!
They make a fantastic appetizer for a party, are amazing between toasted french roll as a sandwich, and delicious served over steamed rice, mashed potatoes or noodles.
Tips on How to Make Homemade Meatballs
  • These meatballs are a mix of equal parts ground beef and ground pork for extra juicy texture.
  • Use fresh bread soaked in milk or broth instead of dry breadcrumbs as a binder. This soaked bread paste or panade adds moisture for more tender meatballs.
  • Grate the onions instead of chopping. This makes the meatballs juicier, more flavorful and with no chunks of onions to bite into.
  • Use a scoop to easily and evenly portion out the meat and then roll into round shapes between the palm of hands. If the meat is sticking, rinse hands with cold water between shaping. I also find chilling the mixture beforehand makes it easier to roll into meatballs.
  • Chill the meatballs just until firm to help them keep shape during frying.
How to Do You Make Meatballs in the Oven
I pan-fried the meatballs in the pan but you can always bake them in the oven to brown and just finish them off in the sauce.
Arrange the meatballs in a single layer on a lightly greased baking sheet.
Bake in a 400 F oven for about 10 to 15 minutes or until lightly browned and no longer pink
With a spatula, carefully remove meatballs from the pan and use in the recipe.
Whether pan-frying or baking, don’t cook the meatballs all the way through as they will simmer in the sauce.
Give these homemade meatballs a try for dinner tonight and let me know what you think in the comments below. I love hearing from you.
Meatballs with Creamy Tomato Sauce
Prep Time 15 mins
Cook Time 20 mins
Chilling 30 mins
Total Time 35 mins

Meatballs with Creamy Tomato Sauce for an easy weeknight dinner that's ready in minutes! With juicy, flavorful meatballs in a creamy tomato sauce, they're amazing with steamed rice, mashed potatoes or noodles!

Course: Main Entree
Cuisine: American
Keyword: meatballs in tomato sauce
Servings: 8 Servings
Calories: 453 kcal
Author: Lalaine

Ingredients
  • 3 slices white bread, sides trimmed
  • 1/2 cup milk
  • 1 pound ground beef
  • 1 pound ground pork
  • 1 onion, peeled and grated
  • 2 eggs
  • 2 teaspoons salt
  • 1/2 teaspoon Italian seasoning
  • 3 tablespoons canola oil
  • 1 cup tomato sauce
  • 1/2 cup heavy cream
  • 1/2 cup water
  • salt and pepper to taste
  • Parmesan cheese, grated
Instructions
  1. In a small bowl, soak bread in milk. Tear with hands until it resembles a soft paste.
  2. In a large bowl, combine ground beef, ground pork, soaked bread, onions, eggs, salt and Italian seasoning. Gently mix until combined.
  3. Using a small scoop, portion about 1 tablespoon of meat mixture and using roll between palms of hands into a 1-inch diameter ball.
  4. Arrange meatballs in a single layer on a parchment-lined baking sheet and freeze for about 20 to 30 minutes or until firm.
  5. In a skillet over medium heat, heat oil. Add meatballs in a single layer and cook, gently turning on sides as needed, until lightly browned but not cooked through. Remove from pan and drain on paper towels. Keep warm.
  6. Alternatively, arrange meatballs in a single layer on a baking sheet and bake in a 400 F oven for about 10 to 15 minutes or until no longer pink.
  7. In another pan over medium heat, heat the remaining 1 tablespoon oil. 
  8. Add tomato sauce, heavy cream, and water. Season with salt and pepper to taste. Stir to combine and bring to a simmer. 
  9. Add meatballs in a single layer and cook, stirring occasionally, for about 8 to 10 minutes or until meatballs are until thermometer inserted in the center of meatball reads 145 F. 
  10. Sprinkle with Parmesan cheese, if desired. Serve hot.
Nutrition Facts
Meatballs with Creamy Tomato Sauce
Amount Per Serving
Calories 453Calories from Fat 324
% Daily Value*
Total Fat 36g55%
Saturated Fat 13g65%
Cholesterol 143mg48%
Sodium 886mg37%
Potassium 494mg14%
Total Carbohydrates 8g3%
Sugars 3g
Protein 22g44%
Vitamin A8.7%
Vitamin C4.3%
Calcium8.3%
Iron13.7%
* Percent Daily Values are based on a 2000 calorie diet.



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