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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!

Momma’s Best Meatloaf

Momma’s Best Meatloaf – seriously!
I think most folks at some point in their lives have had either great experiences with meatloaf or really bad ones. Maybe the meatloaf was a tad dry or maybe it tasted like a lump of beef and nothing else. And if that bad experience came from childhood, and Mom was trying to feed 9 or 10 children, as was a common situation many years ago, she didn’t have the time (or probably the energy) to be fancy-ing it up. It’s cheap it’s a hot meal on the table.
Meatloaf really can taste good
Meatloaf is fairly inexpensive, easy, filling and can feed a lot of folks. And perhaps the name does not help it’s case at all, but let’s face it, when a meatloaf is done right, it is so comforting to the soul. Personally, I’m a meatloaf lover. But if you aren’t, then maybe it’s time you give it a second chance. Because meatloaves need love to, even if they aren’t the prettiest girl showing up to the party.
Ingredients:
  • 1 pound ground beef (80/20 works good)
  • 3/4 cup milk
  • 1 egg
  • 3 slices of bread, torn up into small pieces
  • 1 tablespoon Worcestershire sauce
  • ½ tablespoon onion powder
  • ½ teaspoon salt
  • ½ teaspoon dry ground mustard
  • ¼ teaspoon black pepper
  • ¼ teaspoon hot sauce (or slightly more, to taste)
  • ⅛ teaspoon garlic powder
  • ½ cup ketchup
Directions:
Heat oven to 350F degrees. Combine all ingredients in a large bowl (except ketchup.) Don’t be afraid to get in there with your hands – they work best.
Spread mixture into an ungreased loaf pan or shape into a loaf on a sheet pan.
Spread ketchup on top of meatloaf.
Cook for an hour to an hour and 15 minutes (or until a meat thermometer reads 160 degrees). Let stand for 5 minutes and serve.
Cook’s Note: This can be made in a loaf pan (with the same cooking time.) Cooking it on a sheet pan will help some of the fat spread away from the meat if you are looking to make this a slightly leaner dish.

Enjoy!

Momma's Best Meatloaf
Prep Time 10 mins
Cook Time 1 hr 15 mins
Total Time 1 hr 25 mins
Course: Main Course
Cuisine: American
Servings: 4
Calories: 428 kcal
Author: Brandie @ The Country Cook
Ingredients
  • 1 pound ground beef
  • 3/4 cup milk
  • 1 egg
  • 3 slices bread torn up into small pieces
  • 1 tablespoon Worcestershire sauce
  • ½ tablespoon onion powder or 1/2 cup finely chopped onion
  • ½ teaspoon salt
  • ½ teaspoon dry ground mustard
  • ¼ teaspoon black pepper
  • ¼ teaspoon hot sauce
  • ⅛ teaspoon garlic powder
  • ½ cup ketchup
Instructions
  1. Heat oven to 350 degrees.
  2. Combine all ingredients in a large bowl (except ketchup).
  3. Spread mixture into an ungreased loaf pan or shape into a loaf on a sheet pan.
  4. Spread ketchup on top of meatloaf.
  5. Cook for an hour to an hour and 15 minutes (or until a meat thermometer reads 160 degrees).
  6. Let stand for 5 minutes and serve
Recipe Notes
This can be made in a loaf pan with the same cooking time.
Nutrition Facts
Momma's Best Meatloaf

Amount Per Serving
Calories 428Calories from Fat 234
Nutrition Facts
Momma's Best Meatloaf
Amount Per Serving
Calories 428Calories from Fat 234
% Daily Value*
Total Fat 26g40%
Saturated Fat 10g50%
Cholesterol 126mg42%
Sodium 832mg35%
Potassium 548mg16%
Total Carbohydrates 22g7%
Dietary Fiber 1g4%
Sugars 10g
Protein 24g48%
Vitamin A5.7%
Vitamin C2.2%
Calcium12%
Iron19.3%
* Percent Daily Values are based on a 2000 calorie diet.


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