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!

Best Meatloaf Recipe







This is my best meatloaf recipe that is so simple, so quick, and so delicious! In German it is called Falscher Hase meaning false rabbit. The similarity is in shape, not taste! The loaf is formed into a slightly elongated, flattened shape to resemble a hare (rabbit). Just think of it like shaping a loaf of bread.


Covered in bacon and, perhaps with a hard boiled egg hidden inside, this makes a great dinner that also provides wonderful leftovers for sandwiches the next day.


Oma's Best Meatloaf Recipe


Ingredients:2 lbs lean beef (or mixture beef and pork)
2 eggs
l onion, finely chopped, (browned in oil, if desired)
½ cup bread crumbs or 1 Kaiser roll (see hints below)
1½ tsp salt
½ tsp pepper
3 hard boiled eggs, peeled (optional)
4 slices bacon


Instructions:Preheat oven to 375°F.
In large bowl, gently mix meat, eggs, onion, bread crumbs, salt and pepper.
If you're hiding hard boiled eggs inside: flatten the meat into a rectangle, lay the eggs on top, and then fold the meat over them. If you're not, then form the meat into a loaf shape. Place the meat loaf on a rimmed baking sheet - not into a loaf pan!
Cover meatloaf with bacon slices.

Bake 50 - 60 minutes or until done. Use a meat thermometer to ensure the meat loaves are at 165°F.
Let stand 10 minutes before slicing. Makes 4 to 6 servings.


Hints:

Traditionally, stale buns were used instead of bread crumbs. Easiest is to use a Kaiser roll, and soak it in some warm milk or water for about 10 minutes. Drain it, squeeze out the liquid, and crumble the roll and add to the meat instead of the breadcrumbs.
Shape into 2 smaller loaves, so there's more crust - everyone just loves the ends - they're extra delicious!

Add any or several of the following: ¼ to ½ cup ketchup, barbecue sauce, mustard, and/or sautéed mushrooms.

Change flavor by adding ½ tsp thyme.
You can omit the bacon to wrap the loaves. Instead, brush with barbecue sauce or ketchup before baking.

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