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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!

Crock-Pot Lamb Shanks

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Total:8 hrs 20 mins
Prep:20 mins
Cook:8 hrs
Yield:4 servings Crock-Pot lamb shanks


A Crock-Pot is the perfect cooking vehicle for fall-off-the-bone-tender lamb shanks. Lamb shanks are a cut taken from either the shoulder (foreshank) and arm of a lamb, or the upper part of the leg (hind shank).

Shanks are full of connective tissue and, as such, are some of the toughest meat on the animal, making them a perfect candidate for long, slow braising to tenderize the tough meat.

This lamb shank recipe is flavored with garlic, onions, mushrooms, herbs, red wine and tomatoes. To reduce the fat, refrigerate overnight after cooking, scrape off the congealed fat and reheat before serving.

The garlic cloves are extremely mild when cooked whole. If you like a stronger garlic flavor, mince some of the garlic before adding to the crockpot.


Ingredients
1 sweet onion (sliced and separated into rings)
4 lamb shanks (rinsed and patted dry)
1 teaspoon Worcestershire sauce (see note below to make your own)
1 teaspoon kosher salt
Dash of freshly ground black pepper
1 teaspoon olive oil
10 garlic cloves (whole large ones cut in half and peeled)
8 ounces mushrooms (brushed clean, large ones cut in half)
1/2 cup red wine
1/2 cup strong beef broth (double-strength)
1 (14-ounce) can diced tomatoes (about 1 3/4 cups)
1 teaspoon dried oregano
1 teaspoon dried basil
4 sprigs fresh thyme
1 teaspoon allspice (ground)
1 small bay leaf (broken in half)



Steps to Make It
Gather your ingredients.




Spread sliced and separated onion rings on the bottom of Crock-Pot.




Rub lamb shanks with Worcestershire sauce, then sprinkle all over with salt and pepper.




Heat a heavy skillet over medium-high heat. Add olive oil and brown the lamb shanks.



Place browned lamb shanks, along with any browned bits from the skillet, in the Crock-Pot on top of the onions. Top with whole garlic cloves and mushrooms.




In a medium bowl, mix together red wine, beef broth, tomatoes, oregano, basil, thyme, allspice, and bay leaf. Pour mixture over the vegetables and lamb shanks.




Cook on low for 6 to 8 hours or until tender. Taste and adjust seasoning if necessary.




Serve with pan juices and vegetables.




Enjoy!


Source link from : https://www.thespruceeats.com/crockpot-lamb-shanks-recipe-1808180

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