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!

GARLIC ROSEMARY CHICKEN WITH CRANBERRIES

There is nothing better in my book than a simple one-pan baked chicken. All the comfort with little work. And that’s what we have in today’s easy garlic rosemary chicken…except with an added festive twist using cranberries! This roasted chicken is both super tasty and show-stopping. Be sure to see the step-by-step photos below the recipe. Be sure to see the step-by-step tutorial below the recipe.




Every cook should have several chicken recipe in her arsenal. In fact, more than one rosemary chicken recipe is even better, right?!

Time for a confession. I was craving this easy rosemary roasted chicken and potato dinner, when I came up with today’s recipe. But upon examining a bag of cranberries that sat idly on my kitchen counter, I decided to take a more festive direction and create this garlic rosemary chicken with cranberries. So here we are!





The flavor stars here are decidedly Mediterranean: garlic, rosemary, and citrus. First, lots of garlic and fresh rosemary and a little paprika make a simple rub for the chicken. Then, for just a few minute, the rosemary chicken sits in a marinade of citrus and olive oil with onions and celery.



As far as the role of the pretty cranberries goes, I did not even go to the length of making a cranberry chutney as I have for this lamb recipe. But to “break” the tartness of the cranberries, I mixed them with brown sugar and a hint of white wine vinegar.

Once baked with the rosemary chicken and everything else, the cranberries make an excellent, juicy, and even slightly sweet topping. Plus, festive!


INGREDIENTS
2 cups fresh cranberries
1/3 cup brown sugar
2-3 tbsp white wine vinegar, more for later
6 pieces bone-in, skin on chicken (I used 2 chicken breasts and 4 thighs)
6-8 garlic cloves, minced
Salt and pepper
1 1/2 tbsp chopped fresh rosemary
1 tsp sweet paprika
1/3 cup Private Reserve extra virgin olive oil
1 lemon, juice of (do not discard used lemon halves)
1 large yellow onion, chopped
3 celery stalks, chopped
1/2 cup chicken broth or water
More fresh rosemary for garnish



INSTRUCTIONS
In a small bowl, combine the cranberries, brown sugar, and white wine vinegar. Set aside for now.
Pat the chicken pieces dry. Rub the chicken with the minced garlic on both sides (make sure to apply some of the garlic underneath the chicken skins). Season well with salt and pepper. Combine the rosemary and paprika then apply to the chicken pieces on both sides and again underneath the skin.
In a large bowl or deep enough dish, mix the olive oil, lemon juice and 2 tbsp white wine vinegar. Now add the chicken, celery, onions, and used lemon halves. Work everything together with clean hands. Set aside to marinate just for 15 minutes or so.
Preheat the oven to 425 degrees F.
Heat 1 tbsp olive oil in a skillet. Place the chicken skin side down to brown on medium-high for 5 minutes. Turn over and brown on the other side.
Place the chicken, onions, celery, lemon halves and any liquid from the marinade in a lightly oiled baking pan likethis one. Add 1/2 cup water or chicken broth, then add the sugared cranberries.
Bake in the 425 degrees F heated-oven for 35 to 40 minutes or until the chicken is fully cooked through. Serve hot with Lebanese rice and your favorite salad.


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