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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!

Oma's Breaded Pork Chops

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BREADED PORK CHOPS, MASHED POTATOES AND A MARVELLOUS MUSHROOM SAUCE (THINK JÄGERSOSSE!) ...


This breaded pork chops recipe, aka Schweinekotelett, is among the tastiest and quickest dinner meal ideas you can have. This is a simple one, one that always turns out juicy and delicious! Once you learn the basics of how to cook pork chops, there are so many little variations that you can make. Just adding extra herbs and spices can make a dramatic change.

I'll often make an extra chop or two. They taste so great cold and sliced in a sandwich for lunch the next day. Wunderbar!



Oma's Breaded Pork Chops❤️


Ingredients:4 pork chops, trimmed of fat, with or without bone
1½ cups bread crumbs
1 egg
¾ tsp Seasoning Salt, see hints below
olive oil and butter for frying


Instructions:Mix egg and 1 Tbsp water in a flat soup bowl.
Mix bread crumbs and Seasoning Salt in another flat soup bowl.
If the pork chops have fat along the edge, remove the excess. Then cut into any remaining fat (slash from the other edge of the chop through the fat) to prevent the meat from curling when cooking.
Heat on high about 2 Tbsp olive oil (or butter) in a large flat-bottomed frying pan, enough just to cover the bottom.
Take first pork chop and coat with bread crumbs, then dip in egg mixture, then re-coat with more bread crumbs. Carefully place into frying pan so that it doesn't splatter. Repeat with remaining chops. Add extra butter or oil if needed.
Turn chops when nicely browned on one side.
Cover frying pan and lower heat to gently continue browning and cooking the chops until done. Turn once or twice during cooking. One-inch thick chops will take about 20 minutes.


HintsI usually use an oil/butter mixture. Pure butter tastes great, but adding the olive oil makes it a bit healthier. If you prefer, just use oil. If you are using pure butter, be careful that the chops don't burn.
The Seasoning Salt I like is a "no-name" brand. Use any that you like, or just use salt and pepper to season.
Add Parmesan cheese to bread crumbs or other herbs of your choice to vary recipe.


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