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!

Oven Cooked Pork Roast






This oven cooked pork roast, aka Schweinebraten, is so-o-o delicious. A staple in traditional German cooking! Meat dishes are very important in German cuisine and roast pork recipes are among the favorites. This pork roast is first browned on the stove and then oven roasted. Yes, it's a bit more work doing it this way, but the results are well worth it. Wunderbar!

Pork roast cooking times need to be followed carefully. Ideally, use a meat thermometer to make sure your final temperature is 170°F. And there you have it, perfect oven cooked pork roast!

Oma's Oven Cooked Pork Roast


Ingredients:2 lb pork loin roast
salt, pepper, paprika
1 onion, coarsely diced
¼ lb bacon, diced, or oil to brown meat
½ cup meat broth
2 Tbsp cornstarch

Instructions:
Preheat oven to 350°F.
Sprinkle meat with salt, pepper, and paprika
Meanwhile, if using bacon, fry until fat is released. If using oil, add just enough to cover bottom of fry pan. Add roast and brown on all sides. (Add more oil if needed.) Add onion to brown slightly.
Put roast into roasting pan. Add onion, bacon, and meat broth. Roast, uncovered, until meat thermometer reads 165°F. Remove from oven. Cover and let rest for about 10 minutes. (Will continue to cook to 170°F as it is cooling.)
To make gravy, mix cornstarch with a bit of cold water. Pour liquid from roasting pan through sieve into frying pan and bring to simmer. Slowly add just enough cornstarch mixture to thicken. Season with salt and pepper.
Serves 4 - 6. Delicious served with Red Cabbage and mashed potatoes.


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