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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!

Pineapple Honey Glazed Ham Recipe

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This is a sponsored post written by me on behalf of Sears Home Appliances and Services.
This Pineapple Honey Glazed Ham Recipe is a simple and delicious holiday meal! A flavorful glaze made with pineapple juice, dijon mustard and honey for your spiral ham.



Oh, the holidays. It is that time of year again. Chilly weather, cozy homes, amazing smells coming from the kitchen, friends, family and holiday feasts.


I look forward to it all and feel so blessed. BUT. . . in a perfect world there may be a couple minor changes. First, c’mon, can’t Northern California get a winter snow storm!?!? And second, my kitchen is an absolute disaster! It is small, dark and old.

I may not be able to do anything to change the weather. I guess I’ll just have to accept our 80 degree Christmas mornings.


My old, ugly kitchen can be changed with the help of Sears Home Appliances and Services.

Just look at that glorious spiral ham in my dungeon of an oven!



While I would love to give my entire kitchen a makeover I have to wait a little bit longer. I will be buying my first home sometime in the next year so I’m waiting until then. And trust me, the kitchen will be the first project on my list!


Priority One: a shiny, new oven that cooks evenly.

I’ve got my eye on this beauty. . .




You can schedule an appointment right there on the Sears.com. Or if you are like me and prefer talking to humans as much as possible, just call Sears and you can set an appointment over the phone. That is what I did. (I know, I’m so old!)

I may just be a look-loo now but once I am a home owner with the keys in my hand, day one will be spent in the Sears Home Appliances and Services area. And I will know just what I want.

Luckily the Sears experts are good sports about it.

And Sears sells the top 10 appliance brands, including Kenmore, the most-awarded brand in the U.S. Sears also offers the most comprehensive warranty program.



I was a few minutes early (as usual). But that gave me time to gaze upon my dream oven before asking Johanna eleventy-million questions. She was super friendly and great about answering my many questions. No more tracking down random sales reps that may or may not be able to answer your questions, like in this Hilarious Sears Commercial! From appliances, to repair, to parts, to warranties to home improvement, ONLY Sears has the unique expertise to take care of your house so you can enjoy your home. Sears is House Experts for Homeowners.


OoooooAhhhhh. Ain’t she just the prettiest oven you’ve ever laid eyes upon?



Now that is an oven deserving of this Pineapple Honey Glazed Ham Recipe!







Pineapple Honey Glazed Ham



Ingredients
9-10 lb Spiral Ham
glaze
2 Cups 100% Pineapple Juice
1/4 Cup Honey
2 Tablespoons Sugar
2 Tablespoons Stone Ground Mustard


Instructions
Preheat oven to 325°F
Place ham into large baking dish and cover with foil.
Cook according to package instructions (typically 325°F for 10-12 minutes per pound)
Prepare glaze while ham is in the oven.
Glaze ham 20 minutes before cooking is complete.
glaze
In small saucepan over medium heat; cook pineapple juice 25 minutes while stirring frequently. Juice should reduce by half.
Add honey, sugar and mustard.
Cook 5-8 minutes while constantly stirring. Once glaze has thickened to a syrup consistency, remove from heat and set aside until ham is ready to be glazed.


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