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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!

Instant Pot Chicken Alfredo Pasta

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Ingredients

2 tablespoons olive oil
kosher salt and freshly ground black pepper
1/2 teaspoon garlic powder
2 large chicken breasts about 1.5 pounds total
4 cloves of garlic minced
1 quart low sodium chicken broth
1 pint heavy whipping cream
1 pound of uncooked penne pasta
8 oz of freshly shredded real parmesan cheese
flat leaf parsley minced for garnish

Instructions

Season chicken breasts with salt, pepper and garlic powder.
Set 6 Qt Instant Pot to Saute function and hit Adjust button until More is lit. This heats Instant Pot to highest heat for searing.

Add olive oil to Instant Pot and sear chicken breast in Instant Pot for several minutes on both sides until evenly browned.
Remove chicken from pot and set aside to be added back in with the rest of the ingredients.
Add garlic to pot and cook for about one minute.
Add chicken broth and use wooden spoon to scrape up browned bits from the bottom of the pot.
Add heavy cream, uncooked pasta, a teaspoon of kosher salt and several turns of freshly ground pepper.
Return chicken breasts to Instant Pot and stir all ingredients together.
Hit off button to end Saute function, then lock lid in place with Pressure valve set to sealing.
Cook on Manual, High Pressure for 6 minutes. Instant Pot with take 10-15 minutes to come to pressure and then countdown from 6 minutes.
Once cooking is complete, use Quick Pressure Release.
Since we are cooking a pound of pasta, there may be some starches and liquids that start to splatter. If that happens, use wooden spoon or an oven mitt to quickly close pressure valve. Wait one minute and try again.
Once pressure pin drops, unlock lid and remove chicken breasts. Use a meat thermometer to ensure they have reached 165 F degrees. Set aside to rest.
Stir pasta and cream mixture together and slowly add in freshly grated parmesan cheese.
Slice chicken breast and combine with pasta.
Serve with additional freshly ground pepper, shredded parmesan and chopped flat leaf parsley.

Recipe Notes

Important Recipe Tips -

Do not substitute milk, or half and half for heavy cream, it will not stand up to the high heat of pressure cooking.
For best results, use real parmesan cheese grated on a microplane. Store bought grated parmesan cheese will not melt properly and will stick to the bottom of the pot.
Sauce will thicken as it cools.
If halving the recipe, keep same cooking time.

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