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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!

SENSATIONAL CHICKEN CARBONARA RECIPE

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A mouthwatering combination of creamy alfredo, chicken, and bacon in a hearty pasta dish. Creamy Pasta made to perfection and leaves you wanting more!

INGREDIENTS

5 strips bacon cooked and diced.
2 Chicken breasts -Grilled, Chicken striped up
Salt & Pepper to taste
2 T Butter
3 cloves Garlic Fresh minced
3/4 Cup milk
1/4 Cup Heavy cream
1 cup Chicken broth
3 T flour
3/4 c Parmesan Shavings
2 T parsley
1-2 Cups Petite Sweet Peas (optional)
1 small box bowtie pasta
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INSTRUCTIONS
Cook 5 strips of bacon and set aside
Cook 2 chicken breasts in 2 Tablespoons butter with Salt and Pepper to taste.
Set aside while you work on the sauce.
Cook up your Bowtie noodles so they will be ready when the sauce is ready.
Heat up the petite sweet peas 

SAUCE
Saute 3 cloves Garlic Freshly minced.
Add Milk, heavy cream, chicken broth and Flour to the pan with the garlic and whisk until smooth.
Cook on low heat until it thickens.
Add in Parmesan shavings. If the sauce gets too thick, add a little more chicken broth.
Add the drained bowtie pasta.
Toss to cover the noodles completely.
Dash in the parsley.
Add more salt and pepper to taste preference.
Cut up the chicken breasts and dice up the bacon and mix them together
Add in the chicken, bacon, and warmed petite sweet peas to the sauce.
Toss until all is covered in the sauce.
Serve hot

NOTES

This recipe makes approximately 10-12 servings depending on how much you dish up in each bowl. We often have a little leftover after the adults and kids have had multiple servings - although their servings are smaller than a regular adult serving.

For Weight Watchers measuring, divide into 6 equal servings. Not including the noodles, each serving is equal to 6 points plus for Weight Watchers. Read the full Blog article to discover Weight Watchers meal ideas using the creamy Chicken Carbonara sauce.

The peas are completely optional. The original recipe didn't use peas. I've since added them to the recipe and it was a huge success in our home. If you have picky eaters that won't eat the peas, go ahead and leave them out. It still turns out fantastic.

If you want a thicker creamy sauce, you can use 1 cup heavy cream instead of part cream and part milk.


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