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!

Healthy Lunch Ideas

Here are the lunches I packed for my son the previous five days. You can verify out week 1 here.

Day 1: Homemade Lunchables (Ritz crackers, cheddar cheese, turkey (or ham), diced watermelon, celery, pistachios, and gogurt.

Day 2: Sometimes you simply desire a classic. PB&J, carrot and celery sticks, apple, and Fridays are deal with day for us so he got a bundle of cookies.

Day 3: Cheese quesadilla, gogurt and fruit salad (diced watermelon, apple, orange, and grapes…I simply break up no matter was within the fridge)

Day 4: Tortilla roll ups, inexperienced and red bell peppers, diced watermelon, and apple sauce.

To make the tortilla roll ups unfold a skinny layer of cream cheese throughout a tortilla. Add a layer of spinach to the cream cheese leaving 1/2 inch of cream cheese displaying (it might be the “glue” that holds everything collectively while you roll), upload turkey or ham on ideal of the spinach after which roll. Cut with a pointy knife. I used plain cream cheese, but this could style so nice with onion and chive flavored cream cheese!

Day 5: Tuna sandwich (using this recipe), edamame, apple slices, and a romaine salad with tomatoes and almonds. (To maintain the tuna sandwich secure I extra a small icepack to his lunch box)

When I was little I remember making tuna sandwiches with just the tuna and a huge dollop of mayo, when I was pregnant I made tuna sandwiches with a huge dollop of mayo and a two inch stack of pickles. Here is a simple way to kick up a regular tuna sandwich. It’s all the taste you love from a tuna sandwich with a little extra crunch and flavor.

Tuna sandwiches for two

1 can tuna, drained well
2 Tablespoons mayonnaise
1 Tablespoons relish
2 Tablespoons fresh onion, minced
2 Tablespoons celery, minced
1/2 teaspoon mustard
1/4 teaspoon garlic salt
1/4 teaspoon dill
1/8 teaspoon pepper

Mix all ingredients well and add to bread. Top with lettuce.

Here’s a tip for retaining apple slices from turning brown. You too can use 7up or Sprite, but I by no means have them on hand, so I all the time use the lemon juice.



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