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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!

Chicken Bacon Spinach Pasta

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This loaded chicken bacon spinach pasta dish is tossed in a thick and creamy garlic Parmesan  sauce. It’s a perfect blend of flavors that will make you think you’re eating at a restaurant!


The fresh tomatoes and spinach pair perfectly together, and I never met a creamy garlic Parmesan sauce that I didn’t like, the chicken gives this pasta dish the protein that it needs, and finally, the bacon.

Chicken Bacon Spinach Pasta Recipe

Perfectly seared chicken served over pasta that's smothered in a garlic Parmesan cream sauce with spinach and bacon!


Ingredients

  • 2 tablespoons olive oil
  • 1 large boneless skinless chicken breast
  • 1 teaspoon Italian seasoning a combo of thyme, oregano, & basil
  • Salt/Pepper to taste
  • 4 bacon strips
  • 10 oz. penne pasta

Garlic Parmesan Sauce

  • 2 teaspoons garlic minced
  • 2 Tablespoons all-purpose flour
  • 1 + 1/3 cups half and half
  • 1 + 1/3 cups Parmesan cheese shredded
  • 1 teaspoon red pepper flakes
  • 1 cup cherry tomatoes halved
  • 2 cups spinach uncooked

Instructions

  1. In a large cast-iron skillet, heat 2 tablespoons of olive oil on medium-high heat.
  2. Butterfly the chicken breast and cut the seam to create 2 thinner slices, each about an inch thick. Season each side generously with Italian seasoning and desired amounts of salt and pepper.
  3. Sear the chicken in the hot skillet on each side. Refrain from moving the chicken around as it sizzles, it will hinder the nice golden sear color. If the pan gets too hot, reduce the heat to medium. Each side will take 3-5 minutes. Once each side is a nice, golden brown and the middle is cooked, set the chicken aside.
  4. Reduce the heat to medium low and add the bacon to the same skillet. Low and slow is the best way to cook bacon.
  5. While the bacon cooks, prepare the pasta according to package instructions. Once done, drizzle with a little olive oil to prevent sticking, toss, and set aside.
  6. Once the bacon is cooked and crisp on each side, use tongs to remove it from the pan. Leave 2 tablespoons of bacon grease in the pan, and add the garlic. Cook for about 60 seconds.
  7. Increase the heat to medium and gradually add in the flour, whisking constantly.
  8. Temper the half and half by heating it in the microwave for 30 seconds. Add the half and half to the skillet and increase the heat to medium-high, stirring constantly. Once it starts to lightly bubble, decrease the heat to low. Mix in the Parmesan cheese. Once well-combined, add the tomatoes, spinach, and red pepper flakes. Cook for a few minutes until the tomatoes have softened slightly. Use a silicone spatula to gently mix in the penne.
  9. Slice the chicken into strips and place it back in the pan, over the pasta. Sprinkle the top with bacon, and serve!

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