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!

CREAMY ITALIAN SAUSAGE SOUP

Tis the season of comfort food. But not all comfort food is about dessert and drink pairings. To me, one of the best kinds of comfort food is cheesy pasta. The more cheese and sauce, the merrier I am. And my favorite part about creating pasta dishes is their simplicity – throwing together ingredients in a pot, letting them simmer, and voila, dinner is ready.Cheesy, pasta filled soup made with Italian sausage; is the perfect pairing for an easy weeknight dinner or holiday party

Ingredients
  • 16 ounces mild Italian sausage
  • 1/2 large yellow onion diced
  • 2 tablespoons minced garlic
  • 1 jar Barilla Marinara Sauce
  • 1/2 lb Barilla Penne Pasta
  • 2 cups chicken broth
  • 3 cups half and half, heavy cream or whole milk
  • 2 14.5 ounce cans whole tomatoes
  • 1 14.5 ounce can diced tomatoes
  • 1 tablespoons Italian seasoning
  • 3 cups shredded Gambilin Mozzerella cheese
  • 1 cup grated Parmesan cheese
  • 4 tablespoons butter




Instructions
  1. In a large pot fill with 6 cups of water and cook pasta according to package directions.
  2. Once pasta is completely cooked, rinse with cold water and drain. Set pasta aside for later.
  3. Using the same pot, heat 2 tablespoon olive oil. 
  4. Once heated add sausage, onion and garlic; cook until sausage is completely cooked through.
  5. Drain grease from sausage and set sausage aside. 
  6. Place the same pot over medium-high heat and add chicken broth, whole tomatoes - squeezing the whole tomatoes with your hand so that it breaks them up as you are pouring them in the the pan, diced tomatoes, Barilla marinara sauce, Italian seasoning and heavy cream. Bring to a slow boil, stirring constantly, reduce heat to medium and simmer for 5 minutes. 
  7. Add in sausage mixture, butter, 2 cups shredded Mozzarella and Parmesan cheese. Simmer over medium heat for 10-15  minutes. Stir every few minutes so that it doesn't stick to the bottom of the pan.
  8. Remove from heat. Stir in remaining shredded Mozzarella cheese. 
  9. Stir in the pasta and serve immediately.
  10. I love to top the soup with a sprinkle of freshly ground black pepper and Italian seasoning.

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