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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!

Easy Lemon Chicken Skillet Dinner Recipe

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This clean eating easy weeknight lemon chicken skillet dinner recipe is so quick and easy to make you’ll want to make it every week.


Basically, you put some oil in the bottom of a cold pan to just coat it, take fresh or frozen chicken tenders and put them in, sprinkle salt and spices on, sprinkle pretty much any type of flour over the chicken, turn over and repeat. Then turn on the pan and cook until each side is golden brown.

Easy Lemon Chicken Skillet Dinner Recipe
I love how you bread the chicken right in the pan. I love to make this for a quick weeknight dinner and my whole family loves it.



INGREDIENTS

  • 1 3/4 pounds Chicken tenders (fresh or individually frozen)
  • 1/3 cup Einkorn Flour (Light Spelt Flour works very well also)
  • Real Salt and pepper (to taste)
  • 2 Tbl Oil of your choice
  • 3 tablespoons Butter
  • 1 cup Chicken Stock
  • Juice of 1 1/2 large or 2 small Lemons
  • 1 Lemon (sliced, for garnish)
  • Chopped Parsley (for garnish)

INSTRUCTIONS

  1. Put a cold frying pan on the burner and don’t turn it on.
  2. Put 2 tablespoons of oil in bottom of pan.
  3. Put chicken tenders in pan.
  4. Sprinkle salt and/or pepper over the chicken.
  5. Sprinkle flour over the chicken, as thick or thin as you like.
  6. Flip the chicken over and repeat.
  7. Turn on stove on about medium/low heat, depending on your stove.
  8. When chicken is browned on one side, flip over and cook the other side.
  9. Remove chicken from pan and set aside if you want your chicken crispy, with the lemon sauce on the side. Or keep in the pan if you want the chicken to absorb the lemon sauce.
  10. If you have a good amount of oil and cooked flour/breading in the pan, you don’t need to do anything. If you don’t have enough, add more. Usually there is plenty of oil, but you may need more flour so your sauce isn’t too oily and thin and it’s a lot easier to add the flour now. If you added flour, stir it around to absorb the oil.
  11. Pour the chicken stock and lemon juice into the pan and bring to a simmer. Let simmer for 2-3 minutes, or until sauce has reduced by half and thickened.
  12. Check seasonings and add more salt, if desired.
  13. Turn off the heat and stir in the butter.
  14. Add lemon slices and chopped fresh parsley to the pan to garnish.


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