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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!

HEALTHY ORANGE CHICKEN

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Skip the takeout and make this Healthy Orange Chicken Recipe for dinner! A simple, delicious dinner that is paleo, gluten free, packed with flavor and done in under an hour! Made with just a few ingredients, it’s tasty and easy to make!


This recipe is one that I always turn to when I’m feeling uninspired + need to get dinner on the table, or if just want something plain delicious.

This was one of those recipes that as I was making it I was a little skeptical.. Would the flavor be right? Would the sauce be thick enough or would I just be eating chicken coated in a weird orange juice mixture?? So many questions. Buuuut thankfully that didn’t happen!



The flavor was so on point. A little bit sweet, just the right amount of spice. It was perfectly thick and had the same consistency of the amazing sauce you get at a restaurant!

Healthy Orange Chicken Recipe
Skip the takeout and make this Healthy Orange Chicken Recipe for dinner! A simple, delicious dinner that is paleo, gluten free, packed with flavor and done in under an hour!



Ingredients

  • 4 boneless, skinless chicken breasts, cleaned + cut into 1 inch cubes
  • 4 cups steamed broccoli
  • 2 tbsp toasted sesame oil

Sauce

  • 2.5 cups orange juice
  • 1/2 cup chicken stock
  • 1/4 cup coconut aminos
  • 2 tsp sriracha
  • 3 tbsp honey
  • 1 tbsp orange zest
  • 1 tbsp fresh or ground ginger
  • 1 tsp garlic powder
  • 1 tsp pepper
  • 1/4 tsp red pepper flakes (optional if you prefer less spicy)

Instructions

  1. In a large frying pan, cook the cubed chicken in the toasted sesame oil until the edges are brown and slightly crispy (Approx 5-10 minutes)
  2. As the chicken is cooking, stir together the sauce mixture in a separate bowl
  3. Once the chicken is thoroughly cooked remove it from the pan and place it off to the side in a separate bowl.
  4. Pour the sauce mixture into the same pan you cooked the chicken in.
  5. Bring the sauce mixture to a boil for 15-20 minutes, stirring every minute or so until it starts to thicken. (You will know it has thickened when you scrape the pan and it pulls away from the pan)
  6. When the sauce thickens, add the cooked chicken back in + stir to coat the chicken
  7. Serve over steamed broccoli or zucchini noodles for a paleo option, or rice/quinoa. 
  8. Sprinkle with sesame seeds + enjoy!

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