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!

STEAK KABOBS WITH GARLIC BUTTER

These steak kabobs are pieces of sirloin beef skewers with mushrooms, peppers and onions, then grilled to perfection and finished off with garlic butter. An easy and hearty dinner option!


Easy dinners….what mother doesn’t love them? I’m all for cooking but I also like when I don’t have to put in a ton of effort. Those are the nights that I whip up these steak kabobs with garlic butter. I love making all kinds of kabobs but these really hit the spot when it comes to flavor!



Everyone has their own steak preference and mine is sirloin. Sirloin is what I used for my beef kabobs recipe although other cuts of steak will get the job done. I would suggest using rib eye or New York strip steak as a substitute for sirloin, although they tend to be pricier.

STEAK KABOBS WITH GARLIC BUTTER RECIPE
These steak kabobs are pieces of sirloin beef skewers with mushrooms, peppers and onions, then grilled to perfection and finished off with garlic butter. An easy and hearty dinner option!



Ingredients

  • 1 pound beef sirloin cut into 1 inch pieces
  • 1 cup mushrooms
  • 1 green bell pepper seeded, cored and diced into 1 inch pieces
  • 1 red onion cut into 1 inch pieces
  • 2 teaspoons olive oil
  • salt and pepper to taste
  • 3 tablespoons butter
  • 1 teaspoon minced garlic
  • 1 tablespoon chopped parsley

Instructions

  1. Heat a grill or indoor grill pan to medium high heat.
  2. Thread the beef, mushrooms, pepper and onion onto skewers.
  3. Brush the meat and vegetables with olive oil and season generously with salt and pepper.
  4. Place the kabobs onto the grill and cook for 4-5 minutes per side.
  5. Melt the butter in a small pan over medium low. Add the garlic and cook for 1 minute. 
  6. Remove the pan from the heat and stir in the parsley and salt and pepper to taste.
  7. Brush the garlic butter all over the steak kabobs, then serve.
  8. Broiler directions: Prepare the skewers as directed and place on a sheet pan coated with cooking spray. 
  9. Broil for 4-5 minutes per side. Continue with the recipe as directed
Nutrition Facts
Steak Kabobs with Garlic Butter
Amount Per Serving
Calories 253Calories from Fat 126
% Daily Value*
Total Fat 14g22%
Saturated Fat 7g35%
Cholesterol 84mg28%
Sodium 143mg6%
Potassium 550mg16%
Total Carbohydrates 4g1%
Dietary Fiber 1g4%
Sugars 2g
Protein 25g50%
Vitamin A7.4%
Vitamin C32.1%
Calcium3.4%
Iron12.8%
* Percent Daily Values are based on a 2000 calorie diet.

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