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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!

KETO THREE CHEESE CAULIFLOWER MAC AND CHEESE CUPS

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These Keto Three Cheese Cauliflower Mac and Cheese Cups are an easy way to control portions while enjoying a delicious, low carb pasta substitute.


Cauliflower is not Macaroni. I know. I get it. It’s a popular healthy substitute, but I’m not going to pretend that it tastes the same.


The ingredients are simple, savory, and sooo delicious. I assembled this recipe in a jumbo muffin tin (if you don’t have one, I’d highly recommend it) and lined each cup with __ strips of prosciutto before adding the cauliflower.

The saltiness from the prosciutto/bacon will definitely help balance the cheesiness of the cauliflower. After this comes out of the oven!

KETO THREE CHEESE CAULIFLOWER MAC AND CHEESE CUPS RECIPE
These Keto Three Cheese Cauliflower Mac and Cheese Cups are an easy way to control portions while enjoying a delicious, low carb pasta substitute.



Ingredients

  • 1 medium head fresh cauliflower
  • 2 tablespoons salted butter
  • 2 tablespoons diced onion
  • 2 cloves garlic, minced
  • 2 ounces cream cheese, softened
  • 1/4 cup heavy whipping cream
  • 1/2 teaspoon Italian seasoning of choice
  • Salt and Pepper, to taste
  • 1/4 teaspoon xanthan gum*
  • 1 cup spinach, sliced into strips
  • 3/4 cup white cheddar, shredded
  • 1/4 cup mozzarella, shredded
  • 12 slices prosciutto**
  • 6 tablespoons Parmesan cheese, shredded

Instructions

  1. Preheat oven to 400 degrees.
  2. Add a couple cups of water to a large pot, place steamer basket into pot above water, and bring to boil. While the water is heating, prepare cauliflower.
  3. Remove core and leaves from cauliflower. Chop into bite-size pieces. When water is boiling, carefully add cauliflower to steamer basket. Cover and let steam for 5-7 minutes or until fork tender.
  4. Prepare sauce while cauliflower is steaming. When finished, turn off heat and set aside until ready to add to sauce.
  5. Sauce
  6. In skillet over medium-low heat melt butter. Add onion and cook for 2-4 minutes until onion is tender and becoming translucent.
  7. Add garlic and softened cream cheese. Softened cream cheese will be easier to smooth into sauce. Using wooden spoon or rubber spatula, press cream cheese flat into pan to help smooth as it warms and gently stir.
  8. Pour in heavy whipping cream, seasoning, and xanthan gum. Stir ingredients until smooth, raising temperature slightly if needed to get sauce fully mixed.
  9. Add spinach, white cheddar, mozzarella to sauce and turn off heat. Continue stirring for a few minutes, until spinach begins to wilt and cheeses are fully melted and smooth.
  10. Add steamed cauliflower to pan and fold into cheese sauce. I did not remove any moisture from mine. (See notes section)
  11. Using large muffin tin (1 cup capacity) place two slices of prosciutto in X to cover the bottom of the tin and stretch up around the sides as much as possible. It may rip a little, that’s ok. Just be sure the bottom is covered.
  12. Place 1/2 cup of cheesy cauliflower mixture into prosciutto cups and top with 1 tablespoon of Parmesan.
  13. Bake for 15-20 minutes or until bubbly and brown. Serve warm.

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