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!

TOMATO, CUCUMBER, AVOCADO SALAD

This tomato, cucumber, avocado salad is an easy, healthy, flavorful salad.  It’s crunchy, fresh and simple to make.  It’s a family favorite and ready in less than 15 minutes.


I love a good, easy to make avocado salad and this one is one of my favorites.

It’s a quick and easy salad to put together that uses just a couple of fresh, summer veggies.  Juicy cherry tomatoes, cool, crunchy cucumber and creamy avocado.

I’ve added some salty feta, red onion and a little minced parsley as well.  Toss with a simple red wine vinaigrette and the salad is ready in under 15 minutes.

Tips for making this recipe:

  • Wondering how to tell if an avocado is ripe?  Just hold it in your palm and squeeze gently.  Ready to eat avocados will be firm but yield slightly to gentle pressure.  Don’t squeeze it with your fingers though – that can cause bruises.
  • Because this is such a simple salad, presentation means a lot.  So try and cut all your ingredients to be roughly the same size.
  • Soak the red onion slice in a little water, for a couple of minutes, before mincing.  This will remove some of the raw onion taste.
  • Avocado does not refrigerate well.  So if you are not eating it right away, wait to add the avocado until just before serving.
  • It you want to make a vegan version of this tomato, cucumber, avocado salad then substitute kalamata olives for the feta cheese.
TOMATO, CUCUMBER, AVOCADO SALAD RECIPE
This tomato, cucumber, avocado salad is an easy, flavorful summer salad.  It’s crunchy, fresh and simple to make.  It’s a family favorite.


INGREDIENTS
  • 1 1/2 cups of chopped tomatoes – I used cherry tomatoes
  • 1 cucumber – peeled and seeded then diced
  • 1 avocado – diced
  • 4 oz feta cheese – cubed
  • 2 tbs minced red onion
  • 1 handful parsley – minced – about 2 tbs
  • 2 tbs olive oil
  • 1 tbs red wine vinegar
  • 8 twists of black pepper from a pepper mill
INSTRUCTIONS
  1. Chop tomatoes into a medium dice. If using cherry tomatoes, cut in half. Add to a bowl.
  2. Peel and seed one cucumber and dice. Add to bowl.
  3. Remove pit, dice avocado and using a spoon scoop out the avocado from the peel. Add to bowl.
  4. Cube feta and add to bowl.
  5. Add minced red onion and minced parsley to bowl.
  6. Whisk together olive oil, red wine vinegar and black pepper – pour over salad.
  7. Toss gently so the feta and avocado don’t break up. Serve immediately.
  8. If refrigerating – keep the avocado aside and add before serving.

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