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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!

CHICKEN MADEIRA RECIPE

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This Chicken Madeira recipe is even better than the cheesecake factory version !!
Chicken breasts are smothered in mozzarella cheese, the most delicious mushroom sauce, and served alongside asparagus. The perfect dinner for any occasion !


The chicken madeira – you just can’t go wrong with golden brown chicken, melty cheese, amazingly delicious mushroom sauce and asparagus.

You can serve this chicken madeira with my VEGAN MASHED POTATOES WITH GARLICKY KALE  ,but rice or pasta would also be good choices. I had no trouble finding madeira wine at the grocery store, you can check both the cooking wine and drinking wine sections to find it. Don’t skip the madeira wine here, it’s what makes this dish totally unique!

CHICKEN MADEIRA RECIPE
This chicken madeira recipe is even better than the Cheesecake Factory version! Chicken breasts are smothered in mozzarella cheese, the most delicious mushroom sauce, and served alongside asparagus. The perfect dinner for any occasion!



Ingredients
For the chicken:
  • 1 tablespoon olive oil
  • 1 lb boneless skinless chicken breasts thin cut variety
  • 1/2 cup mozzarella cheese
  • salt and pepper to taste
For the sauce:
  • 8 ounces mushrooms sliced
  • 1 1/2 cups Madeira wine
  • 1 1/2 cups beef broth
  • 2 tablespoons butter
  • 1 1/2 tablespoons cornstarch dissolved in 2 tablespoons cold water
  • salt and pepper to taste
For serving:
  • 1 lb asparagus stalks trimmed
  • salt and pepper to taste
  • 1 tablespoon chopped parsley
  • cooking spray
Instructions
  1. Heat the olive oil in a large pan over medium high heat. Season the chicken breasts on both sides with salt and pepper to taste.
  2. Place the chicken in the pan and cook for 4-5 minutes on each side until golden brown and cooked through. Remove the chicken from the pan; place on a plate and cover to keep warm.
  3. Add the mushrooms to the pan and season to taste with salt and pepper. Cook until softened, 4-5 minutes. 
  4. Add the wine and beef broth to the pan; simmer for 7-9 minutes or until liquid is reduced by half. 
  5. Add the cornstarch and stir until smooth. Bring the mixture to a boil and cook for 1 minute or until thickened. Stir in the butter until melted and incorporated into the sauce.
  6. Preheat the broiler. Place the chicken and asparagus on a sheet pan coated in cooking spray. Season the asparagus with salt and pepper and sprinkle the cheese over the chicken.
  7. Broil for 3-4 minutes or until cheese is melted and asparagus is just tender. Remove the pan from the oven. Place a chicken breast and some asparagus onto each of 4 plates.
  8. Pour the mushroom sauce over each chicken breast and serve, topped with parsley.
Nutrition Facts
Chicken Madeira
Amount Per Serving
Calories 379Calories from Fat 135
% Daily Value*
Total Fat 15g23%
Saturated Fat 6g30%
Cholesterol 98mg33%
Sodium 614mg26%
Potassium 952mg27%
Total Carbohydrates 11g4%
Dietary Fiber 2g8%
Sugars 4g
Protein 32g64%
Vitamin A23.2%
Vitamin C10.8%
Calcium11.7%
Iron19.9%
* Percent Daily Values are based on a 2000 calorie diet.


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