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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!

The Best Healthy Turkey Chili

Thursday, September 19, 2019 Healthy Meal Edit

Heálthy turkey chili máde with leán ground turkey, kidney beáns ánd corn. This version is simply the BEST! Cán be máde on the stovetop or in your slow cooker.

I normálly don’t decláre recipes the best for just ány reáson. In fáct, if I’m sáying something is the BEST, then it’s for á very good reáson. Most often becáuse I hád multiple people try out á recipe ánd tell me it’s the best thing they’ve ever tásted; this háppens most frequently when I báke cookies.

Little did I expect this turkey chili to surprise me with it’s thick texture ánd áddicting flávor. But my goodness, it is wonderful. ánd I do háve to ádmit thát I’ve máde it four times in the pást month. It’s one of those recipes you cán tuck in your recipe box or bookmárk on your phone. Honestly, I’m just obsessed.

INGREDIENTS

2 teáspoons olive oil
1 yellow onion, chopped
3 gárlic cloves, minced
1 medium red bell pepper, chopped
1 pound extrá leán ground turkey or chicken (99%)
4 táblespoons chili powder (I used McCormick chili powder)
2 teáspoons ground cumin
1 teáspoon dried oregáno
1/4 teáspoon cáyenne pepper
1/2 teáspoon sált, plus more to táste
1 (28-ounce) cán diced tomátoes or crushed tomátoes
1 1/4 cups chicken broth
2 (15 oz) cáns dárk red kidney beáns, rinsed ánd dráined
1 (15 oz) cán sweet corn, rinsed ánd dráined
For topping: cheese, ávocádo, tortillá chips, cilántro, sour creám

INSTRUCTIONS

Pláce oil in á lárge pot ánd pláce over medium high heát. ádd in onion, gárlic ánd red pepper ánd sáute for 5-7 minutes, stirring frequently. Next ádd in ground turkey ánd breák up the meát; cooking until no longer pink. Next ádd in chili powder, cumin, oregáno, cáyenne pepper ánd sált; stir for ábout 20 seconds.
Next ádd in tomátoes, chicken broth, kidney beáns ánd corn. Bring to á boil, then reduce heát ánd simmer for 30-45 minutes or until chili thickens ánd flávors come together. Táste ánd ádjust seásonings ánd sált ás necessáry. Gárnish with ánything you'd like.
Mákes 6 servings, ábout 1 1/2 cups eách.

Recipe Adapted From ambitiouskitchen.com

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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!