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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!

Slow Cooker Pork Chop Stroganoff

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Slow Cooker Pork Chop Stroganoff

These savory stroganoff-style pork chops are a real family pleaser. Easy too!
I think I love pork chops about as much as I do chicken! They had a great sale at a local store a couple of weeks ago so I have a freezer full of them.

Mushrooms were on sale too–the baby bellas–and I wanted to use them so I didn’t forget them! Food has a way of getting lost in my fridge

The secret to the great taste in these chops is twofold–using bone-in chops because bone imparts great flavor to any gravy or sauce and funny enough, the package of pork gravy



Big flavors from few ingredients!

For the best flavor, make sure to brown the chops then deglaze the skillet with the water. It’s an extra step, but it is SO worth it. You won’t get the great flavor if you just stick the chops in the cooker raw. I’ve taken to browning all meat I put in the crock pot. The difference in taste is enormous. It’s worth the time!


Just a few ingredients

Remember your slow cooker is a fantastic summer kitchen appliance because it doesn’t heat your kitchen! I always tended to think it was more of a winter thing because of the type of food usually cooked in it. I was wrong! For summer meals, it’s the best thing since sliced bread!

SLOW COOKER PORK CHOP STROGANOFF

PREP TIME 10 mins
COOK TIME 8 hours
TOTAL TIME 8 hours 10 mins
Author: Judith Hannemann

INGREDIENTS
  • 4 large bone-in rib pork chops
  • 1 tbs butter
  • 8 oz sliced mushrooms (I used baby bellas)
  • 1 can (10.75 oz) cream of mushroom soup
  • 1 envelope pork gravy mix
  • ½ cup water
  • ⅓ cup sour cream
INSTRUCTIONS
  1. Mix the soup and the gravy mix in a small bowl. Add to the slow cooker. Add mushrooms on top of soup mixture.
  2. Brown pork chops in butter in a large skillet. Transfer to slow cooker after browning, placing on top of soup/mushrooms
  3. Deglaze the skillet with the ½ cup water; pour over pork chops in slow cooker.
  4. Cover and cook on low 6-8 hours. Remove pork chops to serving platter. Mix in the ⅓ cup sour cream, mixing until smooth. Serve sauce on top of chops.

Slow Cooker Pork Chop Stroganoff


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