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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!

PARMESAN CRUSTED CHICKEN

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PARMESAN CRUSTED CHICKEN
This Parmesan Crusted Chicken is an easy meal idea. We use pounded thin chicken breasts, coat in a delicious Parmesan coating, and then fried to make them crispy. Add this chicken idea to your dinner this week.
PARMESAN CRUSTED CHICKEN
Tired of the same old chicken breast recipes? If so, you are going to want to make this Parmesan Crusted Chicken recipe. I normally make chicken recipes for dinner a couple of times per week. My family loves it when I make some of our favorites like Easy Chicken Pot Pie Casserole or our Red Hot Chicken. Those are go to chicken recipes.
Lately, I have been trying to introduce some new chicken recipes. I always find chicken breasts for a great price at Kroger. So last week, I made our Potato Chip Chicken that the entire family really enjoyed. I made it again the very next evening with sour cream and cheddar chips and it was also a hit.
I never use to pound my chicken to make it thinner. I have changed my ways. When I butterfly our chicken breasts and pound them flat, they cook so much quicker. When we have a busy evening, time saving recipes are always a must. For this Parmesan Crispy Chicken, the pounding method saves me from spending way too much time in the kitchen.
I knew this chicken breast recipe was going to be a favorite with my family. They love crispy coated chicken. Every one of them came back for seconds. I am super happy to have another chicken recipe to add into our dinner rotations.
The breasts fried so perfectly. They all kept their coating because I was careful to allow them to get cooked well before attempting to even peek at them. If you attempt to peek and flip them too soon, the coating will not stick to your chicken. Be sure to wait until you know the parm has had enough time to cook on to your chicken.
This Parmesan Crusted Chicken requires only a few ingredients. It makes for a super simple weeknight meal. Be sure to use shredded Parmesan cheese. Grated Parmesan will NOT work. I used butter to coat my pan. The butter really adds a great flavor to the chicken and allows it to cook so perfectly.
INGREDIENTS TO MAKE PARMESAN CRUSTED CHICKEN
  • 2 lb Boneless Skinless Chicken Breast
  • 1 Egg
  • 1 tbsp Water
  • 1 tsp minced Garlic
  • 1/2 tsp Salt
  • 1/2 tsp Black Pepper
  • 2 cup Shredded Parmesan Cheese
  • 4 tbsp Butter
HOW TO MAKE PARMESAN CRUSTED CHICKEN
  1. Cut each breast in half and pound to about 1/2″ thick.
  2. Beat egg and water in a shallow bowl until blended.
  3. Add garlic, salt and pepper and whisk to blend.
  4. Place parmesan in another shallow bowl.
  5. Dip each piece of chicken in egg mixture making sure to coat.
  6. Allow excess egg to drip off.
  7. Place in parmesan. Sprinkle more parmesan over top. Gently press, then turn and repeat on other side. Shake off excess. Repeat with remaining chicken.
  8. Place butter and oil in a large skillet over high heat.
  9. Place chicken and do not move until edges brown (so that cheese sticks to chicken, about 3 minutes).
  10. Lightly press with spatula then turn over and again do not move until browned.
  11. Lightly press with spatula and remove to serving plate.
Do you have a favorite chicken breast recipe that you make frequently?
Parmesan Crusted Chicken
This Parmesan Crusted Chicken is an easy meal idea. We use pounded thin chicken breasts, coat in a delicious Parmesan coating, and then fried to make them crispy. Add this chicken idea to your dinner this week.
CourseMain Course
CuisineAmerican

Ingredients
  • 2 lb Boneless Skinless Chicken Breast
  • 1 Egg
  • 1 tbsp Water
  • 1 tsp minced Garlic
  • 1/2 tsp Salt
  • 1/2 tsp Black Pepper
  • 2 cup Shredded Parmesan Cheese
  • 4 tbsp Butter
Instructions
  1. Cut each breast in half and pound to about 1/2" thick.
  2. Beat egg and water in a shallow bowl until blended.
  3. Add garlic, salt and pepper and whisk to blend.
  4. Place parmesan in another shallow bowl.
  5. Dip each piece of chicken in egg mixture making sure to coat.
  6. Allow excess egg to drip off.
  7. Place in parmesan. Sprinkle more parmesan over top. Gently press, then turn and repeat on other side. Shake off excess. Repeat with remaining chicken.
  8. Place butter and oil in a large skillet over high heat.
  9. Place chicken and do not move until edges brown (so that cheese sticks to chicken, about 3 minutes).
  10. Lightly press with spatula then turn over and again do not move until browned.
  11. Lightly press with spatula and remove to serving plate.



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