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 Old Fashioned Meatloaf Recipe You Will Eat

The Best Old Fashioned Meatloaf Recipe You Will Eat
This old fashioned meatloaf recipe is one I have used forever, tweaked here and there but always came back to this original recipe. It was the recipe my grandparents used, and their parents used, so you know it's good!
The Best Old Fashioned Meatloaf Recipe You Will Eat
I LOVE to cook it in the meatloaf recipe in a glass “bread” pan that was my grandparents, and besides the chip on one side, it still does the job! I swear it makes it taste better even though I can't prove it!
Ingredients
  • 2 eggs
  • 3/4 cup milk
  • 1/2 cup fine dry bread crumbs
  • 1/4 cup finely chopped onion
  • 2 tablespoons snipped parsley
  • 1 teaspoon salt
  • 1/2 teaspoon ground sage
  • 1 1/2 pounds ground beef
  • 1/4 cup catsup
  • 2 tablespoons brown sugar
  • 1 teaspoon dry mustard
Directions for Old Fashioned Meatloaf
First, in a large bowl combine eggs and milk then stir in breadcrumbs. Next add in onion parsley, salt, sage, and 1/8 teaspoon pepper. Mix them together a few times the add in the beef and mix well. I suggest using your hands, and this is how I was taught, it mixes faster and better than using a spoon of any kind.
Shape your meatloaf into a ‘loaf' shape in not using a bread pan, though I suggest you do, or use the mini loaf pan I mentioned above. Then go ahead and bake in a 350-degree oven for 50 minutes. Then make sure to spoon off excess fat.
Keep in mind meatloaf can take longer to cook the thicker your meatloaf is. I like also making individual meatloafs for faster cooking time.
Mix together the ketchup, sugar, and dry mustard, mix it well then spread over the top of the meatloaf.
Then return to oven for 10-15 minutes. This makes about six servings.
I love serving this with mashed potatoes, green beans, and my easy 7up biscuits.
If you love meatloaf like I do but are watching the calories, we love our Healthy Brown Sugar Meatloaf Recipe.
The Best Old Fashioned Meatloaf Recipe You Will Eat
Very easy traditional old fashion meatloaf recipe.
Prep Time 1 hour 10 minutes
Cook Time 7 hours 27 minutes
Ingredients
  • 2 eggs
  • 3/4 cup milk
  • 1/2 cup fine dry bread crumbs
  • 1/4 cup finely chopped onion
  • 2 tablespoons snipped parsley
  • 1 teaspoon salt
  • 1/2 teaspoon ground sage
  • 1 1/2 pounds ground beef
  • 1/4 cup catsup
  • 2 tablespoons brown sugar
  • 1 teaspoon dry mustard
Instructions
  1. First, in a large bowl combine eggs and milk then stir in breadcrumbs. Next add in onion parsley, salt, sage, and 1/8 teaspoon pepper. Mix them together a few times then add in the beef and mix well. I suggest using your hands, and this is how I was taught, it mixes faster and better than using a spoon of any kind.
  2. Shape your meatloaf into a 'loaf' shape in not using a bread pan, though I suggest you do, or use the mini loaf pan I mentioned above. Then go ahead and bake in a 350-degree oven for 50 minutes. Then make sure to spoon off excess fat. Keep in mind meatloaf can take longer to cook the thicker your meatloaf is. I like also making individual meatloaves for faster cooking time.
  3. Mix together the ketchup, sugar, and dry mustard, mix it well then spread over the top of the meatloaf.
  4. Then return to oven for 10-15 minutes. This makes about six servings.
Nutrition Facts
The Best Old Fashioned Meatloaf Recipe You Will Eat
Amount Per Serving (6 g)
Calories 0
* Percent Daily Values are based on a 2000 calorie diet.


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