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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!

TORTELLINI MINESTRONE SOUP

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TORTELLINI MINESTRONE SOUP
This Tortellini Minestrone Soup is loaded with veggies and packed with delicious flavor! Ready in just 30 minutes!
Being a food blogger, I sometimes have to laugh at how often I don’t feel like making dinner. Because I’ve just spent the entire day in the kitchen. Because I always feel the pressure to make something blog-worthy. Because half the time, it feels like no matter what I end up making, my kids will find a way to turn their noses up at it. Which kinda sorta takes the fun out of it…you know what I mean?
So when my good friend Amy, from the blog Belly Full, came out with this cookbook….I could not have been more excited. I first met Amy about a year and a half ago on a retreat in Carmel, California. We became fast friends and I absolutely love her sense of humor and straightforward personality. And her cookbook? It’s exactly what I would have pictured her writing! It’s called Good Fast Eats, and I honestly think it was MADE FOR ME! It’s filled with delicious, nutritions meals that are quick and easy to make. Aka every mom’s dream! And I’m not exaggerating when I say that everything looks amazing.
It’s divided into 7 main categories, including vegetarian options, soups, and even desserts! And best of all, there’s a gorgeous, full sized photo for every. single. recipe. So you know exactly what you’re aiming for. Since the weather is finally starting to cool down, I couldn’t wait to dive into the soups….and when I did, this Tortellini Minestrone instantly jumped out at me. Because minestrone soup is one of my favorites! And tortellini is pasta perfection.
So here’s how it went. I started making it….and then….I was done! Just like that. Sure, it required some chopping of vegetables, and of course, it needed some occasional stirring, but aside from that? This soup makes itself. The flavors are simple and spot on, the seasoning is just right, and I love the fact that it’s a dinner I feel great about serving my family. And you know what? They didn’t even complain. In fact, they wanted seconds! With the crusty bread on the side, of course. But seconds! Which, around here, is a major win.
The only change I made to the Good Fast Eats recipe was to add some kidney beans, because why not sneak a little extra goodness into it? Especially if my kids are going to eat it!? Aside from that, I followed the instructions to a T. And it couldn’t have been any easier….or any more perfect for fall! Other recipes I can’t wait to try? Cauliflower Cheddar Soup, Eggs in Purgatory (yum!), Baked Breakfast Taquitos, Grilled Fish Tacos, Sweet and Sour Chicken….and after seeing these One-Bowl Fudgy Brownies yesterday, I must try those, too! I honestly see this becoming one of our go-to cookbooks for family dinners. And for that, I say thank you, Amy! Your cookbook is an absolute lifesaver! And your Tortellini Minestrone? It’s the best.

Tortellini Minestrone Soup
This Tortellini Minestrone Soup is loaded with veggies and packed with delicious flavor! Ready in just 30 minutes!

Prep Time 10 minutes
Cook Time 15 minutes
Total Time 25 minutes
Servings 4
Author Cathy Trochelman
Ingredients
  • 3 Tbsp. extra virgin olive oil
  • 1 medium sweet onion diced
  • 2 medium carrots sliced thin
  • 2 cloves garlic minced
  • 1/2 tsp. kosher salt divided
  • 1/8 tsp. black pepper
  • 1/8 tsp. cracked red pepper flakes
  • 6 c. low-sodium chicken broth
  • 1 can kidney beans drained
  • 1 can 15 oz. diced tomatoes with basil, garlic, and oregano, undrained
  • 1/4 c. finely grated Parmesan cheese or more to taste
  • 1 pkg. 9 oz. refrigerated 3-cheese tortellini pasta
  • 1 1/2 c. baby arugula
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Instructions
  1. Heat the olive oil in a large pot over medium-high heat.
  2. Add onion, carrots, garlic, 1/4 tsp. salt, black pepper, and red pepper flakes.
  3. Saute, stirring frequently, until the vegetables are softened, about 7 minutes.
  4. Pour in the chicken broth, along with the diced tomatoes and the remaining 1/4 tsp. salt.
  5. Bring to a boil; add kidney beans and tortellini and reduce heat to a medium simmer.
  6. Cook 8-9 minutes or until pasta is tender.
  7. Stir in Parmesan and arugula and allow greens to wilt.
  8. Ladle into bowls and sprinkle with additional Parmesan, if desired.
Recipe Notes
Recipe reprinted with permission from Good Fast Eats by Amy Flanagan, Cedar Fort, 2016




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