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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!

Tuscan Shrimp and Spinach Soup

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Tuscan Shrimp and Spinach Soup
Everyday recipes with a touch of creativity
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The best shrimp soup to cozy up this winter! It is amazingly comforting, quick and everyone will beg for seconds.
This easy shrimp soup is the YUMMIEST!
How do I know? I made a sauce version to be served on pasta which is probably the best sauce ever.
I have been soaking chunks of crusty bread and enjoying all week long.
What’s more comforting than carbs, right?
Well, if carbs is not your thing then this is insanely good as is. 
This Italian shrimp soup has been one of the most popular recipes on my blog. It is certainly one of the best shrimp recipe out there. 



Tuscan Shrimp and Spinach Soup
The best shrimp soup to cozy up this winter! It is amazingly comforting, quick and everyone will beg for seconds.
Course Soup
Cuisine Italian
Prep Time 6 minutes
Cook Time 10 minutes
Total Time 16 minutes
Servings 2
Author Maria Doss

Ingredients
  • 2 tablepsoons olive oil
  • 20-24 medium shrimp (about 1/2 pound) peeled, deveined and patted dry
  • 2 tablepsoons butter salted or unsalted
  • 1/2 cup finely chopped onion
  • 2 large garlic cloves finely chopped
  • 1/4 teaspoon red pepper flakes
  • 1 tablespoon all purpose flour
  • 1 14.5 ounce can chicken stock
  • 1/2 cup heavy cream
  • 1/4 cup milk refer notes
  • 1 teaspoon Italian seasoning
  • 1/4 cup grated parmesan
  • 2 handfuls baby spinach chopped or left whole
  • 1/2-1 teaspoon salt refer notes
  • 1/4 teaspoon pepper powder
Instructions
  1. Add olive oil into a medium pan and place over high heat. When hot, place shrimp in a single layer, cook for one minute (without disturbing), turn them over and cook for an additional 30 seconds or cooked. Transfer shrimp to a plate and return pan back to heat, Reduce heat to medium. 
  2. Add butter. Once melts, add onion, garlic and red pepper flakes. Cook for 1-2 minutes until translucent. Stir in flour and saute for about 30 seconds, until raw smell of flour is gone. 
  3. Add remaining ingredients (one can stock, 1/2 cup heavy cream, 1/4 cup milk, 1 teaspoon Italian seasoning, 1/4 cup parmesan, 2 handfuls spinach, salt and pepper). Increase heat to high, let it come to a boil and cook for about 2 minutes until spinach is wilted. Take off heat, stir in shrimp along with any accumulated juices. 
  4. Serve hot with a crusty bread, if desired. 
Recipe Notes
Salt depends on the stock that you are using and your taste preference. So, use 1/2 teaspoon and add more at the end, if desired.
A total of 3/4 cup heavy cream may be used leaving out milk.
Some products used for this recipe:



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