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!

Filipino Pork Barbecue Recipe

The Filipino Pork Barbecue (Pork BBQ) is everyone’s favorite where the skewers are grilled on fire right in front of you.  It is a marinated slice of pork thread on a skewer and grilled to perfection. During summer vacation, it is the time for me and my family to relax, sit back, and get a sunburn, play and having fun.  It is the only thing that as a family really look forward every year.  A relaxing picnic with my family and friend is the perfect way to enjoy a beautiful summer’s day.  This Pork Barbecue Recipe is one of my favorites aside from the Filipino Chicken Barbecue and my family always request every time we have a swimming.  This Pork Barbecue tastes great and I was able to cook them for a family picnic.
  • 1 Kilo Pork Belly, slice in 1-inch cuts
  • 1 Tsp. Garlic, finely minced
  • ½ cup - Soy Sauce
  • ¼ cup - Calamansi Juice
  • ½ cup - Banana or Tomato Catsup
  • 1 Can Sprite or 7-Up
  • ½ cup - Brown Sugar
  • 1 Tsp. Salt
  • 1 Tsp. Ground Black Pepper powder
  • Bamboo skewers - pre-soak for 20 minutes before placing skewered meat

  1. In a Bowl, Mix all the marinated ingredients together.
  2. Minced garlic, soy sauce, calamansi juice, Ketchup, half of the ginger ale, salt, black pepper.
  3. Leave the ½ cup of the marinade plus the sugar, aside from the grilling glaze.
  4. Pour the rest of the marinade on the Pork.
  5. Keep in a bowl.
  6. Cover the Pork with plastic wrap and refrigerate overnight.
  7. Pre-soak the bamboo skewers in hot water for 15 minutes.
  8. Skewer the Pork on a bamboo stick with up to 6 pieces per stick.
  9. Prepare the Grill and Pre-Heat.
  10. Prepare the remaining Sauce / Marinate from the day before.
  11. Add Sugar and the remaining Ale.
  12. Grill the barbecued pork, about 10 minutes on each side while rotating the skewers.
  13. Total grilling time should take about 20 minutes.
  14. Baste the pork barbecue every few minutes so that it gets moist and shiny.
  15. When cooked, serve hot with "Atsara" or Hot Rice.


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