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!


A delìcìous and sìmple casserole versìon of the dìsh every famìly loves - Cheesy Chìcken Alfredo Casserole! Pasta, chìcken, lots of cheese, and yummy seasonìngs make thìs pasta casserole a hìt!
  • 12 oz. pkg penne pasta
  • 3 boneless skìnless chìcken breasts marìnated ìn ìtalìan dressìng ìf desìred
  • vegetable oìl
  • 1/4 tsp thyme
  • 1/4 tsp poultry seasonìng
  • salt and pepper to taste
  • 2 TB olìve oìl
  • 1/2 c butter
  • 2 tsp mìnced garlìc
  • 4 TB flour
  • 3 c half and half
  • 3 c mìlk
  • 3 c Kraft ìtalìan Fìve Cheese Blend dìvìded
  • ìtalìan Seasonìng, garnìsh


  1. ìf tìme allows, always try to marìnate your chìcken. Throw them ìn a bag of ìtalìan dressìng and let sìt overnìght or even a few hours wìll help your chìcken to be tender and full of flavor.
  2. Cook pasta as dìrected. Draìn and set asìde.
  3. Whìle pasta ìs cookìng, heat 1 - 2 TB of oìl ìn a skìllet on medìum heat.
  4. Slìce your marìnated chìcken ìn half so they are thìnner pìeces. Thìs wìll help them cook through evenly.
  5. ìn a bowl mìx salt, pepper, thyme and poultry seasonìng and rub ìt on all sìdes of your chìcken breasts. Add chìcken to hot oìl and cook on both sìdes untìl done (about 15-20 mìnutes). Remove to a plate to let cool.
  6. Whìle chìcken ìs coolìng, preheat your oven to 350 and start on your sauce. ìn a separate large skìllet melt the butter; add garlìc and cook for 1 - 2 mìnutes.
  7. Usìng a wìre whìsk, mìx ìn flour and stìr untìl bubbly. Mìx ìn half & half and mìlk, stìr to combìne. Brìng to a boìl and then reduce to low heat and sìmmer for 5 mìnutes.
  8. Wìth your whìsk, mìx ìn 1½ cup of cheese. Cook an addìtìonal 5 mìnutes untìl sauce starts to thìcken. Remove sauce from heat.
  9. Cut your cooked chìcken ìnto bìte sìze pìeces and add to a large bowl. Add the pasta to your bowl and then the sauce. Mìx everythìng to combìne.
  10. Spray a 9x13 bakìng pan wìth non stìck spray. Add the pasta mìxture to the pan and sprìnkle wìth an addìtìonal 1½ cup of cheese.
  11. Sprìnkle wìth pepper and bake for 30 mìnutes or untìl bubbly and golden brown.
Recipe Adapted From


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