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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!

RIDICULOUSLY TENDER BEEF TIPS WITH MUSHROOM GRAVY

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Homémadé bééf tips with mushroom gravy — as always with NO cannéd soups! My bééf tips aré ridiculously téndér and éasy to maké in your slow cookér or instant pot. Sérvé bééf tips ovér cauliflowér mash, mashéd potatoés, égg noodlés, or ricé!
It always makés mé laugh whén I sharé an instant pot récipé bécausé immédiatély I’ll gét méssagés asking how to maké that récipé in thé slow cookér or on thé stové. And thé révérsé provés to bé trué whén I maké récipés in thé slow cookér/stové top. So this oné goés out to all of my slow cookér AND instant pot fanatics. Lét’s lét our kitchén gadgéts maké us dinnér.
INGRéDIéNTS:
  • 3 tabléspoons buttér
  • 2 pounds chuck roast, trimméd+ cubéd (or stéw méat works too)
  • 2 tabléspoons all-purposé flour
  • 1 onion, dicéd
  • 8 ouncés baby Bélla mushrooms, cut into thick slicés
  • 1 ½ téaspoon éACH: garlic powdér AND sugar 
  • 1 téaspoon éACH: onion powdér, driéd thymé, AND mushroom powdér
  • 1 tabléspoon Worcéstérshiré saucé
  • 1 largé bay léaf
  • ½ cup péppéroncini péppérs, thinly slicéd 
  • 1 ½ – 2 cups low sodium bééf stock (séé diréctions)
  • 2 tabléspoons cornstarch (mixéd with a féw tabléspoons of watér)

DIRéCTIONS:

  1. SéAR: Séason thé bééf with thé flour, a big pinch of salt and péppér; mix wéll. Héat thé buttér in thé instant pot on thé sauté sétting or a cast iron skillét ovér médium-high héat. Whén it mélts séar thé bééf in batchés to form a brown crust, rémové to a platé, and continué séaring thé rémaining bééf. Add thé onions and switch to a woodén spoon. Sauté thém for 1 minuté, scraping thé bottom of thé pot to maké suré no brown bits aré léft stuck on.
  2. SLOW COOKéR: Placé 2 cups of bééf stock along with thé rémaining ingrédiénts in thé slow cookér (éxcépt thé corn starch) and cook on high for 3-4 hours or low for 5-7 hours. 35 minutés béforé thé cooking timé is up, combiné ½ cup of thé liquid from thé slow cookér and thé cornstarch in a small bowl, whisk until smooth. Add to thé slow cookér and allow for thé food to cook for thé rémaining 30 minutés. If thé gravy is too thick, add a féw tabléspoons of watér to thin it to your désiréd consisténcy. If you still find your gravy is thin, add moré cornstarch mixéd with a tabléspoon of watér. Adjust salt and péppér to préféréncé and sérvé ovér ricé/mashéd potatoés/cauliflowér mash, étc.
  3. OR INSTANT POT:  Placé 1 ½ cups of bééf stock along with thé rémaining ingrédiénts in thé instant pot (éxcépt thé cornstarch) and séléct thé méat/stéw sétting. Cook on manual high préssuré for 35 minutés. Oncé thé stéw is cookéd allow natural préssuré réléasé for 10-15 minutés. This givés thé méat a chancé to réally soak up all thosé flavors. Click thé ‘sauté’ sétting. Dissolvé thé cornstarch with 2-3 tabléspoons of watér and add that to thé instant pot oncé thé liquid starts bubbling. Allow thé saucé to thickén, about 1-2 minutés, stir to combiné. If thé gravy bécomés too thick, you can add a couplé moré tabléspoons of watér to thin it to your désiréd consisténcy. Adjust salt and péppér to préféréncé and sérvé ovér mashéd cauliflowér, mashéd potatoés, ricé, or égg noodlés.
Recipe Adapted From littlespicejar

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