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!

CREAMY CAJUN LINGUINE : A SMALL BATCH RECIPE FOR TWO.

I crave creamy pastas.  Do you ever have similar experiences?  I can literally be sitting at my desk during the day, dreaming of dinner, and oftentimes my dreams tend to lean towards spicy, creamy pastas.  Like this creamy cajun linguine.
Creamy cajun linguine is such a keeper in our household.  Top it with some finely chopped chives for a little kick; you won’t regret it.

Creating a simple cream sauce with garlic and spice, then coating noodles in said cream sauce is definitely one of our more favorable options.  I always enjoy looking forward to dinner, and this recipe is one that consistently does that for me.  It doesn’t get old!

Ingredients
  • 4 oz. linguine, cooked in boiling salt water
  • 2 Tbsp. butter
  • 1 Tbsp. garlic powder
  • 1 Tbsp. shallot, minced
  • 1 Tbsp. Cajun seasonings
  • 1/4 cup white wine
  • 1 Tbsp. lemon juice, fresh squeezed
  • 1/3 cup heavy cream
  • 1/3 cup half and half
  • 1/4 cup freshly grated parmesan
  • freshly cracked black pepper and salt, to taste
  • Chopped chives / green onions, for garnish

Instructions
  1. Boil linguine in salted water until al dente, then drain. (This can be done while you're making your cajun cream sauce.)
  2. In a large saucepan, melt butter over medium heat.
  3. Add shallot, garlic, cajun seasonings. Stir for about one minute.
  4. Add white wine, and cook for 3-4 minutes, stirring occasionally.
  5. Add lemon juice, cook for one minute (stir a time or two).
  6. Slowly stir in the heavy cream, then the half and half. Allow both to cook in for about 4-5 minutes, stirring occasionally. Turn heat to low, and allow to thicken for 1-2 minutes.
  7. Remove from heat. Grate in the parmesan, and mix in thoroughly. Add salt and pepper to taste.
  8. Add cooked linguine, and toss to coat. Garnish with thinly diced green onion
Notes
If you want a LOT of cream sauce, use1/2 cup each of half and half and heavy cream, rather than 1/3 cup.

By sara rose : a flavor journal.

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