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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!

Grilled Cheesy Garlic Potatoes

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Easy and cheesy, these Grilled Cheesy Garlic Potatoes are cooked in foil until tender and flavorful.  They’re the perfect BBQ side dish, and clean-up is a breeze!
This is a fairly quick recipe to throw together. The most time intensive part is cutting the potatoes down to cubes about ¾” to a side. No, you don’t need to break out the calipers. But the more consistent you are, the more evenly your potatoes will cook. Cutting them into bite size pieces not only makes them more convenient to eat, but it also allows them to cook faster.  The whole surface area to mass ratio trick.  Sorry, my inner nerd is leaking through.  But suffice to say, a potato cut into pieces will cook much faster than a whole potato.

Easy Cheesy
Then it’s a matter of tossing the potato with the seasoning and wrapping it in aluminum foil before placing it on the grill.  It’s mostly hands off from here, although at one point you’ll have to flip the package.  Start with a large piece of foil, it’s a lot easier to make that work than trying to squeeze it all into a small piece of foil.  But the most important part is five minutes before the end when you add the cheese.  Oh yes, the luscious, delicious cheese.  The rich, melty, cheddar and the sharp, salty tang of the parmesan reggiano combine with the hearty potatoes to make a great side to most any grilled meat.  Feel free to add your favorite cheese.  Or just more.  Yes… more cheeeeese…  And I suppose you can dress it up with a little greenery like parsley or chives.  If you like being fancy and stuff.

So there you have it: Grilled Cheesy Garlic Potatoes, an easy, hearty side dish that you can serve alongside all your favorite grilled food.  Or favorite non-grilled food.  Or just on its own.  It’s pretty tasty.

Easy and cheesy, these Grilled Cheesy Garlic Potatoes are cooked in foil until tender and flavorful. They're the perfect BBQ side dish, and clean-up is a breeze!

Ingredients
  • 6 medium baking potatoes, cubed into bite sized pieces
  • 1 large white onion, sliced
  • 3 tablespoons butter, sliced
  • 1 tablespoon olive oil
  • 4 cloves garlic, minced
  • 1 teaspoon chopped fresh parsley
  • Salt and pepper to taste
  • Nature's Seasoning (or other seasoning blend), to taste
  • 1 cup shredded Cheddar cheese
  • ½ cup shredded Parmesan

Instructions
  1. Pre-heat the grill on high.
  2. Cut the potatoes into a ¾" dice.
  3. Toss the potatoes with everything besides the cheese or parsley. Spray a large piece of aluminum foil with cooking spray, and seal all the ingredients in foil pouch.
  4. Cook for 10 minutes on the grill, turn over, and cook for another 10 minutes until the potatoes are tender.
  5. Open the packet, sprinkle with cheese, reseal, and cook for an additional 5 minutes until the cheese is melted.

Notes
Adapted from Allrecipes.com

Recipe Source:readytoyumble.com

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