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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!

CREAMY PARMESAN MASHED POTATOES

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A few months ago we were invited over for dinner at our friend’s home. She was whipping up some creamy mashed potatoes and asked me to taste them. I wanted to know what in the world was in them because they were not only extra creamy but were buttery and cheesy at the same time.  Thankfully, she brought out her church cookbook and shared this phenomenal mashed potatoes recipe with me (and all of you, my friends)! Thanks, Chanin Warren and Jen Watkins for the recipe.
Sour Cream is a game changer in these Creamy Parmesan Mashed Potatoes. We have a HUGE Thanksgiving feast and always make plenty so we have leftovers. Years ago, we found that no one was eating the leftover mashed potatoes (made with only butter and milk). When you put traditional mashed potatoes made with only butter and milk in the refrigerator, they seize and dry out. No bueno. I found that if I add sour cream or cream cheese to my mashed potatoes, then they heat and re-heat beautifully.

If you want to elevate the flavor of mashed potatoes, add parmesan cheese. You get a lot of bang for your buck with parmesan cheese. It is one of the most flavorful and universally loved cheeses out there.  When you add parmesan to potatoes, which are a blank slate, it makes them even better.

creamy Parmesan Mashed Potatoes made with butter, half-n-half, sour cream, and parmesan cheese. These aren't your mama's mashed potatoes!

INGREDIENTS
  • 3 lbs. Potatoes, peeled and cut into pieces (russet, yukon gold, or red)
  • ½ cup Butter
  • 1½ cups Half-n-Half (or cream or whole milk)
  • ½ cup Sour Cream
  • 2 teaspoons Salt
  • ½ cup Quality Parmesan Cheese (plus ½ cup for garnish)
  • ½ teaspoon Pepper

INSTRUCTIONS
  1. Place peeled and cut potatoes and 1 Tablespoon of salt in a large pot with enough cold water to completely cover the potatoes. Bring to a boil. Once the potatoes reach a boil, lower the heat to low and cover. Cook for 25-35 minutes or until the potatoes are fork tender. Drain.
  2. In a small saucepan, heat the butter and half-n-half until butter is melted and warm, about 5 minutes.
  3. Put potatoes into the bowl of an electric mixer fitted with a paddle attachment, and mix them for 30 seconds to break up the potatoes.
  4. Slowly add butter and cream mixture, mixing at the lowest speed.
  5. Fold in sour cream, salt, parmesan cheese, and pepper
  6. Taste and season more if necessary.
  7. Garnish with ½ cup shaved parmesan cheese and pat of butter.
  8. **If you need to re-warm these mashed potatoes, add a tad more butter and half-n-half.
Recipe Source:modernhoney.com

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