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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!

CRISPY BAKED CHICKEN

, Edit
Do you gather with family for Easter? Now that we are back in Arizona, we do, and we always have a HUGE Easter dinner. We gather with the whole Luna clan and my mom and sisters get together for lunch weeks before to figure out the menu (similar to what they do for Thanksgiving). I tend to have different assignments each year, but this year I was assigned the chicken. Yes, we like to have a variety of meats served at the holiday dinner, and usually have ham, a roast, and a chicken dish.

We had recently tried a recipe for Crispy Baked Chicken that was loved by the whole family, so my mom requested that recipe. I was happy to make it because it was easy and really was so delicious. It may be because it’s smothered in sour cream, cheese and crushed crackers and then topped with a creamy sauce. The recipe actually calls for chicken breasts, but since I was trying to feed a lot I ended up using breast tenders. They are about the third or even a quarter the size of large chicken breast, but they worked perfectly for our Easter dinner!!
I was excited to see that the chicken was all gone in a matter of minutes and several family members asked for the recipe. We had gotten it from Just a Pinch, but we made a few adjustments that we think made the recipe event better!! Give it a try yourself and let us know what you think. 😉

This Crispy Cheddar Chicken is baked chicken coated in sour cream, cheese and ritz cracker crumbs and topped with a delicious, creamy sauce - it's our new go-to dinner recipe!

INGREDIENTS
  • Chicken
  • 4 large boneless skinless chicken breasts cut in half
  • 2 sleeves Ritz crackers
  • 1/4 tsp salt
  • 1/8 tsp pepper
  • 1/2 cup sour cream
  • 3 cups grated cheddar cheese
  • 1 tsp dried parsley
  • fresh parsley for garnish
  • Sauce
  • 1 can cream of chicken soup
  • 1/8 cup sour cream
  • 2 tbsp butter
  • 2 tbsp milk

INSTRUCTIONS
  1. Preheat oven to 375.
  2. Place crushed crackers in a shallow dish along with salt and pepper. Also place sour cream in a separate baking dish and cheese in another separate dish as well.
  3. Begin by dipping each breast half into sour cream, coating all sides and then place in cheese dish, coating with shredded cheese. Then, place each breast into cracker mixture until well coated.
  4. Place into a greased 9x13. Cover and bake for 50-55 minutes.
  5. Remove foil and bake an additional 10 minutes or until edges are golden brown.
  6. As chicken is finishing cooking, place sauce ingredients into a small pot and cook on medium high heat. Stir until well combined and serve over chicken along with fresh parsley. ENJOY!

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