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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!

BEEF TOMATO-BARLEY SOUP

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"It has finally stopped snowing", she said quietly as she knocked on wood. We actually saw the sun today and they are calling for more sun tomorrow; it has been quite a winter!! My poor old crock pot has hardly hit the shelf this winter; it seems like there is always some bean or soup recipe bubbling away in there. 

Today's post is one of picky-picky husbands crockpot favorites. It is very rich, very beefy, very filling and it just keeps getting better and better the longer it cooks.

I was a young bride when I tried to make  home made beef soup the first time and it was terrible (I think it called for a ton of bay leaves). I remember cooking it all day and wanting it to taste as good as it looked, but we just couldn't eat it.

I didn't give up though, I tried all kinds of magazine recipes; some had a ton of herbs; some had onion soup mix; some had Italian salad dressing mix in it; I tried them all, with little success. I decided to go back to a no frill vegetable soup recipe.  I tweaked it for years until it evolved into the recipe I'm posting today. Picky-picky husband is crazy about this soup and loves to dip hot buttered bread rolls into it.

2 pounds beef chuck roast
1 cup onion chopped
1 cup celery chopped
2 cups carrot chopped
4 large potatoes cubed
2/3 cup pearl barley (don’t leave out)
(2) 32 ounce boxes beef broth
(1) 15 ounce can tomato sauce
½ teaspoon black pepper
(2) heaping teaspoons beef bullion granules 

Cut the beef into 1” cubes, removing as much fat as possible. Brown beef in a minimal amount of vegetable oil until beef is nice and crusty brown (this is where the majority of your soup flavor will come from, so don't skip this step).
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Remove beef from fry pan and drain off as much fat as you can; add onion, celery and carrots. Using the moisture from the veggies, de-glaze any crusty brown bits on the bottom of the pan. If the brown bits are stubborn, add a table spoon of water and use your spatula to scrape up the fond . Cook until onions are transparent. 
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Put the beef and sauteed vegetables in the crockpot and add the rest of the ingredients, stir well. Cook on low for 8 hours.
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NOTE: Do not leave out barley. It not only gives a wonderful flavor to the soup, but it thickens the broth. 

NOTE: Put any vegetables you like in the soup, just make sure they are vegetables that can stand up to long cooking times.

NOTE: Taste the soup for salt when it is almost done cooking.


more recipe @ coleensrecipes.blogspot.com

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