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!

the BEST Ever Spaghetti Bolognese

Best Ever Spaghetti Bolognese
There are so many variations of Spaghetti Bolognese but this has to be one of the BEST!  It takes a while to make so pour yourself a glass of red... the wait is most definitely worth it!  It tastes even better the next day so try and cook it in advance!

Serves 6-8
Prep time: 20 minutes
Cooking time: 2 hours
Ingredients
1 tbsp olive oil
100g pancetta, diced
1kg minced beef
100g fresh chicken livers
25g butter
2 onions, peeled, finely chopped
2 large cloves of garlic, finely chopped
2 carrots, finely chopped
2 sticks of celery, finely chopped
150g mushrooms, chopped
1 tsp dried oregano or a small handful of fresh leaves, chopped
1 tsp thyme or a small handful of fresh leaves, chopped
2 fresh or dried bay leaves
150ml milk
300ml red wine
1 x 400g chopped tomatoes
200g tomato puree
300ml vegetable stock
A splash of Worcestershire sauce or balsamic vinegar
Pinch of fresh grated nutmeg
Freshly ground salt & pepper
50g grated parmesan
Spaghetti, cooked per packet instructions
Grated parmesan cheese, to serve

Method

1.  In a large heavy based pan heat the oil, then stir in the pancetta and let it cook for 4-5 minutes without colouring much.  Add the mince in batches until browned and remove with a slotted spoon and set aside.

2.  Add the chicken livers to the same pan and cook until browned all over.  Remove from the pan a finely chop and set aside.

3.  Add the butter to the pan and fry the onions for 2-3 minutes until softened.  Now add the garlic, carrots, celery, mushrooms, thyme, oregano and bay leaves and cook for 8-10 minutes stirring frequently.  Now add the cooked mince and chicken livers.

4.  Now pour in the milk gradually stirring continuously.  Mix in the red wine, chopped tomatoes, tomatoes puree, vegetable stock, Worcestershire sauce or balsamic vinegar, nutmeg and season with salt & pepper.  Stir all the ingredients and bring to the boil, reduce the heat to a gentle simmer and cook for 1 ½ hours, stirring occasionally.  Whilst the sauce is cooking you might as well enjoy the rest of the red wine.

5.  Cook the spaghetti as per packet instructions.

6.  Add the parmesan to the sauce and season the Bolognese to taste.  Add half the Bolognese to the spaghetti and mix through, divide the spaghetti among the serving dishes and top with the remaining Bolognese sauce.  Sprinkle over the grated parmesan and serve.

Cooks Tips

v  This recipe is ideal for cooking a day in advance.
v  If you do not like a chunky vegetable Bolognese sauce or would like to disguise vegetables from younger children you can gently blend the sauce to create a smoother texture.

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