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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!

CHEESEBURGER TOTS

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CHEESEBURGER TOTS
Cheeseburger Tots are tater tot bites filled with cheeseburger and topped with a special sauce. An easy tater tot recipe for your upcoming super bowl party!
I kind of overdid it on the sweets over the holidays, I’m sure some of you can relate, and I was all ready to buckle down and get my low carb on when Melinda said, “But…cheeseburger tots…” at which point I decided one more day wouldn’t hurt and we baked up a batch of these tasty Cheeseburger Tots. This tater tot recipe was totally worth it because cheeseburger + tater tots = WIN!!
I’ll admit I’m a tater tot fanatic. If I find a place with tater tots on the menu they are instantly my new favorite restaurant. Tater tots are little, crisp, golden, bites of potato deliciousness! If you aren’t a hardcore tot fan like me don’t skip these babies, Melinda isn’t all about tater tots and she agreed these Cheeseburger Tots are amazing. It’s like wrapping your cheeseburger up in french fries. Are you drooling yet?
Cheeseburger tots are really easy to make (which makes them even better IMHO) all you need are some frozen tater tots, ground beef, onions, mayo, mustard, ketchup, and pickle relish. Oh, and if you want to make them Big Mac style don’t forget the special sauce! Start by browning the ground beef and onions and then mixing them with the mayo, mustard, ketchup, and pickle relish. Then grease a mini muffin tin and place three frozen tots in each slot. Bake the tots at 425 degrees F. for 10 minutes. When the time is up remove them from the oven and use a tamper to press them down. The tater tots will spread around the tamper and create a cup. Fill the cups with the burger mixture and top with shredded cheddar cheese. Place them back in the oven and bake for 15 minutes longer.
When the Cheeseburger tots come out of the oven let them cool in the pan for 5 minutes or so, then gently remove them from the pan and place them on a serving tray. Drizzle them with the “special sauce” and top with mini pickle slices (I bought mini pickles and sliced them myself). If you eat a few as you go I won’t judge you.

Cheeseburger Tots
Prep Time 20 mins
Cook Time 35 mins
Total Time 55 mins

These Cheeseburger tots are tater tot bites filled with hamburger, cheese, pickles, and a special sauce.
Course: Appetizer
Servings: 
Calories: 241 kcal
Author: Kat Jeter & Melinda Caldwell

Ingredients
  • Cheeseburger Tots
  • 48 Tater Tots , frozen
  • 1 lb Ground beef
  • 1/2 c Onion , finely diced
  • Salt and Pepper to taste
  • 2 tbsp Mayonnaise
  • 2 tbsp Yellow mustard
  • 2 tbsp Ketchup
  • 2 tbsp Pickle relish
  • 1 c Cheddar cheese , shredded
  • Note: You can use more or less of any of these condiments according to your taste!
  • Mini Pickles for garnish
Special Sauce
  • 1/2 c Mayonnaise
  • 4 tbsp Pickle relish
  • 2 tbsp Yellow mustard
  • 1 tsp White wine vinegar
  • 1 tsp Paprika
  • 1 tsp Onion powder
  • 1 tsp Garlic powder
Instructions
  1. Preheat oven to 425°F.
  2. Brown ground beef in a skillet over medium high heat. Once meat has browned drain the grease then add beef and onions back to the skillet and cook until softened.
  3. Add mayonnaise, mustard, ketchup, and pickle relish to the ground beef and stir to combine. Salt and pepper to taste.
  4. Grease a mini muffin pan and place three tater tots in each cup. Bake for 10 minutes.
  5. After 10 minutes remove the muffin pan from the oven and use a tamper to press the tater tots down into each cup. This will create a tater tot cup.
  6. Fill the tater tots with the ground beef mixture and top with cheddar cheese.
  7. Place the tater tots back in the oven and cook for another 15 minutes.
  8. Remove the cheeseburger tots from the oven and let cool for 5 minutes before removing them from the muffin pan.
  9. While the cheeseburger tots cool mix together all of the special sauce ingredients.
  10. Drizzle the special sauce over the cheeseburger tots and top with mini pickle slices.
  11. Enjoy!


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