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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!

MINI BACON RANCH CHEESE BALL RECIPE

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MINI BACON RANCH CHEESE BALL RECIPE
This mini bacon ranch cheese ball recipe is so easy to make and delicious! You only need 5 ingredients and about 10 minutes to put together this game day ready appetizer. 
Sundays have been my favorite day of the week for a very long time. There is something about sitting down to watch football all day that really makes me happy.
Maybe it’s all the muscular men running around TV? Nah. It’s football food that really gets me going.
Sunday after Sunday, I watch football from noon to night – last year our team did badly but I still watched each week.
I am a football girl. I use the commercials to load up on plates of food and this year won’t be any different than years past.
MINI BACON RANCH CHEESE BALL RECIPE
Finger foods are my favorite food group (that is a food group, right?) and this mini bacon ranch cheese ball recipe is right up my alley.
Not counting the pretzel sticks, this is a 5-ingredient appetizer recipe. And it takes about 10 minutes to make all of the mini cheese balls. You will shortest amount of time making the shredded cheese and cream cheese mixture.
How’s that for scoring big!?
The last time I made these mini cheese balls, I only put together half of the mini cheese balls. I saved the leftover cheese mix (with the bacon and parsley added of course) for a little get together I had.
Wouldn’t you know, my guests treated it like a cheese dip and devoured it all with chips. So if you decide not to make everything into cheese balls, you’re still set with a delicious recipe. Win, win.
A few recipe notes:
You can substitute the parsley for green onions.
If you’re short on time, use precooked bacon or store bought bacon bits.
You can make dry ranch dressing mix from scratch.
If you are watching your salt intake, use low-sodium bacon and half of the ranch dressing mix.

MINI BACON RANCH CHEESE BALL RECIPE
yield: 30 
prep time: 10 MINUTES
This mini bacon ranch cheese ball recipe is so easy to make and delicious! You only need 5 ingredients and about 10 minutes to put together this game day ready appetizer. 

INGREDIENTS
  • 12 ounces softened cream cheese
  • 8 ounces shredded cheddar cheese
  • 1 package ranch seasoning
  • 1 cup finely chopped bacon (1 pound bacon)
  • 1 tablespoon parsley
  • pretzel sticks
INSTRUCTIONS
  1. Add the softened cream cheese to a medium bowl and smooth with a spatula or a hand mixer. Add the cheddar cheese and ranch seasoning and mix until combined.
  2. In a small bowl, combine the bacon and parsley.
  3. Use a melon baller to scoop out a ball of the cheese mixture. Use your hands to make sure it is in a ball and then roll it in the bacon mixture. Set aside.
  4. Repeat until all of the cheese balls are made. Place a pretzel stick in the middle of each cheese ball and serve.

NOTES
If you are watching your sodium intake, use low-sodium bacon and half of the ranch seasoning.

NUTRITION INFORMATION: YIELD: 30 SERVING SIZE: 1 mini cheese ball 
Amount Per Serving: CALORIES: 303 TOTAL FAT: 8.3 g SATURATED FAT: 4.5 g CHOLESTEROL: 21 mg SODIUM: 976 mg CARBOHYDRATES: 47.9 g FIBER: 1.8 g 
SUGAR: 1.7 g PROTEIN: 9.2 g
© Jenny Bullistron
CUISINE American / CATEGORY: Appetizers


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