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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 Manicotti

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Beef Manicotti
Are you are looking for a new pasta recipe? Try this Beef Manicotti, which is easy to make and looks fancy too!

To make beef manicotti, just stuff the manicotti shells with a mixture of ground beef, garlic, hot dogs, mushroom, cheese and some seasonings, place them in a baking dish, pour the sauce over, sprinkle the cheese to top, bake and serve.

Beef Manicotti Recipe
Yield: Serves 5-6

INGREDIENTS
  • 14-15 manicotti shells
  • 3-4 cups White Sauce or Bechemal Sauce
  • 300 g extra lean ground beef
  • 5 mushrooms, washed and finely chopped
  • 4 hot dogs (wiener), diced
  • 1 cup green pepper, diced
  • 1 medium onion, finely chopped
  • 5 garlic cloves, finely chopped
  • 3 teaspoons dried oregano leaves
  • 1/2 teaspoon turmeric powder
  • 3-4 tablespoons cooking oil
  • 2 cups salsa sauce (ready to serve) or Fresh Tomato Salsa Sauce
  • 2-3 tablespoons crushed tomatoes
  • 2 cups shredded cheddar and mozzarella cheese
  • 1/2 cup grated parmesan cheese
  • 1/3 cup bread crumb
  • salt & pepper to taste
INSTRUCTIONS
Heat vegetable oil in a pan over medium heat, add onions and fry until slightly golden. Add the ground beef and fry until the meat is well browned, stirring occasionally. Add garlic, hot dogs, turmeric powder, salt and pepper; cook for 1-2 minutes. Then add green peppers, mushrooms, crushed tomatoes and salsa sauce; mix well and simmer uncovered until all the liquid is absorbed, stirring occasionally.

Let the mixture cool then add bread crumb, dried oregano leaves, 1 1/2 cups shredded cheddar and mozzarella cheese; mix well and set it aside.
Meanwhile bring a large pan of lightly salted water to a boil. Add manicotti tubes and cook until tender but still firm to the bite (or follow the package instruction). Using a slotted spoon, transfer the manicotti tubes to a colander, drain, rinse under cold running water and drain again.

Preheat oven to 375 degrees F. Using a teaspoon, fill the manicotti tubes with the mixture. Spread a little cooking oil around the inside of a baking dish and transfer the manicotti tubes to the dish (you need more than one dish).
Pour the white sauce over them to cover completely and sprinkle with 1/2 cup grated parmesan cheese and 1/2 cup shredded cheddar and mozzarella cheese. Place on the middle rack of the oven and bake until golden brown and bubbling (30-40 minutes).
Serve immediately.


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