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!

Gameday Breakfast Sliders


Welcome to week 3 of the 2012 College Football Saturday Tailgate Party! Last week I shared a football craft (an easy DIY team spirit wreath), so this week I’m changing it up with a super tasty sliders recipe. Our Huskers play at 9:00am here (in AZ) sometimes during the season, so we need to do some sort of breakfast tailgating food for those games. And, what sounds more perfect than some delicious ham, egg, and cheese breakfast sliders?!

YUM! Perfect for morning games! These sliders are easy to make, super tasty, and definitely more filling than something like donuts! You can even make them up the night before if you’d like. But, they don’t take long to make at all (20 minutes or less) in the morning. The sauce on top really makes these SO extra good – once they start cooling, the tops of the rolls are just perfection! Mmmmmm!!!


So, here’s how to whip up a batch of these tasty ham, egg, & cheese breakfast sliders:

Gameday Breakfast Sliders

Prep time
10 mins
Cook time
10 mins
Total time
20 mins

These breakfast sliders are a crowd favorite!
Author: Sara @ Mom Endeavors
Recipe type: Breakfast
Serves: 12

Ingredients

1 pkg (12 count) Hawaiian Rolls
8 - 10 eggs (depending on egg size & how "eggy" you want your sliders)
6 large slices provolone cheese (thin slices)
sliced ham (at least 6 large, thin slices)
¼ Cup butter (melted)
1 Tbsp yellow mustard
1 Tbsp brown sugar

Instructions

1. Scramble up your eggs however you like to do them.
2. While the eggs scramble, cut the entire package of rolls in half (so you have a sheet of the tops & the bottoms).
3. Place the bottom sheet of rolls in a pan and top with a thin layer of provolone cheese (I used about two large slices).
4. Once the eggs are done, cover the cheese layer with the eggs. Then, lay ham slices over the eggs. If your provolone is nice & thin, then you can add two more slices over the eggs and then again over the ham.
5. Place the top sheet of rolls over the ham.
6. At this point, either cover and store in frridge/freezer for future use or continue on to finish making...
7. In a small bowl, combine melted butter, mustard & brown sugar. Stir until well combined (and the sugar is at least mostly dissolved). Then coat the tops of the rolls with the mixture. (I like to use a little pastry brush to make sure I get the tops evenly and a little on the sides).
8. Bake at 350 for about 10-15 minutes (until cheese gets nice & melty).
9. Remove from oven and let cool a few minutes. Then cut, serve, and enjoy!

These are seriously SO good – definitely a crowd-pleaser that will be gobbled up in no-time! If you need some other things to go with it, you could try our breakfast tailgating fruit kabobs idea or anything off this list of tasty breakfast tailgate recipes! And, if you’re looking for a slider recipe for any time aside from breakfast, then you HAVE to check out the Coca-Cola BBQ Pulled Pork Sliders (with sauteed apples & onions) that I posted earlier in the week. It’s one of the best things I’ve made in a long time!


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