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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!

One Pan Stick of Butter Rice

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One Pan Stick of Butter Rice
One Pan Stick of Butter Rice is buttery, flavorful, and the easiest side dish you’ll ever make! It’s a tasty, simple, and versatile side that goes with chicken, pork, and beef!
This is seriously my go to side recipe when I don’t know what else to make!

This recipe will amaze and wow you, it’s so simple to make with very basic ingredients. As a result, I can almost guarantee that you already have the ingredients to make it right in your pantry!
Just for clarification a ‘stick of butter’ is 1/2 cup of butter. I realize it’s not sold in sticks everywhere.
With just a few ingredients, this baked rice recipe has so much deep, rich flavor. First, you toast the rice in melted butter. You can do this in a pan on the stove top. Or, you can do it in a casserole dish in the oven. For the sake of easier clean up, and who doesn’t love that, I toast it in the same dish that I bake the rice in.
Afer toasted, you will stir in beef liquid and cook the rice about 45 minutes or until all the liquid has been absorbed and the rice is fluffy and tender.
One Pan Stick of Butter Rice
Prep Time 5 mins
Cook Time 45 mins
Total Time 50 mins

One Pan Stick of Butter Rice is buttery, flavorful, and the easiest side dish you'll ever make! It's a tasty, simple, and versatile side that goes with chicken, pork, and beef! This is seriously my go to side recipe when I don't know what else to make!
Servings: 8
Author: Paula Jones

Ingredients
  • 1/2 cup butter
  • 1 cup rice
  • 20 ounce French Onion soup or beef consomme
Instructions
  1. Heat oven to 350 degrees F.
  2. Melt 1/2 cup butter in an 8x11 oven-safe casserole dish.
  3. Add rice to butter and stir to coat.
  4. Bake rice in butter 3 to 4 minutes or until toasted.
  5. Once the rice is light brown and toasted add the soup or consomme to the rice and butter and stir to combine.
  6. Return to oven and bake 40 to 45 minutes or until rice is tender, fluffy, and all the liquid is absorbed.
Recipe Notes
Recipe from Paula @CallMePMc.com All images and content are copyright protected. Please do not use my images without prior permission that includes copying the ingredient list or entire recipe and posting in the comments on Pinterest for Facebook. If you want to share this recipe, please simply link back to this post for the recipe.
One Pan Stick of Butter Rice recipe
There are a couple different liquids you can use in this recipe. You can use 20 ounces of either beef consomme, french onion soup, or beef stock. Beef stock doesn’t give as rich of flavor as the consomme or soup provides, but the rice is still great if you’re in a pinch and it’s all you have on hand.
As well, you may want to add 1/2 cup diced onions, 1/2 cup or 1 can of sliced mushrooms, diced pimento peppers, or even a handful of sliced almonds to the rice to kick the flavor up even more. My boys are purest and prefer ‘straight rice’.
You can reduce the amount of butter to 1/3 or 1/4 cup if you prefer. It will still be awesome.
You may add salt and pepper to the rice. I find that with the soup it is salty enough.




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