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!

The Best Slow Cooker French Onion Soup, that is simmered in a red wine, chicken and beef stock. Topped with Gruyere cheese and scallops!

The Best Slow Cooker French Onion Soup, that is simmered in a red wine, chicken and beef stock. Topped with Gruyere cheese and scallops!
This Homemade French Onion soup is simmered in red wine, beef and chicken broth. Then topped with toasted crusty bread, gruyere cheese and some scallops. Your going to want to get yourself a set of some good quality oven proof bowls and then you will be in business to make the best french onion soup ever.
Typically people caramelize there onions on the stove for a minimum of 45 minutes, turning them often. However if your pressed for time, you can let the slow cooker do that work for you and save you the hassle too.
Traditionally french onion soup is topped with Gruyere cheese, however you can substitute for swiss which is similar in taste. I like to use Gruyere through which can be found in most European markets. This recipe will make roughly 5 large bowls of french onion soup, or 6 small to medium. So if you have any any leftovers “which is highly unlikely” unless it’s just you, then you can enjoy it over the next few days or share with those lucky enough to be around the kitchen with you.

Ingredients
  • 6 large sliced White Onions
  • 4 cups Beef stock
  • 2 cups Chicken Stock
  • 1 cup Red Cooking Wine
  • 1 tbsp Sugar
  • 1 tsp Salt
  • 1 tbsp Dried thyme
  • 1 tsp black pepper
  • 1 Bay Leaf
  • TOPPING
  • 1 cup Gruyere cheese
  • Half Loaf Crusty Bread
  • 5 Scallops
DIRECTIONS:

  1. Start by peeling and dicing each onion in a half and then placing in your food processor. Slice them all till done and then place into your slow cooker with butter and olive oil and a bay leaf.French Onion Soup in the slow cooker
  2. Turn on the browning setting and add in the salt and sugar this helps to caramelize the onions. “do not skip this step”. Brown all together for 5 minutes till the onions are slightly softened.
  3. Place the lid on the slow cooker and cook the onions for 10 hours till caramelized.
  4. Once the onions have cooked, pour in 1 cup of “Red Cooking Wine” and simmer on the browning setting till the wine cooks off about 15 minutes. Red Cooking Wine
  5. Remove the bay leaf and season with thyme, pepper.
  6. Add in the Salted Beef and Chicken stock, simmering all together for 10 minutes.French Onion Soup in the slow cooker
  7. Turn off the heat and taste to see if more salt is needed, season accordly.
  8. Then carefully ladle the soup into 5 or 6 oven proof bowls.
  9. On a baking tray, lay out 5 pieces of cut crusty bread and butter the top and season with a little onion powder.crusty bread for french onion soup
  10. Broil the bread till lightly crisp for 2 minutes, remove and cut each pieces if half and place on top each soup bowl. making the french onion soup
  11. Top with Gruyere cheese and one or two scallops per bowl.
  12. Broil not directly on the top rack but the one a little lower down for 7 minutes till the scallops are cooked and the cheese is bubbling and browned.
  13. Serve hot and enjoy!
  14. Serve hot directly from the oven and you will be in French Onion Soup heaven in no time!
  15. French Onion Soup with Broiled Scallops in two bowls
Notes: Keep in mind, as with all my recipes. If you want to make more or less of this soup, simple adjust the serving size in the ingredients section above and the servings will automatically adjust for you.

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