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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!

PUMPKIN PASTA WITH SEARED SALMON

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Did you know October is National Pasta Month? This means you have to eat some form of pasta everyday until Halloween! I’m just kidding but I really wouldn’t mind if someone challenged me to eat that much pasta. Cooking pasta is simple, affordable and can easily fit into busy lifestyles.
Pumpkin pastaSave

I used the word simple didn’t I? But I wasn’t kidding, the choices of pasta are endless. Take a look at how many dried pasta varieties there are in the store next time you visit. It’s perfect for a fast weeknight dinner and a little goes a long way. I know as I add it to the boiling water I’m always thinking that it isn’t enough, so I add another handful. You know what…it’s always too much and the leftovers are packed up for lunch the next day. You can add a sauce to it or keep it plain with some olive oil and herbs. Don’t feel bad if you buy a jar of sauce, there’s loads of really great sauces available and I always like to add about a half cup of red wine and a bunch of fresh herbs to kick it up a notch. 
Yummy coho salmon with pumpkin cream pastaSave

Since we’re into fall now, I thought I’d make this pumpkin pasta with shitake mushrooms and pumpkin sauce. This recipe is so adaptable, I added some great coho salmon but it’d be great with chicken or extra vegetables. The sauce is quite creamy but a little goes a long way, so be wary when you add it to the pasta. You can always add more but you can’t take it away. Personally I like it on the lighter side but the sauce is just so tasty! You can also use any fresh herb such as thyme, rosemary or oregano and don’t forget that cheese. Right before serving, grate some fresh Parmesan or Pecorino Romano on top. I mentioned about always having leftovers but there wasn’t a trace of this dish left!
To get you in the mood and to celebrate pasta month, the National Pasta Association is hosting the Pasta Presto Recipe Contest! Just click here to enter your own spectacular recipe and you could be the winner of a $1500 cash prize. So if you have a recipe which has been in the family forever and everyone loves it, make sure to enter. You might just win!
Fresh pasta and coho salmonSave

Easy weeknight meal, pumpkin pasta with coho salmon

PUMPKIN ANGEL HAIR SALMON PASTA 

COURSE: MAIN COURSE

CUISINE: AMERICAN

PREP TIME: 30 MINUTES

COOK TIME: 30 MINUTES

TOTAL TIME: 1 HOUR

SERVINGS: 4 PEOPLE

CALORIES: 175 KCAL

AUTHOR: FOODNESSGRACIOUS
This is such an easy meal to make and loaded with yumminess!

INGREDIENTS

  • For The Sauce:
  • 1 tbsp olive oil
  • 2 tbsp diced shallots
  • 1/4 cup white wine
  • 11/4 cup chicken broth divided
  • 1/2 cup heavy cream
  • 1/2 cup canned pumpkin
  • 2 cups sliced shitake mushrooms
  • Salt and pepper
  • For The Pasta:
  • 1 tbsp olive oil
  • 16 oz angel hair pasta
  • 2 tbsp fresh thyme chopped finely
  • 1 pound salmon divided into 4 equal portions

INSTRUCTIONS

  1. Heat the oil in a heavy non-stick skillet. Add the sliced mushrooms and cook until browned, about 2-3 minutes.
  2. Take the mushrooms out of the pan and set aside in another bowl. Add the shallots cooking until they become soft and translucent.
  3. Add the wine and 3/4 cup of the broth. Cook until it reduces by half. Add the cream and reduce again until the sauce becomes thicker and coats the back of a spoon.
  4. Add the pumpkin and whisk until the sauce is smooth. If it's too thick you can keep thinning it down by adding more broth. Season with salt and black pepper.
  5. Bring a pot of water to a rolling boil and cook the pasta as per the instructions on the pack.
  6. Heat the other tablespoon of oil in a pan over a high heat until it starts to smoke. Place each piece of salmon into the pan, skin side up.
  7. Sear the salmon for about 3 minutes before turning over. Lower the heat and cook the salmon for about another 5 minutes.
  8. Drain the pasta and return it to the pot it cooked in. Start to add the pumpkin sauce to it gently tossing with a pair of tongs.
  9. Add as much sauce as you prefer then add the cooked mushrooms making sure all the pasta has been coated.
  10. Place some pasta on a serving plate or bowl and top with a piece of the salmon. Garnish with fresh thyme and grated Parmesan or Pecorino cheese.
Nutrition Facts
Pumpkin Angel Hair Salmon Pasta
Amount Per Serving
Calories 175
* Percent Daily Values are based on a 2000 calorie diet.

 more recipes @ foodnessgracious.com

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