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!

VEGAN POTATO SOUP RECIPE WITH BEANS & KALE

You probably have everything in your pantry and fridge to make this healthy and delicious Vegan Potato Soup with Beans and Kale. Perfect for weeknights! 211 calories and 4 Weight Watchers Freestyle SP. Thank you to The Little Potato Company for helping me share this recipe with you.

Vegan Potato Soup with Beans and KaleĆ¢€¦You probably have everything in your fridge and pantry to make this delicious, healthy soup recipe! Great for busy nights. 211 calories and 4 Weight Watchers Freestyle SP

This past weekend was one of great excitement for our family. Since moving to the Seattle area in June, we’ve been renting a townhouse while navigating the crazy (!!) housing market here. Thanks to our amazing real estate broker and some serious patience, we finally closed on a house on Friday and moved in over the weekend. Boxes, boxes, everywhere, which means that we are focusing on meals born of pure convenience and ease. If the ingredients aren’t already in the fridge and pantry, or the necessary pans are hidden away in a box, the meal just ain’t happening

Vegan Potato Soup with Beans and KaleĆ¢€¦You probably have everything in your fridge and pantry to make this delicious, healthy soup recipe! Great for busy nights. 211 calories and 4 Weight Watchers Freestyle SP

There was a night of take-out pizza in the midst of moving, but after signing over virtually every penny (or so it seems) to the bank, cooking at home is necessary for our wallets. And let’s be honest, for our waistlines. This 40-something body can only take so many pizza nights before my jeans begin to protest. Veggies, veggies and more veggies is the order of the day, and this healthy vegan potato soup fits the bill. It doesn’t hurt that this recipe requires only one large saucepan, which means less rummaging through boxes, plus less dishes to wash.

Vegan Potato Soup with Beans and KaleĆ¢€¦You probably have everything in your fridge and pantry to make this delicious, healthy soup recipe! Great for busy nights. 211 calories and 4 Weight Watchers Freestyle SP


This soup is very versatile, so feel free to change up the mix-ins depending on what is available in your kitchen. No kale? Use spinach, escarole or Swiss chard. Out of Great Northern beans? Substitute cannellini or kidney beans, or even chickpeas.
Vegan Potato Soup with Beans and KaleĆ¢€¦You probably have everything in your fridge and pantry to make this delicious, healthy soup recipe! Great for busy nights. 211 calories and 4 Weight Watchers Freestyle SP

Vegan Potato Soup Recipe With Beans & Kale

Nutrition Facts
Serving Size1 1/2 cups
Amount Per ServingAs Served
Calories 210.3 calCalories from fat 18
% Daily Value
Total Fat 2.2g3%
Saturated Fat0.3g2%
Cholesterol 0mg0%
Sodium 556.3mg23%
Carbohydrate41.0g14%
Dietary Fiber9.9g40%
Sugars 7.8g
Protein 8.8g
Percent Daily Values are based on a 2,000 calorie diet. Your daily values may be higher or lower depending on your calorie needs:
Calories2000
Total FatLess than65g
Sat FatLess than25g
CholesterolLess than300mg
SodiumLess than2,400mg
Total Carbohydrate300g
Dietary Fiber25g
Prep Time15 mins
Cook Time35 mins
Total Time50 mins
Vegan Potato Soup with Beans and Kale…You probably have everything in your fridge and pantry to make this delicious, healthy soup recipe! Great for busy nights. 211 calories and 4 Weight Watchers Freestyle SP
Serves 6

Ingredients

  • 2 tsp olive oil
  • 1 medium onion, chopped
  • 1 large stalk celery, diced
  • 1 medium carrot, diced
  • 3 garlic cloves, minced
  • 3/4 tsp crushed dried rosemary
  • 3/4 tsp tsp dried thyme
  • 1/2 tsp crushed red pepper (less to taste)
  • 1/4 tsp ground pepper
  • 2 tbsp tomato paste
  • 1 1/2 lb. Little Potato Company Creamer potatoes (I used Blushing Belle), cut into 1/2-inch pieces
  • 7 cups low sodium vegetable broth
  • 1 (14 oz.) can Great Northern beans, drained & rinsed
  • 4 cups chopped kale
  • 1/2 tsp salt (or to taste)

Directions

  1. Heat the olive oil in a large saucepan or Dutch oven set over medium heat. Add the onion, celery and carrot, and cook until the vegetables begin to soften, about 5 minutes.
  2. Stir in the garlic, rosemary, thyme, red pepper flakes and pepper, and cook for 1 minute.
  3. Stir in the tomato paste and cook for 1 minute.
  4. Add the potatoes and vegetable broth, and bring to a boil over medium-high heat. Decrease heat slightly and cook at a lively simmer for 15 minutes.
  5. Add the beans and cook until the potatoes are tender, 10 to 15 minutes.
  6. Stir in the kale and cook until just wilted, about 1 minute. Season with salt. Serve.

Recipe Notes

Weight Watchers Points: 4 (Freestyle SmartPoints), 5 (SmartPoints), 5 (Points+)

more recipes @ www.cookincanuck.com

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