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!

3-Ingredient Cheese Dip

This 3-Ingredient Cheese Dip (aka Queso or Nacho Cheese Dip) is the easiest recipe for a cheese dip! Plus it’s made with real ingredients! No artificial cheese here.



The three ingredients I used to make this simple cheese dip are plenty of real cheddar cheese, half and half for richness and corn starch to thicken it.

Can’t beat that, 3 ingredients that you likely already have on hand!

The dip will be a little runny at first, but will nicely thicken as it cools. To reheat, simply whisk in a little milk over a stove top.

With that said, this dip is best enjoyed right after making. You can always scale down the ingredients for a smaller party or make a double batch for a bigger game day get-together. Enjoy!
A super easy, totally delicious cheddar cheese dip made with real ingredients! It has such a rich and cheesy flavor that will leave people craving more. Perfect for parties or game day.

Ingredients

  • 1 cup half and half
  • 1 Tbsp Argo Corn Starch
  • 8 oz. medium cheddar cheese, shredded*




Instructions
  1. In a medium saucepan whisk together half and half and cornstarch until smooth.
  2. Bring to a light boil over medium-high heat stirring constantly. Reduce heat and simmer 30 seconds, stirring constantly, then remove from heat.
  3. Immediately stir in cheese and return to low heat and stir to fully melt cheese. Serve warm with tortilla chips for dipping.
  4. Note that the sauce will not reheat well so scale as needed.
  5. *Don't use pre-shredded cheese!

Recipe adapted by : cookingclassy.com

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