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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!

hot buffalo chicken and bacon grilled cheese

, Edit
Okay… I might have gotten a little carried away making this Hot Buffalo Chicken and Bacon Grilled Cheese.

Hot Buffalo Chicken and Bacon Grilled Cheese

There’s just something about grilled cheese that’s so unforgettable. After all, who can resist melted cheese smacked between perfectly toasted, buttered bread?

Sometimes, I think I’m over it—you know, done with all the childish things. Then I get hungry and there’s “no food in the house”, but I find bread, cheese, and butter. Grilled cheese, you got me again. Every time.

Hot Buffalo Chicken and Bacon Grilled Cheese

This is more of a grown-up grilled cheese. Like with everything in adulthood, it’s a little more complex. It’s so much more than two grilled slices of bread slathered with butter and melted cheese.
Let’s talk about this over-the-top, magnificent sandwich, shall we? Shredded chicken with hot buffalo sauce and cheeses; a layer of bacon and more cheese; perfectly grilled and toasted with butter. Oh, HELLOOOO.
Drop everything. Make this grilled cheese ASAP
HOT BUFFALO CHICKEN AND BACON GRILLED CHEESE
 

Prep time
Cook time
Total time
 
Serves: 3-4
Ingredients
  • non-stick cooking spray
  • 8 slices bacon
  • ¾ cup hot buffalo sauce, such as Frank’s RedHot
  • ¼ cup cream cheese, at room temperature
  • ¼ cup shredded cheddar cheese
  • 1½ cups shredded rotisserie chicken
  • half a stick celery, chopped
  • ¼ cup green onions, sliced
  • sea salt, to taste
  • fresh black pepper, to taste
  • 8 slices sourdough bread
  • 4 thin cheddar cheese slices
  • butter, for melting on skillet
Directions
  1. Preheat oven to 400 degrees F. Line a baking sheet with aluminum foil and spray with non-stick cooking spray. Lay the bacon slices on the lined baking sheet and cook in preheated oven for 12-15 minutes. Take bacon out of the oven, then lay bacon slices on a plate lined with paper towels to soak up bacon grease.
  2. Warm the hot sauce in the microwave for 30 seconds, then set aside. In a large mixing bowl, mix together hot sauce, cream cheese, and cheddar cheese until cheeses have melted. Fold in the chicken, celery, and green onions. Season with salt and fresh black pepper to taste.
  3. Prepare the sandwiches. Top one slice of bread with a generous amount of buffalo chicken mixture, two slices of bacon, a slice of cheddar cheese, then cover with the other slice of bread. Repeat until all the buffalo chicken mixture is used up.
  4. Cook the sandwiches. Heat a large non-stick skillet over medium heat. Melt a pat of butter on the skillet. Place a sandwich on the skillet and cook until golden brown, about 2-3 minutes. Add another pat of butter to the skillet, turn the sandwich over, and cook for another 2-3 minutes, or until golden brown and cheese has melted. Repeat with remaining sandwiches. Serve immediately.

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