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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!

EASY SHEPHERD’S PIE RECIPE

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EASY SHEPHERD’S PIE RECIPE
This Easy Shepherd’s Pie Recipe is super simple and is comfort food at it’s finest. This casserole is loaded up with ground beef, onions, garlic, vegetables and topped with mashed potatoes. Shepherd’s pie is one of those dishes from my childhood that has stuck with me. Over the years this casserole dish has been made so many times. During the winter every time I have ground beef that I am needing to use in a dish the whole family requests shepherd’s pie. They even quite often ask for me to make it in the summer, ha ha. The recipe is so simple and basic, I think that’s why I do not mind making it so often.
EASY SHEPHERD’S PIE RECIPE
I have made them our Mini Shepherd’s Pies a few times. I like how simple they are but, I like that I can feed my entire family with one large casserole dish with this recipe.
When the budget is tight this Shepherd’s Pie Recipe can be a money saving meal. I can add in what veggies and however much ground beef I have on hand. Plus if I am using Instant Potatoes they are always so cheap when using coupons combined with a sale.
I will quite often use fresh veggies and homemade potatoes when I have time. This specific recipe is made with frozen veggies and instant potatoes. I actually prefer it with the instant potatoes (hubby likes the real stuff, ha ha).
INGREDIENTS
  • 1 1/2 lb Ground Beef
  • 4 cups Mashed Potatoes
  • 1 tbsp Oil
  • 1 tsp Minced Garlic
  • 1 Onion, diced
  • 1 tbsp Worcestershire Sauce
  • 1 cup Milk
  • 2 tbsp Butter
  • 2 tbsp Flour
  • 12 oz Frozen Peas and Carrots, thawed
  • Salt and Pepper to taste
DIRECTIONS
  1. Preheat oven to 375.
  2. Heat oil in a skillet over medium heat and add ground beef, onion and garlic.
  3. Cook until browned and drain.
  4. In another skillet or pan, melt putter and add flour.
  5. Cook roux for 2 minutes.
  6. Whisk in worcestershire and milk.
  7. Cook for 1 minute to thicken.
  8. Combine beef mixture, gravy and thawed vegetables.
  9. Place in baking dish.
  10. Top with mashed potatoes and place in oven for 20-30 minutes until heated through.
Easy Shepherd’s Pie Recipe

Ingredients
  • 1 1/2 lb Ground Beef
  • 4 cups Mashed Potatoes
  • 1 tbsp Oil
  • 1 tsp Minced Garlic
  • 1 Onion diced
  • 1 tbsp Worcestershire Sauce
  • 1 cup Milk
  • 2 tbsp Butter
  • 2 tbsp Flour
  • 12 oz Frozen Peas and Carrots thawed
  • Salt and Pepper to taste
Instructions
  1. Preheat oven to 375.
  2. Heat oil in a skillet over medium heat and add ground beef, onion and garlic.
  3. Cook until browned and drain.
  4. In another skillet or pan, melt putter and add flour.
  5. Cook roux for 2 minutes.
  6. Whisk in worcestershire and milk.
  7. Cook for 1 minute to thicken.
  8. Combine beef mixture, gravy and thawed vegetables.
  9. Place in baking dish.
  10. Top with mashed potatoes and place in oven for 20-30 minutes until heated through.

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