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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!

MEAL PREP CHICKEN SALAD

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This chicken salad is so light, flavorful, and easy to make. It has sweet grapes, yummy dill, chopped walnuts, and is lightened up with some lemon juice.
This is my absolute favorite lunch ever. The flavor of this chicken salad is just out of this world. The delicious grapes, nuts, red onion, celery, lemon juice, and dill make this recipe so unbelievably tasty.

I like to meal prep this chicken salad. I usually make this on a Sunday, and have lunch already made for the next few days. I usually get 4 to 5 servings of chicken salad from this recipe. It’s so nice not to have to worry about what to pack or what to put together for my lunch. I get so excited bringing this for lunch. I’m literally just watching the clock to see when it’s lunchtime. It’s just so tasty and light.
I use these containers for my meal prep. I like to make a healthy little meal out of this chicken salad by adding some butter lettuce, tomatoes, cucumbers, and crackers. You could also skip all of that and just put the chicken salad right on some bread, or a croissant. YUM. Or you could use the butter lettuce as a wrap for the chicken salad.

This recipe also serves as a nice appetizer. Serve with some crackers or baguette. Delish.

INGREDIENTS
  • For the Chicken Salad
  • 2 Cups Cooked, Shredded, Chicken
  • 3/4 to 1 Cup Grapes, Halved
  • 1/3 Cup Diced Celery (about 1 large celery stalk)
  • 1/4 Cup Diced Red Onion
  • 1/4 Cup Chopped Walnuts
  • Juice of One Lemon
  • 1/3 Cup Mayo or Greek Yogurt
  • 1/2 Tsp Salt
  • 1/2 Tsp Black Pepper
  • 2 Tbsp Fresh Dill (or 1/2 tsp dry)
  • Meal Prep Ideas
  • Veggies:  Butter Lettuce, Cherry Tomatoes, Cucumbers, or Peppers
  • Crackers, bread, pita chips

INSTRUCTIONS

  1. Add all ingredients to a large bowl and stir to combine. Serve immediately on bread or on lettuce, or divide into 4-5 meal prep containers with veggies and crackers, bread or chips.
RECIPE NOTES
This chicken salad will last in the fridge for 3-5 days.

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