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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!

Perfect Southern Baked Macaroni And Cheese

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This recipe for the perfect Southern Style Baked Macaroni and Cheese has been in the works for a while. I am a huge fan of a Classic Mac and Cheese, so I really put a ton of time and effort in making sure I got it RIGHT, and I am really convinced this is the BEST macaroni and cheese recipe out there.

For the second week-The story behind special occasion baked macaroni and cheese! I recall sitting in the kitchen with my mom thanksgiving eve shredding the cheese of the block into a box grater (knuckle busters is what I liked to call it), and repeating the same technique on Christmas Eve, also enjoying it in between services at church (pastor anniversary, usher board anniversary- my “churchy people will understand the nostalgia of smelling this in the sanctuary). What’s so special about it is the togetherness, the memories and bonding that I shared with my mother, my church family, and clients.

There's mac and cheese, and then there is special occasion mac and cheese. This is the second kind. Unlike most recipes, which start with a roux, this one begins with a milk-and-egg base, which gives the dish an incredibly rich, silky taste.
A baked mac and cheese recipe that is rich and creamy, but can be made ahead of time and thrown in the oven when guests arrive.
INGREDIENTS : 

  • 1/2 tsp salt
  • 1/8 tsp cayenne pepper
  • 3 1/2 cups 2% milk
  • 8 ounces medium cheddar cheese shredded
  • 8 ounces extra sharp cheddar cheese shredded
  • 16 ounces macaroni
  • 1/3 cup butter
  • 1/3 cup flour
  • 1/2 tsp white pepper

Equipment
  • 3 Quart Baking Dish

INTRUCTIONS : 
  1. Preheat the oven to 375 degrees F.
  2. Bring a large pot of salted water to a boil. Add the macaroni, cook for 8 - 9 minutes. Strain and set aside.
  3. In a heavy-bottomed large pot over medium heat, melt the butter.
  4. Sprinkle the flour, white pepper, salt, and cayenne pepper over the melted butter, whisking until smooth and the mixture has thickened slightly.
  5. Stir in the milk 1/2 cup at a time ( feel free to eyeball it ), only adding the next half cup once the previous one has been incorporated entirely.
  6. Add all of the medium cheddar cheese and half of the extra sharp cheddar cheese, stir into the milk/flour sauce until melted. Stir in the macaroni.
  7. Pour into a 3 quart baking dish. Top with the remaining extra sharp cheddar cheese.
  8. Bake at 375 F for 30 minutes. 

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