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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!

Creamy Leek and Potato Soup

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Nothing is more comforting to eat on a cold wintry rainy day than a bowl of creamy leek and potato soup with soft buns and mustard chicken to go with. The smooth texture of the soup with the flavour of leeks is so soothing to the senses and highly delectable. It is such a hearty, healthy and nutritious soup and so easy to make in no time. 



Ingredients: 
1 large Leek
2 Yukon gold potatoes
2 tbs Butter
2 Garlic cloves
1 Bay leaf
1/2 tsp Black pepper
1 cup Chicken  stock
1/2 cup heavy cream or half and half
Chives or spring onions finely chopped(optional)
Salt to taste
Method: 
1. Clean and wash the white and light green parts of the leeks and cut them into small pieces. Peel, wash and cut the pototoes into small pieces as well. Finely chop the garlic. 

2. In a soup pot melt the butter on medium heat, toss in the garlic, give it a stir and add the leeks and potatoes. 

3. Turn over and saute in the melted butter till they sweat and soften a bit. 

4. Add 2 cups hot water and the 1 hot cup chicken stock, bay leaf, salt and pepper. Let it cook on medium heat till the potatoes and leeks and very soft. Switch off the stove and remove the bay leaf. 

5. Using a hand held immersion blender, puree the cooked leeks and potatoes until smooth, adding a little water if too thick. I also added the shredded chicken pieces from the chicken soup stock and blended everything together. 

6. Add half and half or heavy cream. Taste and adjust the seasoning by adding salt and pepper if necessary. And if the soup appears to be thick add a little water and if it is too runny, leave it on simmer for sometime till it thickens.  

7. Garnish with chopped chives or spring onions and serve hot in soup bowls.  

Enjoy with bread, buns or dinner rolls.

more recipes @ http://mamasecretrecipes.blogspot.com

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