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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!

CROCK POT BOURBON CHICKEN



Crock Pot Bourbon Chicken is easy and delicious! Tender juicy chicken is cooked in a rich bourbon ginger sauce for a delicious meal.

I’ve read that Bourbon Chicken got it’s name because it was supposedly created by a Chinese cook who worked in a restaurant on Bourbon Street. Regardless of the name or how it came to be, this dish is absolutely delicious! This recipe creates a sweet and tender chicken that is perfect served over rice and it’s easy to make at home in the slow cooker!

REPIN THIS CROCK POT CHICKEN RECIPE

The marinade for this Bourbon Chicken recipe takes just a few minutes of prep the marinade and then it simmers in the slow cooker all day! The result is insanely tender chicken with a sweet Asian inspired sauce and lots of flavor! We serve this over rice to soak up all of the delicious sauce!

5 SLOW COOKER CHICKEN RECIPES YOU NEED IN YOUR LIFE
1. Crock Pot Chicken and Dumplings: Juicy chicken breasts cook to tender perfection in the slow cooker in a rich creamy sauce. Shortcut dumplings make this deliciously comforting meal effortless for a family favorite everyone will agree on.

2. Slow Cooker Honey Garlic Chicken: Tender shredded chicken in a deliciously garlicky honey garlic sauce. Perfect served over rice or noodles!

3. Crockpot Chicken Tacos: This easy 4 ingredient recipe is perfect for tacos, enchiladas or even over rice for a delicious taco bowl!

4. Slow Cooker Whole Chicken & Gravy: Slow Cooker Whole Chicken & Gravy! A complete Sunday meal in one pot. While it takes only minutes of prep, this tender, juicy chicken & gravy tastes like you’ve been in the kitchen all day.

5. Slow Cooker Chicken Chili: This Slow Cooker Chicken Chili recipe comes together in just a few minutes and creates a hearty and healthy dinner that the entire family will love!


Note: All recipes on SpendWithPennies.com are tested and retested. This recipe has been slightly updated from the original simplifying the cooking method.

A few notes about this recipe… this dish is sweet as Bourbon chicken is a sweet dish (similar to sweet and sour). Do not use light soy sauce, the results and flavor are not the same. Chicken thighs are best in this recipe as they won’t dry out like slow cooked chicken breasts sometimes do!

SERVINGS: 6 SERVINGS
CROCK POT BOURBON CHICKEN

PREP TIME: 
10 MINS 
COOK TIME: 
6 HRS
TOTAL TIME: 
6 HRS 10 MINS

AUTHOR: HOLLY N. 
COURSE: DINNER
CUISINE: AMERICAN
KEYWORD: BOURBON CHICKEN

Crock Pot Bourbon Chicken is easy and delicious! Tender juicy chicken is cooked in a rich bourbon ginger sauce for a delicious meal. We love this Crock Pot meal served over rice with a side of steamed broccoli.

INGREDIENTS

3 lbs boneless skinless chicken thighs
3 tablespoons cornstarch
1/4 cup sliced green onions (or more to taste)
SAUCE
1/2 teaspoon fresh grated ginger
4 cloves garlic , minced
1/2 teaspoon crushed red chili flakes
1/3 cup apple juice
1 1/2 tablespoons honey
1/4 cup brown sugar
1/4 cup ketchup
3 tablespoons cider vinegar
1/4 cup water
1/4 cup Bourbon
1/4 cup soy sauce
salt & pepper to taste

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INSTRUCTIONS

1. Mix all sauce ingredients in a small bowl.
2. Place chicken in slow cooker, pour sauce over top. Cover and cook on low 6-7 hours or on high 3 hours.
3. Remove chicken and chop into bite sized pieces and cover to keep warm.
4. Meanwhile, combine 3 tablespoons water with cornstarch. Turn slow cooker up to high. Whisk cornstarch slurry into the sauce. Cover and allow to thicken, stirring occasionally (about 10 minutes). Stir chicken back into the sauce and add in green onions.
5. Serve over rice.

RECIPE NOTES
This recipe is best made with regular (not light) soy sauce.
The sauce can also be thickened on the stove top. Create the slurry as above and whisk over medium heat until thickened. Return to slow cooker with chicken and stir in green onions.
Nutritional information provided is an estimate and will vary based on cooking methods and brands of ingredients used.

NUTRITION INFORMATION Amount per serving (6g) — Calories: 388, Fat: 9g, Saturated Fat: 2g, Cholesterol: 215mg, Sodium: 840mg, Potassium: 653mg, Carbohydrates: 22g, Sugar: 17g, Protein: 45g, Vitamin A: 3.9%, Vitamin C: 2.2%, Calcium: 3.7%, Iron: 12.5%

(Nutriton information provided is an estimate and will vary based on cooking methods and brands of ingredients used.


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