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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!

Italian Sausage Tortellini Soup

Italian Sausage Tortellini Soup
We make soup for dinner all of the time. Some like to serve soup as a starter to a meal, but we usually use it as the main course. If you don’t think soup can be a meal all by it’s lonesome, then you haven’t tried Josh’s Italian Sausage Tortellini Soup. This soup has it all-sausage, cheese, pasta, and veggies. You can get your entire meal in one bowl!
Our Tortellini Vegetable Soup is one of our all-time favorite soups, but one night Josh asked if he could make a “meaty man’s” version. I always love it when Josh volunteers to create a recipe. Ok, sometimes I get controlling and want to take over his recipe, but this time I let him have at it. He adapted our vegetable tortellini soup to include Italian sausage and his favorite veggies.
Josh rolled Italian sausage into tiny balls and cooked them before adding them to the soup. The mini Italian sausage meatballs were bite size and a great addition to the soup. Josh also included red peppers, tomatoes, and kale. The kale made the soup pretty. I don’t think Josh added the kale for prettiness since it was a “man’s” soup, but it was a nice touch!
Josh’s Italian Sausage Tortellini Soup is hearty, full of flavor, and easy to make. Josh makes it all of the time. We love easy one pot meals at our house.
And if you have a vegetarian in the family, you can make the soup and leave out the sausage until the very end. Josh always ladles up my bowl before he adds in the sausage. I love the soup without the sausage, but Josh and Caleb prefer to add it in. They like to bond over their meaty man soup:)
There is nothing wimpy about this Italian Sausage Tortellini Soup. It makes a great meal, especially on a cold winter’s day!
ITALIAN SAUSAGE TORTELLINI SOUP
Soup with Italian sausage, cheese tortellini, red peppers, and kale. Everyone always requests this recipe!
yield: SERVES 6 
prep time: 10 MINUTES 
cook time: 30 MINUTES
total time: 40 MINUTES

INGREDIENTS:
  • 1 lb. Italian Sausage, rolled into 3/4 teaspoon size balls
  • 1 tablespoon olive oil
  • 1 small onion, diced
  • 3 cloves garlic, minced
  • 2 red bell peppers, diced
  • 1 bay leaf
  • 1/8 teaspoon red pepper flakes
  • 8 cups vegetable or chicken broth
  • 2 (15 ounce) cans diced tomatoes
  • 1 1/2 cups chopped kale
  • 2 cups cheese tortellini (fresh or frozen)
  • 1/4 cup chopped fresh basil
  • Salt and black pepper, to taste
DIRECTIONS:
  1. In a large skillet, brown the mini sausage balls until cooked through. This will take about 5-7 minutes. Drain off the grease and place the sausage balls on a plate lined with paper towels.
  2. In a large pot, heat the olive oil over medium high heat. Add the onion and cook until tender, 3-4 minutes. Stir in the garlic and cook for 2 minutes. Stir in the red peppers, bay leaf, and red pepper flakes. Cook until peppers are soft, about 3 minutes.
  3. Stir in the broth, tomatoes, and kale. Add the cheese tortellini and cook until tortellini is tender, 7-8 minutes. Stir in the fresh basil and season with salt and pepper, to taste. Stir in the mini sausage balls and heat until warm. Remove the bay leaf and serve.
Note-you can make this soup vegetarian by using vegetable broth and omitting the sausage. Josh always ladles up my bowl first, and then adds the sausage. This soup recipe is very adaptable!
All images and text ©Two Peas & Their Pod.

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