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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!

Hasselback Potatoes Stuffed with Garlic Bacon

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Hasselback Potatoes Stuffed with Garlic Bacon
Roasted in garlic, these Hasselback Potatoes coated in Parmesan are as impressive on the plate as they are on the palate. They are not hard to make, but they are a bit time consuming because you have to open up every slit and slide in some bacon, but as a side dish, completely worth your time.
The exterior of the potato and the cheese mixture and bacon that is extending beyond the potato is crispy and flavorful.
The bacon stuffed into the potato is softer, almost like a Canadian bacon texture.
I mean it’s no candy bacon, but you get the point.

Hasselback Potatoes
Ingredients – Now don’t let this list for the Parmesan crusted potatoes scare you. It’s mostly just the perfect blend of seasonings!
  • 4 potatoes, washed -used russet
  • 4 tablespoons butter, melted
  • 1/2 cup grated Parmesan cheese
  • 1 tablespoon garlic powder
  • 1 teaspoon salt
  • 1 teaspoon Italian seasoning
  • 1/4 teaspoon pepper
  • 6 slices bacon, cut into 2″ pieces
  • chopped fresh parsley (optional for garnish, or try sliced green onions)
  • Your prep time is 15-20 minutes and then add baking
Note: Serve along side this BBQ Chicken Recipe
Parmesan Potatoes
There are many ways to eat a potato, but making them up hasselback style is a family favorite. The recipe can look intimidating but its all about cutting and stuffing, so no chef skills really need (just good knives). Now what is a hasselback potatoe? Hasselback potatoes or “Potato à la Hasselbacken” are baked potatoes that are cut halfway through and stuffed!
Preheat oven to 400 and generously grease a baking sheet. If desired, add parchment paper to the baking sheet and grease the parchment paper. Set aside.
Place 2 wood spoons next to a potato.
Use a knife to slice 1/4″ slices into the potato, using the spoons as a guide to stop the slice so you are not cutting all the way through the potato.
Repeat until all potatoes are cut.
In a small, shallow bowl, add Parmesan cheese, garlic powder, salt, Italian seasoning and pepper and mix well.
Dip the potato in butter and roll to coat all sides.
Dip the potato in the cheese mixture and roll to coat.
Use a knife to separate the pieces of potato and aid in sliding a piece of bacon into each slit on the potato.
When complete, sprinkle with additional cheese seasoning and place on a baking sheet.
Bake for 40 minutes.
When cooking is complete, remove from oven and garnish with fresh chopped parsley if desired.
Serves 4
Hasselback Potatoes Parmesan Crusted and Stuffed with Bacon
Prep Time 15 mins
Cook Time 40 mins
Total Time 55 mins

Hasselback Potatoes Parmesan Crusted and Stuffed with Bacon is a perfect side dish, learn how to cut a hasselback potato and roast in garlic butter
Course: Side Dish
Cuisine: American
Keyword: hasselback, potato, side dish
Servings: 4 people
Author: Salty Side Dish

Ingredients
  • 4 potatoes washed
  • -used russett
  • 4 tablespoons butter melted
  • 1/2 cup grated Parmesan cheese
  • 1 tablespoon garlic powder
  • 1 teaspoon salt
  • 1 teaspoon Italian seasoning
  • 1/4 teaspoon pepper
  • 6 slices bacon cut into 2" pieces
  • chopped fresh parsley optional for garnish, or try sliced green onions
Instructions
  1. Preheat oven to 400 and generously grease a baking sheet. If desired, add parchment paper to the baking sheet and grease the parchment paper. Set aside.
  2. Place 2 wood spoons next to a potato. Use a knife to slice 1/4" slices into the potato, using the spoons as a guide to stop the slice so you are not cutting all the way through the potato. Repeat until all potatoes are cut.
  3. In a small, shallow bowl, add Parmesan cheese, garlic powder, salt, Italian seasoning and pepper and mix well.
  4. Dip the potato in butter and roll to coat all sides. Dip the potato in the cheese mixture and roll to coat. Use a knife to separate the pieces of potato and aid in sliding a piece of bacon into each slit on the potato. When complete, sprinkle with additional cheese seasoning and place on a baking sheet.
  5. Bake for 40 minutes. When cooking is complete, remove from oven and garnish with fresh chopped parsley if desired.
Recipe Notes
Serves 4


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