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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!

SIMPLE SHRIMP DIP

SIMPLE SHRIMP DIP
When you’re looking for a deliciously creamy dip that will be a hit at any party, this Simple Shrimp Dip is the perfect go-to dip recipe. Easy to make and packed with tiny shrimp, it’s a dip that will have you going back for more after every savory scoop!
Is it just me or are there certain members of your family you always seem to associate with a specific recipe or dish? When I think of my grandma (Mimi) I think of her sugar cookies. When I think of Ryan’s grandma (Bubbee), I think of glazed carrots and biscuits and gravy. When I think of my mother-in-law, I think of pineapple soufflé. When I think of my mom, I think of monkey bread, cheesepuff casserole and the best homemade stuffing in all the land.

When I think of my Aunt Laurie, I think of this simple shrimp dip!
My Aunt Laurie’s simple shrimp dip is a recipe she’s been making for as long as I can remember after her best friend Rhonda introduced it to her years ago. It was such a hit within our family that the dip began surfacing at every family party. Now it’s a staple family recipe I know I can look forward to anytime my mother’s side of the family gets together.
Aside from the sheer ease of assembling this recipe, the thing I love most about this shrimp dip is the fact that you can make it ahead of time. To be honest, I’d actually encourage you to make it ahead of time, as I think it tastes even better the next day. I don’t know about you, but whenever I’m preparing for a party, I’m all about checking things off my to-do list the day before chaos ensues. This dip can be one of those things!
An added bonus? The only chopping you’ll have to do to make this recipe is chopping up three tablespoons of onion. Aside from using a little muscle to stir through thick cream cheese, that’s all the real legwork you’ll need to do to assemble this dip. I didn’t title this recipe Simple Shrimp Dip for nothin’!

SIMPLE SHRIMP DIP

DESCRIPTION
When you’re looking for a deliciously creamy dip that will be a hit at any party, this Simple Shrimp Dip is the perfect go-to dip recipe. Easy to make and packed with tiny shrimp, it’s a dip that will have you going back for more after every savory scoop!

INGREDIENTS
  • 24 ounces cooked, deveined cocktail shrimp
  • 3 8-ounce packages cream cheese
  • 3 tablespoons horseradish
  • 3 tablespoons chopped onion
  • 1 1/3 cup pimento cheese
INSTRUCTIONS
  1. Combine all ingredients in a large bowl. Stir until everything is mixed together and place in the refrigerator for at least one hour.
  2. Serve with crackers and enjoy!
NOTES
This recipe makes a LOT of dip. We’re talking a TON. It’s perfect for a large party but if you’re hosting just a couple of people and want to serve this dip as an appetizer, I recommend cutting the recipe in half.
We love to serve the dip with an assortment of crackers but it is also delicious on top of cold cucumber slices!



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