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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!

INSTANT POT SALSA CHICKEN WITH LIME AND MELTED MOZZARELLA

INSTANT POT SALSA CHICKEN WITH LIME AND MELTED MOZZARELLA
Instant Pot Salsa Chicken with Lime and Melted Mozzarella is a pressure cooker version of my super-popular Slow Cooker Salsa Chicken with Lime and Melted Mozzarella. And whether you use the Instant Pot or the Slow Cooker, this is a dinner the family will love! Use Pressure Cooker Recipesto find more ideas for your Instant Pot!
INSTANT POT SALSA CHICKEN WITH LIME AND MELTED MOZZARELLA
yield: 4-6 SERVINGS
total time: 21 MINUTES, PLUS TIME TO COME TO PRESSURE AND RELEASE PRESSURE
prep time: 15 MINUTES
cook time: 6 MINUTES, PLUS TIME TO COME TO PRESSURE AND RELEASE PRESSURE
Instant Pot Salsa Chicken with Lime and Melted Mozzarella is an easy dinner the whole family will love. Make this in the slow cooker if you prefer that method!

INGREDIENTS:
  • 4 boneless, skinless chicken breasts, trimmed
  • 3/4 cup low-sugar salsa, mild or medium (see notes)
  • 2 T fresh-squeezed lime juice (see notes)
  • salt and fresh-ground black pepper to taste for seasoning chicken
  • 1 cup grated Mozzarella (or more)
  • Optional toppings like diced avocado, sour cream, or Green Tabasco Sauce to add at the table.
DIRECTIONS:
  1. Trim visible fat and undesirable parts from the chicken breasts.
  2. Spray the instant pot with nonstick spray, put chicken in the Instant Pot and season with salt and fresh-ground black pepper.
  3. Mix the salsa and fresh lime juice. (I used my fresh-frozen lime juice for this recipe.) Pour the salsa-lime juice mixture over the chicken.
  4. Lock the lid of the Instant Pot. Set it to MANUAL, HIGH PRESSURE, 6 minutes.
  5. Let pressure release naturally when the time is up, then remove the chicken breasts to a cutting board, leaving the salsa mixture in the pot.
  6. Turn the Instant Pot to SAUTE, HIGH TEMPERATURE, and cook until the sauce has reduced and thickened, about 8-10 minutes, but I would check it a few times.
  7. While the sauce cooks down, preheat oven broiler and move the rack so it’s about 6 inches away from the broiler.
  8. Spray a baking dish with nonstick spray. Cut chicken breasts in half lengthwise and arrange them closely together in the baking dish.
  9. When the sauce has thickened to your linking, turn off Instant Pot and spoon the sauce over the chicken. Sprinkle with a generous amount of grated Mozzarella.
  10. Broil until the cheese is melted and slightly starting to brown, about 4-5 minutes, but watch it carefully if you have a powerful broiler.
  11. Serve hot, with diced avocado, sour cream, or Green Tabasco Sauce to add at the table if desired.
NOTES:
I used Pace Picante Sauce, which has 1 gram of sugar in 2 tablespoons.
I used my fresh-frozen lime juice.
This recipe is an Instant Pot version of Slow Cooker Salsa Chicken with Lime and Melted Mozzarella. That recipe was created by Kalyn and adapted for the Instant Pot with help from Jake and Kara.
All images and text ©Kalyn Denny for Kalyn's Kitchen.

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