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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!

SHREDDED CHICKEN PARMESAN SANDWICH

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This Shredded Chicken Parmesan Sandwich has tender, flavorful chicken coated in a quick, homemade tomato sauce sandwiched between two crisp slices of cheesy Texas Toast. If you’re looking for an easy weeknight dinner recipe, this is it!




You know those moments when you have a bright idea and it turns out amazing and it’s so easy that you can’t believe it’s so amazing? This was one of those moments!



My kids take turns spending weekends with their grandma. I love it because it gives me some one on time time with each of them. It was just my daughter and I last weekend and we were searching for something for dinner. I hadn’t taken anything out of the freezer and the fridge was pretty bare. I was exhausted from car shopping (because that’s SO much fun with a 7-year old tagging along, right?) so I needed something really easy.


The week before I had cooked up a bunch of my favorite Slow Cooker Shredded Chicken, so I pulled some of that out of the freezer. I noticed a half of a package of frozen Cheesy Texas Toast and it gave me an idea. These Shredded Chicken Parmesan Sandwiches were the awesome result.



How to Make Shredded Chicken Parmesan Sandwiches

I cooked a quick homemade tomato sauce with a little basil and oregano and simmered it for a few minutes before adding the shredded chicken. When it was heated through I added some fresh Parmesan and Mozzarella Cheeses. By that time the cheesy toast was nice and hot and crispy, so I just scooped out the chicken and more cheese onto the toast and melted it under the broiler. A little fresh parsley was the finishing touch.



We both scarfed these sandwiches down in minutes, and my daughter already is asking when I’m going to make them again! Your family will love the combination of tender chicken and flavorful tomato sauce with the crunchy cheesy bread. It’s an easy dinner recipe that’s perfect for busy weeknights…or weekends, or holidays, or a midnight snack…you get the idea.



INGREDIENTS
1 cup shredded chicken
8 ounces tomato sauce
1 teaspoon minced garlic
1/4 teaspoon basil
1/4 teaspoon oregeno
pinch of onion powder
pinch of salt
1/2 cup shredded Mozzarella cheese, divided
1/4 cup shredded Parmesan cheese, divided
4 slices cheesy Texas Toast (store bought, frozen)

INSTRUCTIONS

Preheat the oven and bake toast according to package directions.
Heat a teaspoon of olive oil in a small saucepan and cook garlic for 30 second; until fragrant. Add tomato sauce and seasonings and bring to a boil. Reduce heat and simmer for 5-7 minutes. Stir in chicken and cook until heated through. Stir in half of cheeses until melted.
Divide chicken mixture over two slice of cheese toast. Sprinkle remain cheese on top and place under the broiler for 2-3 minutes, or until cheese is melted.
Garnish with fresh parsley or basil (if desired) top with another slice of toast and serve hot.



Want more shredded chicken recipes? Here’s a favorite:

Barbecue Chicken & Pineapple French Bread Pizza



And here are even more shredded chicken recipes to try:

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