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!

CHICKEN PARMESAN MEATLOAF

Moist and tender Chicken Parmesan Meatloaf is loaded with the flavors of Italian herbs and garlic, all topped with sauce and yummy melty cheese. It's a dinnertime favorite!


I don't know about you, but I'm not much for New Year's resolutions. Seems I'm not very good at keeping them ... so why set myself up for failure, right? Because, truth be told, I'm not much for failure either.

But in looking back through The Kitchen Is My Playground's Recipe Index recently, one resolution did jump out at me. And it's one I may actually be successful at keeping.

See, in perusing the Recipe Index, I noticed something ... I noticed that I don't actually have that many main dishes shared here on the blog. Lots of appetizers ... lots of desserts ... lots of sides. {Which could stem from the fact that I truly think I could subsist on appetizers, desserts, and sides alone.}

But by comparison, very few main dishes.

I'm not sure why this is. Perhaps I haven't felt many of the main dishes I make are of interest for the blog? Because I do cook fairly simply when it comes to mains. Or perhaps I haven't been able to time my dinner cooking right to still catch the light for photos? Or maybe it's that I get stuck in a dinner rut and make the same mains over and over again? Could be.

But I'm aiming to change this. So in 2016 I'm going to go out on a limb and make a resolution. In 2016, I resolve to photograph and share more main dishes here on The Kitchen is My Playground.

And I'm starting off with two of our absolute favorites ... the Shrimp & Pesto Pizza with Sun-Dried Tomatoes I shared last week, and this tender-and-flavorful Chicken Parmesan Meatloaf.





Yes, this Chicken Parmesan Meatloaf is a regular in our dinner rotation. It can certainly be made with ground turkey, as well, but I find ground chicken to be much more flavorful. With the addition of lots of Italian herbs, garlic, onion, and a topping of pasta sauce and melty cheese, that chicken gets even more flavorful!



As stated in the recipe, I do recommend grating the onion. Grating better distributes the onion throughout the meatloaf, and ensures you don't bite into a big onion hunk. I use a microplane grater placed across my mixing bowl, and grate the onion right into the bowl. A food processor works great, too.


Before baking, top the meatloaf with pasta sauce ...







The result? Tender and moist Chicken Parmesan Meatloaf loaded with the flavors of Italian herbs and garlic, all topped with sauce and yummy melty cheese.


Hmmmm, not only do I resolve to share more main dishes here on The Kitchen is My Playground, I may just need to resolve to make Chicken Parmesan Meatloaf more often, too. I think those are both resolutions I can be successful at keeping.




Chicken Parmesan Meatloaf



Ingredients

2 lbs. ground chicken
2 eggs, beaten
1/2 c. Italian-style seasoned bread crumbs
1 medium onion, grated
3/4 c. grated Parmesan cheese
1/3 c. milk
1 tsp. dried basil
1 tsp. dried thyme
1 tsp. dried oregano
1 clove garlic, finely minced {or 1/4 tsp. garlic powder}
1 tsp. salt
1/2 tsp. black pepper
3/4 c. prepared pasta sauce
3 slices provolone cheese
1/2 c. shredded mozzarella cheese


Directions

Place ground chicken, eggs, bread crumbs, grated onion, Parmesan cheese, milk, basil, thyme, oregano, garlic, salt, and pepper in a large mixing bowl. Stir until just combined. {Do not over handle, as this will cause the meatloaf to be tough.}
Grease a loaf pan. Place ground chicken mixture in pan. Top with pasta sauce.
Bake at 350 degrees for 55 minutes. Remove from oven and top with provolone cheese slices and mozzarella cheese. Place back in the oven and bake until cheese is melted, about 5 to 7 minutes.
Remove from oven and allow to rest for 5 to 10 minutes before serving. Garnish with parsley, if desired.
Enjoy!


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