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!

Bloody Mary garnished with Blue Cheese Stuffed Olives and Cucumber & Basil infused ice cubes


Bloody Mary garnished with Blue Cheese Stuffed Olives and
Cucumber & Basil infused ice cubes
Big Tom Spiced Tomato Mix never lets you down on making the best Bloody Mary!  Garnish with stuffed olives and infused ice cubes to create the ultimate taste sensation.

Serves 6

Prep time: 20 minutes (plus hours to freeze ice cubes)
Cooking time: 5 minutes

Ingredients

For the ice cubes:
100g cucumber, chopped
14g basil, roughly chopped
½ green chilli, deseeded & chopped
350ml water
½ tsp light brown sugar
¼ tsp salt

For the stuffed olives:
40g Gorgonzola or blue cheese, crumbled
20 Spanish green pitted olives, dried thoroughly
30g plain flour
1 egg, beaten
30g Panko breadcrumbs
30g plain breadcrumbs
15g Parmesan cheese
Vegetable oil for frying

For the Bloody Mary:
3 x 75cl bottles of Big Tom Spiced Tomato Mix
Vodka

Method

1.    For the ice cubes, place all the ingredients into a blender and blitz.  Strain through a fine sieve and pour into an ice cube tray.  Freeze for at least 3 hours.
2.    For the stuffed olives, gently stuff each dried olive with a small piece of blue cheese and place on to kitchen towel. 
3.    In a large heavy based pan or deep fryer heat the oil to 180°C.
4.    Whilst the oil is heating place the flour in a bowl, the beaten egg in another bowl and then in another bowl mix together both breadcrumbs and parmesan cheese.
5.    When the oil is ready place 5 olives in the bowl with the flour.  Toss gently until fully covered.  Now place the olives into the egg, be sure to coat them thoroughly and finally cover in breadcrumbs.  Repeat until all olives are coated in breadcrumbs.
6.    Place the olives in the hot oil and fry for 30-45 seconds or until golden.  Very gently stir the olives in the oil so all sides fry evenly.  Transfer the olives to a kitchen towel covered plate to cool for a few minutes before serving.  The olives can be fried ahead and refrigerated to be enjoyed later.  To serve, reheat in a preheated 180°C oven for 2-3 minutes (watch closely).
7.    For the Bloody Mary, pour the Big Tom Spiced Tomato Mix into a glass with a good shot of vodka and add the ice cubes. Place a skewer through 3 olives and serve, cheers!

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