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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!

Bacon Wrapped Guacamole Stuffed Chicken

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Bacon Wrapped Guacamole Stuffed Chicken
It’s time to pull your grills out and celebrate summer by making these bacon wrapped guacamole stuffed chicken breasts! I took two of my favourite foods, bacon and avocado and combined them into a tasty dinner that is just begging to be grilled! Although this recipe might look a little challenging with the stuffing and the wrapping, it’s actually pretty easy! You start off by pounding the chicken breasts until they are about 1/4 inch thick with a meat mallet (I have used a rolling pin to do this) and then you just place the guacamole on top of one side and roll it up. You can either wrap the bacon around the chicken one slice at a time to ensure a single layer of bacon or you can just lay a few strips of bacon out, place the chicken on one end and wrap it all up in one go. The essential thing about this recipe is to get the bacon nice and crispy and this is easy on the grill but if you are stuck indoors you can either pan fry the wrapped chicken and then place it in the oven or you can cook it in the oven and then turn the oven up to broil. No matter how you do it this bacon wrapped guacamole stuffed chicken is sure to be the talk of the town!
Mmmm… crispy bacon-y goodness!
I know what you are thinking right now: "But Kevin, this meal only includes two of the three major food groups; you’ve got the bacon and avocado but where is the cheese?" Well, I’ve got you covered, or rather I got these tasty bacon wrapped guacamole stuffed chicken breasts covered, in plenty of cheese and then placed back on the grill until it melts!
Bacon Wrapped Guacamole Stuffed Chicken
Prep Time:10 minutes 
Cook Time:20 minutes 
Total Time:30 minutes 
Servings: 4

Tender chicken breast stuffed with creamy guacamole and wrapped in bacon that’s grilled until the bacon is nice and crispy!

ingredients
  • 4 (6 ounce) chicken breasts, butterflied or pounded thin
  • salt and pepper to taste
  • 1/2 cup guacamole
  • 8 slices bacon

directions
  1. Lay the chicken flat, season the outside with salt and pepper, spread 1/4 of the guacamole on each of the chicken breasts, roll them up and wrap each in 2 slices of bacon
  2. Grill over indirect medium heat, with the lid down, until the bacon is crispy and the chicken is cooked (160 F to 165 F), about 20-30 minutes, or bake in a preheated 400 F/200 C oven on a wire rack on a baking pan until cooked, about 20-30 minutes, turning the oven to broil for the last few minutes to ensure that the bacon is crispy.
Option: Replace the salt and pepper with your favourite seasoning blend.
Option: Add flavours to the guacamole like sundried tomatoes or blue cheese, etc.

Nutrition Facts: 
Calories 338, 
Fat 17.5 g (Saturated 3.6 g, Trans 0), 
Cholesterol 104 mg, 
Sodium 670 mg, 
Carbs 4.3 g (Fiber 2 g, Sugars 1 g), 
Protein 44.5 g


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