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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!

CHICKEN PARMESAN MEATBALLS

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CHICKEN PARMESAN MEATBALLS
I am SO incredibly excited to share these Chicken Parmesan Meatballs. Truthfully, I don’t use ground chicken very often. It’s not because I don’t like it. I just don’t think of it. I was scavenging through the ice cold dark pit of my kitchen, aka my freezer, there’s way too much stuff in that thing. And I was attempting to use some of the stuff up, so that meat doesn’t become freezer burnt and old. I found two lbs of ground chicken in the way back that I had forgotten about. When I saw it in the store, I didn’t really know what I was going to do with it, but an idea was starting to form… Chicken Parmesan Meatballs. So that was it- I knew it had to happen.

CHICKEN PARMESAN MEATBALLS
Crispy chicken meatballs, topped with a flavorful marinara and mozzarella cheese.
Prep Time 10 minutes
Cook Time 25 minutes
Total Time 35 minutes
Servings 8
Author Star

Ingredients
  • 2 lbs ground chicken (93% lean, 7% fat)
  • 1 small onion , diced (or two TBS dried minced onion)
  • 3 cloved garlic , chopped (or two TBS minced garlic)
  • 1/2 cup fresh parsley , chopped
  • 1/4 cup bread crumbs
  • 1 egg
  • 1/2 tbs italian seasoning
  • 1 tsp salt
  • 1 tsp pepper
  • 1/2 a medium zucchini , grated
  • 2 oz parmesan , grated
  • About 1 cup Daily Dose of Pepper Slow Cooker Marinara , or marinara of your choice
  • 1 cup reduced fat shredded mozzarella
  • Cooking Spray , I use Olive Oil cooking spray
Instructions
  1. Preheat oven to 400 degrees. In a large mixing bowl, add the first 11 ingredients and combine together thoroughly with your hands. Roll into meatballs slightly larger than a golf ball, and place onto a sheet pan with sides, lined with parchment paper or aluminum foil. Top each meatball with 1-2 tbs of marinara and large pinch of mozzarella. Place in oven for 25 minutes. Garnish with some fresh parsley. Enjoy!
Recipe Notes
Serving size: 3 Meatballs
6 Freestyle Smart Points (calculated with Weight Watchers Recipe Builder)
6 Smart Points (calculated with Weight Watchers Recipe Builder)
260 Calories 11g fat. 4g saturated fat. 4g carbohydrates. 1g fiber. 1g sugar. 28g protein (calculated with My Fitness Pal)

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