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 JALAPEÑO PEPPERS STUFFED WITH CREAM CHEESE

You’ll love these bacon wrapped jalapeño peppers stuffed with cream cheese and shredded cheddar. Similar to jalapeño poppers except that these are low-carb, keto, and baked in the oven.


You just only need five ingredients to make this easy and fun party appetizer. I’ve been making these bacon wrapped jalapeño peppers for the past few years and they are always a winner.

If you can’t tolerate chili peppers at all but you still want to try these out, I recommend using mini sweet bell peppers instead of jalapeños. You might have seen them in the produce section of your grocery store — they usually come in clear packaging with various colors and are about the same size as a jalapeño.


Bacon Wrapped Jalapeño Peppers Stuffed with Cream Cheese
You’ll love these bacon wrapped jalapeño peppers stuffed with cream cheese and shredded cheddar. Similar to jalapeño poppers except that these are low-carb and baked in the oven.


Ingredients

  • 6 jalapeño peppers (about 8 ounces) sliced lengthwise in half with seeds and membranes removed
  • 6 slices bacon cut widthwise in half
  • 4 ounces cream cheese
  • 1/2 cup shredded cheddar cheese
  • 1/2 teaspoon garlic powder

Instructions

  1. Add cream cheese to a microwave-safe mixing bowl. Microwave until slightly softened, about 15 seconds. Add cheddar cheese and garlic powder. Mix until combined.
  2. Stuff each pepper half with the cream cheese mixture. Wrap a halved bacon slice around each pepper. Secure with a toothpick as needed.
  3. Place the stuffed peppers in a single layer onto a baking tray.
  4. Bake at 400 F until the cheese is starting to brown, about 20 minutes. Turn on the broiler and broil for a few minutes to crisp up the bacon. Remove from the oven and let cool for 10 minutes before serving.

Nutrition Notes : 

This recipe yields 1 g net carbs per serving (1 bacon wrapped jalapeño half).


Nutrition Facts Per Serving
Calories 70 
Total Fat 5g8%
   Saturated Fat 3g16%
   Trans Fat 0g 
Cholesterol 18mg6%
Sodium 120mg5%
Potassium 20mg1%
Total Carb 1g0%
   Dietary Fiber 0g1%
   Sugars 0.5g 
Protein 3g 
Vitamin A 4% · Vitamin C 14% · Calcium 4% · Iron 0%

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