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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!

MAPLE BALSAMIC GLAZED PORK CHOPS

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The flavor of this maple balsamic glaze is to die for!  Slightly sweet, slightly tangy, and savory all combined in one glorious glaze that compliments the mild pork flavor so perfectly.


You could even make the glaze up beforehand and keep it refrigerated in an airtight container, which would make this an even QUICKER meal!

If you did happen to have some extra time, you could toss the pork chops in a quick brine, even for 30 minutes.  It will impart some extra flavor and juiciness… but isn’t necessary for a perfectly cooked pork chop.

MAPLE BALSAMIC GLAZED PORK CHOPS RECIPE

Tender, juicy, bone-in glazed pork chops are seared and coated in a lip-smacking maple balsamic vinegar sauce. Perfect for a weeknight dinner, or a party!



INGREDIENTS
PORK CHOPS:

  • 4 bone-in, center cut pork chops
  • olive oil
  • salt and pepper to taste

MAPLE BALSAMIC GLAZE:

  • 1/4 cup maple syrup
  • 3-4 Tbsp balsamic vinegar
  • 2 Tbsp beef broth
  • 1 1/2 tsp Dijon mustard
  • 1 clove garlic smashed
  • 1 sprig fresh rosemary
  • 1 sprig fresh thyme
  • salt and pepper to taste

INSTRUCTIONS

MAKE THE GLAZE:

  • In a small saucepan, combine all glaze ingredients.  Heat over MED heat until it reaches a low boil.  Cook until sauce reduces down, about 3 minutes, stirring occasionally.  Set aside.

COOK THE PORK CHOPS:

  • Place cast iron skillet in oven and preheat oven to 400 degrees F.
  • Pat chops dry with a paper towel, then rub with olive oil and sprinkle with salt and pepper.
  • Remove skillet from oven and place on burner over MED-HIGH heat.  Place chops in the skillet, you should hear them sizzle immediately.  Let cook 2-3 minutes to sear.  Brush pork with glaze.
  • Flip pork chops over, brush the other side with the glaze, and transfer skillet back to the hot oven.  Bake until a thermometer inserted into the center reads 140 degrees F (about 5-8 minutes, depending on the thickness of your pork chops).
  • Transfer pork chops to a plate, tent loosely with aluminum foil and let rest for 5 minutes.
  • Serve pork chops with a bit of the glaze drizzled over the top if desired

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