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!


This AMAZING Side Dish Takes Mashed Potatoes To A New Level! Cheesy Mashed Potato Casserole Is Filled With Potatoes, Cream Cheese, Sour Cream, Butter, Cheese, Bacon And More. No Other Casserole Is As Creamy, Cheesy, And Delicious As This Cheese Potato Casserole!
Twice Baked Mashed Potatoes with Cream Cheese
Have I mentioned my love for potatoes?! The starchy vegetable is my favorite, and it’s probably a favorite of yours too since I haven’t met a person who doesn’t like potatoes. Ever since I was little, mashed potatoes have been a favorite and is something my mom made at least once or twice a month. Surprisingly, I’ve only made mashed potatoes a handful of times for my own family but I do make several other versions to change things up to where we have them at least once or twice a month as well. A few months ago, I decided to try even another way to make potatoes using a recipe for Cheesy Mashed Potato Casserole.
How did they turn out?? This mashed potato casserole was PHENOMENAL!! In fact, I felt like it was a little easier than regular potatoes and that it was even more flavorful. It’s probably because there was cream cheese, butter, sour cream, more cheese and bacon to go with it. In fact, this pretty much reminded me of Twice Baked Potatoes and although I have a recipe for Twice Baked Potato Casserole that is great, this one is more creamy!!
Can’t go wrong with cheese and bacon on top!!
How to make this Mashed Potato Casserole:
The awesome thing about this recipe is that you can make it ahead and refrigerate it. This is helpful if you’re making several dishes for a holiday meal or bit gathering! Here are the instructions.
Peel and cube the potatoes, then place them in a pot and add enough water to just cover the potatoes. Bring them to a boil, reduce to a simmer and cook for about 20 minutes.
Drain the water and mash the potatoes using a masher or spoon. Add sour cream, butter, cream cheese and milk, then mix until until well combined. Add salt and pepper. Next, fold in half of the bacon, 1 cup of cheddar cheese, and the parmesan cheese. Mix well.
Spoon the potatoes into a lightly greased 9×13 pan. Top with remaining cheddar cheese and bacon.
Bake at 350 for 20-25 minutes. Garnish with green onions and ENJOY

NOTE: If you are making this ahead and refrigerate it for a while, bake for an extra 10 minutes or so. About 30-35 minutes total. 
I also love that this recipe can feed up to 10 or 12. It’s great if you are having company over and like I mentioned before, it’s super easy!! If you love potatoes as much as me this recipe is a MUST in the monthly rotation. We’ll be in Arizona for Thanksgiving so I’m going to volunteer to make this for Turkey Day. I think these make ahead mashed potatoes will be a hit with the whole family!!

Cheesy Mashed Potato Casserole recipe

This AMAZING side dish takes mashed potatoes to a new level! Cheesy Mashed Potato Casserole is filled with potatoes, cream cheese, sour cream, butter, cheese, bacon and more. No other casserole is as creamy, cheesy, and delicious as this cheese potato casserole! 
Course Side Dish
Cuisine American
Prep Time 35 minutes
Cook Time 20 minutes
Total Time 55 minutes
Servings 12
Calories 469 kcal
Author Kristyn Merkley

  • 5 lb potatoes peeled and cubed
  • 1 c sour cream
  • 1/2 c butter
  • 8 oz cream cheese cubed
  • 1/2 c milk
  • 2 tsp garlic salt
  • pepper to taste
  • 12 slices bacon cooked, chopped, and divided
  • 2 c cheddar cheese divided
  • 1/2 c parmesan cheese
  • green onions for garnish

  1. Peel and cube potatoes.
  2. Place in pot and add water until just covering potatoes. Bring to boil. Once boiling, reduce to a simmer and cook for 18-20 minutes.
  3. Drain water and mash potatoes using a masher or spoon. Add sour cream, butter, cream cheese and milk until well combined. Add salt and pepper. Fold in ½ the bacon, 1 cup cheddar cheese, and parmesan cheese. Mix well.
  4. Spoon into lightly greased 9x13 pan. Top with remaining cheddar cheese and the rest of the bacon.
  5. Bake at 350 for 20-25 minutes. Garnish with green onions and ENJOY!
If making ahead refrigerate until ready to bake, and bake for 30-35 minutes.

Nutrition Facts
Cheesy Mashed Potato Casserole recipe
Amount Per Serving
Calories 469Calories from Fat 306
% Daily Value*
Total Fat 34g52%
Saturated Fat 18g90%
Cholesterol 89mg30%
Sodium 883mg37%
Potassium 912mg26%
Total Carbohydrates 25g8%
Dietary Fiber 4g16%
Sugars 1g
Protein 15g30%
Vitamin A17.1%
Vitamin C26.3%
* Percent Daily Values are based on a 2000 calorie diet.
Recipe adapted from McCormick.


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