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!

Easy Slow Cooker Keto Taco Soup

This Easy Slow Cooker Keto Taco Soup is Perfect for Fall!
Need an easy soup for autumn?
Get out your slow cooker and try this easy, DELICIOUS creamy taco soup recipe! It’s warm and comforting for cooler evenings and perfect to make any day of the week.
Everyone loves tacos, and this soup has all those delicious flavors in an easy to make soup. And yes, this soup is low carb and keto friendly, but really anyone who loves a hearty ground beef soup would ultimately enjoy this! SO GOOD.
Not a lot of effort required!
Yep, that’s also my favorite part! Simply brown your ground meat, throw in the rest of ingredients, and let your slow cooker do its magic! The combination of meat and Rotel diced tomatoes make this hearty soup filling, and all the seasonings provide lots of deep flavor.
Easy Slow Cooker Keto Taco Soup
Serves: 8
Prep Time: 10 minutes

  • 2 lbs. ground beef
  • 2 cloves garlic, minced
  • 1/2 cup onion, diced
  • 2 tablespoons homemade taco seasoning (THIS RECIPE)
  • 1/2 teaspoon ancho chile powder
  • 2- 10 oz. cans Rotel with green peppers
  • 8 oz. block cream cheese
  • 1/2 cup fresh cilantro, chopped
  • 4 cups beef broth
  • optional toppings: (shredded cheese, jalapeno, and avocado)
Step 1: 
In a skillet on the stove, crumble and cook ground beef, diced onion, and garlic.
Step 2: 
Transfer ground beef mixture to slow cooker. Add seasonings and remaining ingredients.
Step 3: 
Close lid and cook on low for 4 hours, or 2 hours on high.
Step 4: 
Serve with your choice of toppings.

Additional Notes
Recipe adapted from

Prefer making soup in the Instant Pot Pressure Cooker?
Instant Pot Directions:
Set Instant Pot to “Saute” mode. Brown ground beef with onion and garlic. De-glaze pan with broth. Add the remaining ingredients. Close lid and set cook time for 5 minutes on ‘Soup” mode. Let pressure naturally release for 5 minutes. Stir well and serve with desired toppings.

Taco Soup Heaven!
Everyone enjoyed this soup including the kids! Feel free to add desired toppings like shredded cheese and diced avocado. If you like having leftover soup the next day like I did, this one tastes great re-heated! Enjoy!
Written by Lina for Hip2Save. 

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