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!

21 DAY FIX ROASTED SHRIMP COCKTAIL WITH CRANBERRY HORSERADISH CHUTNEY

This 21 Day Fix Roasted Shrimp Cocktail with Cranberry Horseradish Chutney is the perfect protein packed Thanksgiving appetizer!  You’ll still have plenty of room (and containers) to indulge in your holiday meal!  



Confession # 123 – I’m still getting used to the idea that it’s already holiday season in the blogger world.

Maybe because it’s a crisp 90 degrees out today and my mind is still on all those summer recipes I never got around to sharing.

But it’s nearly October and, for a food blogger, that means it’s practically Thanksgiving.   Yup.  Skipped right over Halloween.  We might as well start talking about Christmas, too.  Fa-la-la-la-la-la-la-la-la.  

As a FIXer, it’s good to start talking about the holidays early because it can be tough staying on track (pumpkin pie – I’m looking at you). It takes some careful planning, but you can enjoy healthy and delicious versions of your favorite holiday foods all season long.

This year, I am working with three of my favorite bloggers from the 21 Day Fix World:  Stephanie from The Foodie and The Fix,  Becca from My Crazy Good Life, and Carrie from Carrie Elle.   We have a some amazingly-yummy-nobody-would-ever-know-they-are-healthy Thanksgiving dishes for you all that will be perfect for the whole holiday season…and we are sharing some of our favorites today!

So stick with us. <3

Appetizers can be tricky on Thanksgiving.  I mean, who wants to waste their appetite (and containers) before the meal even starts?  But you kind of need to have SOMETHING to put out while you are putting the finishing touches on dinner.

I absolutely LOVED my 21 Day Fix Cranberry Holiday Salsa from last year’s Thanksgiving and I also dig a good bruschetta like my Holiday Bruschetta Appetizers {21 Day Fix}.
And, of course, this shrimp cocktail, which I make for every holiday and I have been wanting to share with you for years.  Now I have the perfect reason to.

And it’s really the perfect Thanksgiving starter for a FIXer.  Think about it – you will only essentially be giving up a little red if you indulge in this tasty app!  You still have a TON of colors left for the rest of the meal…right?

Ingredients

  • 2 pounds (15- 18 count) raw shrimp, pealed and deveined with the tail still on
  • 1 tablespoon olive oil
  • 1/2 teaspoon kosher salt
  • zest from 1 lemon
  • 1 1/2 cups of fresh cranberries
  • 2 T water
  • 2 T tomato paste
  • 2 T honey
  • 1 T horseradish (plus more to taste...I added an extra tsp)
  • salt and pepper

Instructions


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  1. Preheat your oven to 400 degrees.
  2. Place cleaned shrimp on a sheet pan (I line mine with parchment for easy cleanup) and coat them with the olive oil. Sprinkle shrimp with salt, then roast for 8 to 10 minutes, just until pink and firm and cooked through.
  3. Garnish with fresh lemon zest, then set aside to cool.
  4. For the sauce: heat cranberries and water over medium high heat until berries begin to burst, stirring consistently. Remove from heat and stir in remaining ingredients, adjusting horseradish and seasonings to taste. Chill in the fridge before serving with shrimp.

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