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!

COFFEE RUBBED BURGERS WITH DR PEPPER BBQ SAUCE

These coffee rubbed, savory Angus beef burgers, rubbed with a rich and flavorful coffee seasoning mix, paired with peppered bacon and a completely delicious homemade Dr Pepper BBQ sauce! You’ll be putting that sauce on everything!

This shop has been compensated by Collective Bias, Inc. and its advertiser, Dr Pepper. All opinions are my own. 

Sometimes… you just need a big, juicy, flavorful burger!!  Especially one like this… that coffee rub is crazy good, and then the Dr Pepper BBQ sauce… o. m. g.  There’s coffee in the rub and a little bit in the sauce… sooooo does that mean that I can technically call this a breakfast food?  I say, sure! Because once you taste this burger, you’re going to want it for breakfast, lunch, dinner, snacks, and maybe in the middle of the night 😉
Not your average burger! Juicy beef burgers seasoned with a spiced coffee rub, topped with peppered bacon and a lip smacking Dr Pepper BBQ sauce!
INGREDIENTS
  • COFFEE RUB SEASONING MIX:
  • 1.5 Tbsp ground coffee
  • 1/2 Tbsp salt
  • 1/2 Tbsp paprika
  • 1/2 Tbsp brown sugar
  • 1/2 Tbsp pepper
  • 1/2 Tbsp onion powder
  • 1/2 Tbsp garlic powder
  • 1/4 Tbsp coriander
  • DR PEPPER BBQ SAUCE:
  • 2 Tbsp butter
  • 1/2 yellow onion diced
  • 3 cloves garlic roughly minced
  • 1/2 cup ketchup
  • 1 1/2 Tbsp tomato paste
  • 6 oz Dr Pepper
  • 1/4 cup apple cider vinegar
  • 2 1/2 Tbsp Worcestershire sauce
  • 1/4 cup brown sugar packed
  • 1 tsp ancho chile powder
  • 1/2 tsp salt
  • 1/4 tsp pepper
  • 3 Tbsp brewed coffee
  • BURGERS:
  • 2 lbs Angus ground beef 85/15
  • 2 Tbsp Dr Pepper BBQ sauce
  • salt and pepper
  • Pretzel buns
  • Arugula lettuce
  • 8 slices peppered bacon
  • 2 Tbsp butter

INSTRUCTIONS
  1. Combine coffee rub seasoning mix ingredients in a small bowl and mix together with a fork. Set aside.
  2. Melt butter over MED heat in a saucepan. Add onion and garlic and saute until soft and translucent, about 8-10 minutes.
  3. Add remaining sauce ingredients, stir to combine. Bring to a low boil, reduce heat and simmer for 20 minutes, until sauce has thickened.
  4. Pour sauce into blender or food processor and puree. Set aside to cool.
  5. To a mixing bowl, add ground beef, salt, pepper and 2 Tbsp cooled bbq sauce. Mix well with your hands. Divide into 4 equal sections. Each burger will be 1/2 pound.
  6. Rub coffee rub seasoning mix over both sides of each burger.
  7. Heat a large skillet over MED-HIGH heat, add a small pat of butter and toast the pretzel buns (sliced side down). Remove from pan to cool.
  8. Add 1 Tbsp butter to skillet and add burgers. Cook for about 4-5 minutes per side, until burger is cooked to desired doneness.
  9. Spread BBQ sauce over both sides of pretzel bun, layer arugula, burger, peppered bacon, then add the top bun.
RECIPE NOTES
** additional topping options include aged cheddar cheese slices and caramelized onions

Recipe Source:thechunkychef.com

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