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ONE POT MACARONI AND CHEESE

ONE POT MACARONI AND CHEESE One Pot Mac and Cheese is a simple version of your classic childhood favorite. It’s creamy, delicious with three...

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PHILLY CHEESE STEAK CASSEROLE

PHILLY CHEESE STEAK CASSEROLE This Philly Cheese Steak Casserole is such an easy delicious dinner! Full of the Philly Cheese Steak flavor y...

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CHEESE CHICKEN KETO RECIPES

Keto Cheesy Spinach Stuffed Chicken Breast

Keto Cheesy Spinach Stuffed Chicken Breast This crowd pleasing keto cheesy spinach stuffed chicken breast recipe is so incredibly tasty that...

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CHEESE POTATO

CHEESY RANCH POTATOES – MY FAVORITE POTATO RECIPE

CHEESY RANCH POTATOES – MY FAVORITE POTATO RECIPE Cheesy Ranch Potatoes – these are my favorite potato recipe ever! You only need 3 ingredie...

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CHEESE POTATO

MISSISSIPPI MUD CHEESY POTATOES

MISSISSIPPI MUD CHEESY POTATOES Note: This is a republication of a post that I shared in March. With the Thanksgiving season upon us, I thou...

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CHEESE CHICKEN PARMESAN

Three Cheese Chicken Parmesan Recipe

Three Cheese Chicken Parmesan Recipe This Three Cheese Chicken Parmesan Is Sure To Be A Hit With Everyone That Tries It. It Has Three Differ...

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APPETIZERS CHEESE

Fried Mac and Cheese Bites Recipe

Fried Mac and Cheese Bites Recipe Fried Mac and Cheese Balls, Fried Mac and Cheese Bites … call them what you will, because they’re both del...

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CHEESE GARLIC SPAGHETTI

CREAMY, FOUR CHEESE SPAGHETTI

CREAMY, FOUR CHEESE SPAGHETTI This Four Cheese Spaghetti is ultra creamy and garlicky. It comes together in under 20 minutes, making it a pe...

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CHEESE PIZZA

BASIC CHEESE PIZZA

BASIC CHEESE PIZZA I just tried this recipe and it was GREAT. I have spent many wasted hours on other recipes that made me feel that I was l...

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CHEESE PIZZA

Caramelized Onion, Goat Cheese, and Prosciutto Pizza

Caramelized Onion, Goat Cheese, and Prosciutto Pizza Yield: 1 12-inch pizza Have you been getting any summer reading done? I so wish I could...

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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!