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Butterscotch Pie

Butterscotch Pie This Butterscotch Pie is perfect for any holiday meal! Buttery, rich and loaded with butterscotch flavor, it's a great ...

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TOURTIÈRE (CANADIAN MEAT PIE)

TOURTIÈRE (CANADIAN MEAT PIE) Tourtière is a Canadian meat pie popular during the winter holiday season, especially on Christmas Eve. In the...

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Cheddar Topped Shepherd’s Pie

Cheddar Topped Shepherd’s Pie It’s the perfect recipe to make anytime you are looking for some hearty and delicious comfort food! This ched...

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Individual Puff Pastry Beef Pot Pies

Individual Puff Pastry Beef Pot Pies Make one giant pot pie instead of individual pies. You can pour the entire beef stew mixture into a 9x1...

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STEAK AND MUSHROOM POT PIES

STEAK AND MUSHROOM POT PIES RICH, MEATY STEAK AND MUSHROOM POT PIES ARE THE ULTIMATE COMFORT FOOD AND PERFECT SERVED WITH STEAMED VEGETABLES...

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CROCKPOT CHILI FRITO PIE

CROCKPOT CHILI FRITO PIE Crockpot Frito Chili Pie – A recipe for Frito pie made simple using your crockpot! Simple homemade chili with plen...

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PEANUT BUTTER PIE

PEANUT BUTTER PIE You guys. This Peanut Butter Pie is OUT of this world. It is SO decadently dreamy. I’m in love!! PEANUT BUTTER PIE INGRED...

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Mom's Fabulous Chicken Pot Pie with Biscuit Crust

Mom's Fabulous Chicken Pot Pie with Biscuit Crust Mom's Fabulous Chicken Pot Pie with Biscuit CrustEntrée Prep 30 min Cook 25 min Re...

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MY GRANNY’S COCOA CREAM PIE

MY GRANNY’S COCOA CREAM PIE It’s simple and tasty. This recipe is a lovely quick desert often used during the 30’s and 40’s. You can use one...

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Classic Shepherd’s Pie Recipe with Crispy Cheddar Topping

Classic Shepherd’s Pie Recipe with Crispy Cheddar Topping This Classic Shepherd’s Pie Recipe is gravy-soaked beefy goodness, with peas and c...

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BLUEBERRY PIE BITES

BLUEBERRY PIE BITES READER'S FAVORITE RECIPES Little bites of delicious pie crust, each stuffed with a fresh blueberry and a little raw ...

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CHEESECAKE PIE

Pecan Pie Cheesecake

Pecan Pie Cheesecake Cheesecake and Pecan Pie together in one dessert. How could anything be better? This outrageously good Pecan Pie Cheese...

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APPLE RECIPES PIE

BEST APPLE PIE RECIPE EVER

BEST APPLE PIE RECIPE EVER This made-from-scratch apple pie is the king of all apple pies! Sweet apples with a perfect texture and a hint o...

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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!