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 Shrimp Tacos with Pineapple Chipotle Sauce ~ Made with saute shrimp, slaw, avocado, tomato-jalapeño salsa, and topped with a pineapple chipotle sauce. These shrimp tacos are a fast and flavorful weeknight dinner with a sweet and spicy kick.
Seriously, what is not good about perfectly seasoned jumbo shrimp laying on a bed of slaw, avocado, tomato, and jalapeño salsa wrapped with warm corn tortillas and drizzled with a sweet and spicy pineapple-chipotle sauce?

Doesn’t that just make your mouth water?
What makes these tacos extra delicious? The incredible sauce. To make it, I mixed chipotle peppers in adobo sauce, mayo, lime juice and Dole Crushed Pineapple in a food processor until well combined. This sauce comes together in just about 2 minutes and I can already think of multiple dishes you can add it to and make them stand out!
Easy Shrimp Tacos with Pineapple Chipotle Sauce
Made with saute shrimp, slaw, avocado, tomato- jalapeño salsa, and topped with a pineapple chipotle sauce. These shrimp tacos are a fast and flavorful weeknight dinner with a sweet and spicy kick.
For the Sauce
  • ½ chipotle pepper in adobo sauce
  • ½ teaspoon adobo sauce from chipotle peppers
  • 2 tablespoons Dole Crushed Pineapple
  • 1 tablespoon mayonnaise
  • 1 teaspoon lime juice freshly squeezed
  • A pinch of salt
For the Tacos
  • 1 pound jumbo shrimp peeled and deveined
  • ½ teaspoon paprika
  • 1 tablespoon vegetable oil
  • 6 corn tortillas
  • 1 cup slaw
  • 1 medium tomato cubed
  • 1 jalapeño cubed
  • ½ an avocado cubed
  • 1 tablespoon cilantro roughly chopped
  • Juice from 1 ½ lime freshly squeezed
  • Salt and pepper to taste
  1. In a food processor, mix chipotle pepper, adobo sauce, pineapple, mayonnaise, 1 teaspoon lime juice and a pinch of salt until well combined. Set aside.
  2. Season shrimp with paprika, 1 teaspoon lime juice, salt and pepper. Heat oil in a frying pan and cook shrimp for about 3-4 minutes on each side. Remove from heat and set aside.
  3. In a comal, warm tortillas for about 1-2 minutes on each side, or until soft and pliable.
  4. Season slaw with 1 teaspoon lime juice, salt and pepper. Set aside.
  5. Mix together tomato, jalapeño, avocado, cilantro, 1 teaspoon lime juice, salt and pepper to taste.
  6. To build your tacos, layer slaw, tomato and avocado salsa over the tortilla. Top with shrimp and drizzle over the top with pineapple chipotle sauce.
  7. Serve immediately.


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