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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!

EASY CHICKEN MARINADE

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Take your grilling to the next level with this Easy Chicken Marinade! Made with simple, everyday ingredients, this easy marinade comes together in minutes and gives the BEST flavor to grilled chicken.
It combines savory and sweet flavors with just a touch of spice for meat that’s moist, flavorful, and extremely versatile.
If you love grilled chicken, you’ll love the difference this marinade makes!
Take your grilling to the next level with this Easy Chicken Marinade! Made with simple, everyday ingredients, this easy marinade comes together in minutes and gives the BEST flavor to grilled chicken. It combines savory and sweet flavors with just a touch of spice for meat that's moist, flavorful, and extremely versatile. If you love grilled chicken, you'll love the difference this marinade makes!Save
I partnered with Pick ‘n Save to bring you this recipe. Thank you for supporting the brands that make Lemon Tree Dwelling possible!

I don’t know about you, but at this time of year I’m pretty much obsessed with grilling. And not just because it means my husband helps with dinner…although that’s clearly a nice bonus…but because summer and grilling were basically made for each other.
I love how quick it is, how effortless it feels, and the fact that anything grilled just tastes better. And I especially love the fact that grilling is such a great way to bring people together.
Whether it’s for a neighborhood barbecue, a Labor Day cookout, or a last minute dinner with friends, there’s something about grilling in summertime that’s simply irresistible.
Take your grilling to the next level with this Easy Chicken Marinade! Made with simple, everyday ingredients, this easy marinade comes together in minutes and gives the BEST flavor to grilled chicken. It combines savory and sweet flavors with just a touch of spice for meat that's moist, flavorful, and extremely versatile. If you love grilled chicken, you'll love the difference this marinade makes!Save

We love grilling all kinds of foods, but our go to is always chicken. Because grilled chicken is delicious on its own, in salads, like this Chicken Fajita Salad and this Cherry Almond Arugula Salad, or in so many other recipes. The possibilities for it are virtually endless.
And if you’ve grilled much chicken in your life, you know that a good marinade really does make all the difference. It keeps the chicken moist and tender, and the flavor it adds is EVERYTHING.
I’m a big fan of the flavors in this Easy Chicken Marinade because they’re the perfect blend of savory and sweet with just a touch of spice. And they goes well with any of the other flavors in your meal! Best of all, this marinade is made with ingredients you most likely already have on hand.
Take your grilling to the next level with this Easy Chicken Marinade! Made with simple, everyday ingredients, this easy marinade comes together in minutes and gives the BEST flavor to grilled chicken. It combines savory and sweet flavors with just a touch of spice for meat that's moist, flavorful, and extremely versatile. If you love grilled chicken, you'll love the difference this marinade makes!Save

And if you don’t have them on hand….you can find everything you need to make it at your local Pick ‘n Save. From the Simple Truth orange juice and olive oil to the Kroger lemon juice and seasonings, Pick ‘n Save has it all. Including the chicken!
I LOVE the fact that I’m always able to find exactly what I’m looking for when I shop there, and I love the great selection of products and brands.
And when it comes to this Easy Chicken Marinade, getting the ingredients is literally the hardest part. Once you have what you need, it’s simply a matter of measuring and mixing….and you have yourself a delicious marinade that truly is the ONLY marinade recipe you need.
Take your grilling to the next level with this Easy Chicken Marinade! Made with simple, everyday ingredients, this easy marinade comes together in minutes and gives the BEST flavor to grilled chicken. It combines savory and sweet flavors with just a touch of spice for meat that's moist, flavorful, and extremely versatile. If you love grilled chicken, you'll love the difference this marinade makes!Save

WHAT IS A MARINADE?

A marinade is a sauce, typically made of oil, vinegar, spices, and herbs, in which meat, fish, or other food is soaked before cooking in order to flavor or soften it.

HOW DO YOU MAKE CHICKEN MARINADE?

  1. In a large ziploc bag or container, combine 1/2 c. olive oil, 1/2 c. orange juice, 1/4 c. brown sugar, 2 Tbsp. lemon juice, 2 Tbsp. soy sauce, 1 Tbsp. worcestershire sauce, 2 cloves minced garlic, 1 tsp. dried minced onion, 1/2 tsp. dried thyme, 1/2 tsp. red pepper flakes, 1/2 tsp. salt, and 1/4 tsp. pepper. Stir until combined.
  2. Add 2 lbs. chicken, close bag, and shake gently until chicken is completely covered.
  3. Refrigerate for 2 hours or up to 2 days.
  4. Remove chicken from the bag and discard marinade.
  5. Grill or prepare chicken as desired.
Take your grilling to the next level with this Easy Chicken Marinade! Made with simple, everyday ingredients, this easy marinade comes together in minutes and gives the BEST flavor to grilled chicken. It combines savory and sweet flavors with just a touch of spice for meat that's moist, flavorful, and extremely versatile. If you love grilled chicken, you'll love the difference this marinade makes!Save

CAN YOU MARINATE FROZEN CHICKEN?

Marinating frozen chicken is a great way to go. You an actually add the marinade to the chicken while it is still frozen and let it thaw as it is soaking up the flavor of the marinade.

CAN YOU REUSE MARINADE?

Marinade can not be reused as it contains harmful bacteria. If you would like to use some of your marinade as a sauce, it is best to reserve a small amount for this purpose.
Take your grilling to the next level with this Easy Chicken Marinade! Made with simple, everyday ingredients, this easy marinade comes together in minutes and gives the BEST flavor to grilled chicken. It combines savory and sweet flavors with just a touch of spice for meat that's moist, flavorful, and extremely versatile. If you love grilled chicken, you'll love the difference this marinade makes!Save



5 from 4 votes

Easy Chicken Marinade

Take your grilling to the next level with this Easy Chicken Marinade! Made with simple, everyday ingredients, this easy marinade comes together in minutes and gives the BEST flavor to grilled chicken. It combines savory and sweet flavors with just a touch of spice for meat that's moist, flavorful, and extremely versatile. If you love grilled chicken, you'll love the difference this marinade makes!
 Course Main Course
 Cuisine American
 Prep Time 10 minutes
 Servings 6
 Author Cathy Trochelman

Ingredients

  • 1/2 c. olive oil
  • 1/2 c. Simple Truth orange juice
  • 1/4 c. packed brown sugar
  • 2 Tbsp. lemon juice sauce
  • 2 Tbsp. soy sauce
  • 1 Tbsp. worcestershire sauce
  • 2 cloves garlic, minced
  • 1 tsp. dried minced onion
  • 1/2 tsp. dried thyme
  • 1/2 tsp. red pepper flakes
  • 1/2 tsp. salt
  • 1/4 tsp. pepper
  • 2 lbs. Simple Truth chicken breasts
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Instructions

  1. Combine all ingredients in a small mixing bowl; whisk together. *You an also combine them directly in 
  2. Pour over chicken and refrigerate in a large ziploc bag or container 2 hours - 2 days.
  3. Remove chicken from marinade and prepare as desired. Discard remaining marinade.

Take your grilling to the next level with this Easy Chicken Marinade! Made with simple, everyday ingredients, this easy marinade comes together in minutes and gives the BEST flavor to grilled chicken. It combines savory and sweet flavors with just a touch of spice for meat that's moist, flavorful, and extremely versatile. If you love grilled chicken, you'll love the difference this marinade makes!Save

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