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!

BACON PARMESAN CRISPS

Crispy, crunchy and cheesy these Bacon Parmesan Crisps are a delicious low carb snack that aren’t only addicting but quick and easy to make!

We like quick and easy snacks around this house and cheese is one of the most popular ingredients that we pretty much use in anything. Chips are another snack that is also high on our list, so why not combined the two into one and make these super addicting Bacon Parmesan Crisps?
This recipe is one that my kids adore. It’s a great choice for an after school snack, a side dish to a meal or just because you want a break from traditional potato chips. With the addition of bacon you have a rich and hearty flavor that no one can pass up.
So I’ve tried the whole low carb thing and I just couldn’t get myself to follow the diet completely, so when I know that I can have recipes like this around that are a great low carb snacking option it keeps me from reaching for those cookies or candy to fill my quick hunger burst.

Bacon did you say? Well yes, I mean everything is better with bacon right? I mean we could live off of bacon if it were possible, or at least include it in a majority of our dishes. But the addition of the bacon in these Bacon Parmesan Crisp recipe is seriously the best.
There are so many different ways that you can make these crisps that you can really cater to your flavor liking. I’ve seen them made with just parmesan alone, some add basil or thyme or any herb combination.

Also I’ve seen where they add some slices of jalapeño and also add some cheddar cheese to give it the jalapeño popper effect. We really love this version that includes bacon, parmesan, cayenne, garlic powder, onion powder and coarse salt.
If you love a salty snack than this recipe is for you. There is no lacking of flavor and if you want to cut back the salt just leave out the addition of the salt in the recipe. We love the salt flavor so we always keep it in there but it is 100% optional for your flavor liking.
This recipe is perfect for kids, adults and everyone in-between because its super fast, filling and just a great snacking option.


Bacon Parmesan Crisps
Prep Time
5 mins
Cook Time
5 mins
Total Time
10 mins
 
Crispy, crunchy and cheesy these Bacon Parmesan Crisps are a delicious low carb snack that aren't only addicting but quick and easy to make!
Course: Appetizer
Cuisine: American
Servings12
Ingredients
  • 1 5 oz container shredded parmesan
  • 3 strips bacon cooked and crumbled
  • 1/2 tsp garlic powder
  • 1/2 tsp onion powder
  • 1/4 tsp cayenne pepper
  • 1/2 tsp coarse kosher salt
Instructions
  1. Preheat oven to 400.
  2. In bowl mix together all your ingredients.
  3. Line a baking sheet with parchment paper or silpat mat.
  4. Scoop Tablespoonfuls of your cheese mixture and place in mounds on mat and spread out gently to flatten.
  5. Bake for 4-5 minutes until melted and browned on top.
  6. Let cool completely on pan.




Bacon Parmesan Crisp Recipe




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