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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!

HAMBURGER STEAK AND GRAVY RECIPE (WITH MUSHROOM GRAVY)

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An easy recipe of juicy hamburger steak and gravy featuring a brown gravy recipe with onions and mushrooms. A delicious low carb meal the whole family will love.


The brown gravy recipe on this dish features onions and mushrooms and gains flavors from the browned bits (or fond) left in the pan after cooking hamburger steaks. This is simple cooking at its best.

Seasoning is important and using a panade (usually a paste of fresh bread and milk) ensures that the hamburger steak stays juicy and tender. I like my hamburger steak with gravy, so I dressed this up with an easy pan sauce. The result is much more than the sum of its parts.

Hamburger Steak and Gravy Recipe (with Mushroom Gravy) 
An easy recipe of juicy hamburger steak and gravy featuring a brown gravy recipe with onions and mushrooms. A delicious low carb meal the whole family will love.



Ingredients
Hamburger Steaks

  • 1 1/4 pounds ground beef (85% lean)
  • 2 tsp Worcestershire sauce
  • 2 tsp Mc Cormicks Montreal Steak Seasoning
  • 1/4 cup crushed pork rinds* (or 1/4 cup breadcrumbs if not low carb)
  • 1/4 cup heavy cream
  • 1 tbsp fresh minced parsley
  • 1 tsp oil
  • salt and pepper

Mushroom and Onion Gravy Recipe

  • 1/4 cup diced onions
  • 8 oz sliced button mushrooms
  • 1/4 cup water
  • 1/3 cup heavy cream
  • 2 tbsp whisky (brandy,bourbon, or rum) (optional)
  • 1 tsp beef base (bouillon)
  • 1 tbsp butter

Instructions
Preparation:

  • Make a panade by soaking the pork rinds (or bread crumbs) in 1/4 cup of heavy cream until absorbed - about 10 minutes. Mince the parsley and finely dice the onions. 

Method:

  • Add the ground beef to a medium bowl, breaking it up as you do. Sprinkle the Worcestershire sauce, steak seasoning, and parsley over the beef. Add the soaked pork rinds (or bread crumbs). Mix with a hand mixer until the ingredients are just combined. 
  • Divide the seasoned ground beef into 4 even portions and form into patties. Season the outside with salt and a hefty amount of coarse black pepper. (Lots of pepper gives the hamburger steak a wonderful savory flavor.)

Cook:

  • Place a large skillet or saute pan over medium high heat. When hot, add 1-2 teaspoons of oil and swirl to coat the pan.
  • Add the hamburger steaks and cook for approximately 3 minutes per side. Remove the steaks from the pan and cover loosely with foil. Turn the heat down to medium.
  • If there is not a lot of oil left in the pan, add 1 tablespoon of butter and the mushrooms, stirring to coat all of the mushrooms. Cook for 1 minute. Stir and push the mushrooms to the sides of the pan. Spread the onions in the center of the pan and cover for 1 minute. 
  • Add the beef base and stir. Next, add the whisky and water, stirring to bring up any browned bits that may still be stuck to the bottom of the pan. Add the heavy cream and any accumulated juices from the hamburger steaks. Bring to a fast simmer, reducing the sauce until it thickens. Stir in 1 tbsp of butter to give the sauce a nice sheen. Adjust seasoning with salt and pepper to taste.
  • Serve the sauce over the hamburger steaks. It's not a lot of sauce, but it's very flavorful and satisfying. Serves 4.
  • Alternately: After the sauce thickens add the hamburger steaks back to the pan to reheat for a few minutes. Turn the heat down to low and loosely cover with foil.  Serve with sauce spooned over top.

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