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!

Smoked Pig Shots: Big Cheddar and Onion


I posted some smoked pig shots earlier this year (here they are) and they were as delicious as the day is long but I wanted to change them up and, the cool thing is, like a lot of other things that we do on the smoker or grill, there's a ton of variations. The limit to what you can do with these is directly proportional to your vivid imagination.
This batch has a big ol' hunk of cheddar in the bottom, surrounded by cream cheese and topped with diced onions and my original rub. Oh yeah!
Helpful Information
  • Prep Time: 30 minutes
  • Cook Time: 90 minutes
  • Smoker Temp: 250°F
  • Meat Finish Temp: N/A
  • Recommended Wood: Apple
What You'll Need
  • 1 lb of thick sliced bacon (about 10-12 slices per pound)
  • 1 link of smoked sausage, kielbasa, etc.
  • 8 oz cream cheese, softened
  • 1 block of cheddar cheese, cut into ½ inch cubes
  • ¼ onion, diced
  • Jeff's original rub recipe (purchase recipes here)
  • Toothpicks
Step 1: Cut the Sausage and Bacon
I purchased a package of smoked sausage which contains (2) links. One of them I'll use and the other will get saved for later. If you cut the sausage about ½ inch thick, you can easily get 20-22 pieces.
The bacon must be thick for these to work correctly. the thin stuff is too wimpy and just doesn't hold the “cup” shape very well. You'll just end up frustrated if you try to use that stuff. I recommend getting several packages of bacon and if you find that one is too wimpy, put it back in the fridge and save it for breakfast.
The thick cut bacon needs to be cut in half. There were 11 slices in the package that I picked out and after cutting them in half, that's enough for 22 pig shots. Perfect!
Step 2: Make the Cream Cheese Filling
Leave the cream cheese sitting on the counter for about an hour, longer is ok, so it's nice and soft.
When you're ready to make the cream cheese filling, unwrap the cream cheese and place it into a small mixing bowl with about 3 tablespoons of my original rub (purchase recipes here).
Mix it up well.
Place the mixture into a quart sized zip top bag and then snip a small bit of the corner from the bag so you can do some “piping”.
Step 3: Cube the Cheddar Cheese
Full disclosure, I purchased some cheddar already cubed up but you can easily purchase a block or you may already have some in the fridge and cube it yourself.
In the past, I have mixed cheddar or another grated cheese mixture into the cream cheese and, while this is good, I wanted a big gush of melted cheddar when I bit into the pig shots. This method gives you that.
Step 4: Make the Cups
Wrap a half slice of thick bacon around a piece of the sausage and secure it all the way through with a toothpick. This will get easier after you've done a couple.
Step 5: Fill with Cheddar, Cream Cheese, Onion and Rub
Place a cube of cheddar down in the cup
Pipe it almost full with the cream cheese filling.
Spoon in about a half teaspoon or more of diced onions
Sprinkle on some of my original rub (purchase recipes here) to complete.
Step 6: Get the Smoker Ready
You can literally use any smoker or even a grill for these as long as you can set it up for indirect cooking at about 250°F. If your smoker won't cook that hot, you can maintain a lower temperature but they will take longer to finish.
If your smoker uses a water pan, fill it up.
Once the smoker is preheated and ready to go, we can start cooking these babies!
Step 7: Smoke Time
Place the tray of pig shots in the smoker and let them smoke with apple wood for about 1.5 hours or until the bacon has a good eating texture and the cheese is melted.
Step 8: Serve them Up
This is one of the few things that we cook that require no resting time. Just as soon as you pull them out of the smoker, they are ready to eat.
more recipes @ www.smoking-meat.com

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