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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!

SWEET AND SAVORY BACON WRAPPED SHRIMP

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These bacon wrapped shrimp are coated in a sweet and savory glaze and broiled to perfection. The perfect easy appetizer or main course!


You know what they say…everything is always better with bacon! In the case of these bacon wrapped shrimp, that is most definitely the case. Shrimp on their own are great, but when you add bacon to the mix you get an amazingly delicious appetizer that will be the hit of any party.


There are a couple of things to consider when making the perfect bacon wrapped shrimp. First off is the size of the shrimp. You want to go with the largest shrimp you can afford for this recipe, these shrimp were 12 to a pound, 20 to a pound would also work fine. If you use a small sized shrimp, you run the risk of the shrimp getting overcooked before the bacon is crispy. The other consideration is the bacon itself. I always par-cook my bacon before I wrap it around the shrimp, that way, I’m sure to end up with crispy bacon and tender shrimp that cook at the same rate. I also always use a thin cut bacon for this recipe to ensure that it’ll crisp up quickly.

SWEET AND SAVORY BACON WRAPPED SHRIMP RECIPE
These bacon wrapped shrimp are coated in a sweet and savory glaze and broiled to perfection. The perfect easy appetizer or main course!



INGREDIENTS
  • 16 extra large shrimp
  • 8 slices bacon
  • 5 tablespoons maple syrup
  • 3 tablespoons soy sauce
  • 1 teaspoon chili powder
  • salt and pepper to taste
  • 1 tablespoon chopped parsley
  • cooking spray
INSTRUCTIONS
  1. Preheat the oven to 400 degrees. Line a sheet pan with foil and coat with cooking spray.
  2. Lay the slices of bacon out in a single layer on the pan.
  3. Bake for 8-10 minutes or until bacon is partially cooked.
  4. Cool for 5 minutes, then cut each slice of bacon in half crosswise.
  5. While the bacon is cooking, whisk together the maple syrup, soy sauce, chili powder, and salt and pepper to taste in a medium bowl.
  6. Remove 2 tablespoons of the marinade and reserve for later use.
  7. Place the shrimp in the bowl and toss to coat in the marinade. Cover the bowl and chill; marinate for at least 10 minutes or up to 8 hours.
  8. Preheat the broiler. Coat a sheet pan with cooking spray.
  9. Wrap one piece of bacon around each shrimp and secure with a toothpick.
  10. Place the shrimp in the oven and broil for 5 minutes, or until shrimp is pink and bacon is crispy.
  11. Flip the shrimp and broil for 1-2 minutes more on the other side.
  12. Remove from oven and brush with reserved marinade. Sprinkle with parsley and serve immediately.

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