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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!

BACON RANCH CHICKEN FOIL PACKETS

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BACON RANCH CHICKEN FOIL PACKETS
THESE BACON RANCH CHICKEN FOIL PACKETS ARE A SUPER EASY DINNER OPTION WITH MINIMAL CLEANUP! CHICKEN BREASTS ARE COOKED WITH POTATOES AND RANCH FLAVORED BUTTER, THEN TOPPED WITH MELTED CHEESE AND BACON FOR A MEAL THAT’S SURE TO PLEASE ANY CROWD.
Foil packet meals are all the rage it seems, I’m seeing them all over Pinterest and Facebook with everything from steak to shrimp to chicken. I decided it was high time I made my own foil packet recipe, and this bacon ranch chicken is not to be missed. In fact, my family loved these chicken foil packets so much that I made them two days in a row!
For this recipe you’ll need chicken breasts, small red potatoes, ranch powder, butter, bacon and cheese. How can you go wrong with an ingredient list like that? You can find ranch seasoning packets in the salad dressing aisle of your grocery store. The chicken and potatoes are seasoned with ranch flavored butter, then wrapped up and baked or grilled to perfection. The potatoes I used were about 1 and 1/2 inches in diameter, and I used average sized chicken breasts. If your potatoes are on the larger side, cut them into quarters so that they’ll bake in the time that the chicken is cooked through. I’d also stay away from the thin cut or oversized chicken breasts for this recipe, each breast should weigh about 4 ounces so that it cooks evenly with the potatoes.
After the chicken and potatoes are done, they get smothered in cheese and go back to the oven or grill for a few minutes until the cheese is melted. Add a sprinkling of bacon and parsley and you’ve got an amazingly flavor packed meal!

BACON RANCH CHICKEN FOIL PACKETS
These bacon ranch chicken foil packets are a super easy dinner option with minimal cleanup! Chicken breasts are cooked with potatoes and ranch flavored butter, then topped with melted cheese and bacon for a meal that's sure to please any crowd.
Course Main Course
Cuisine American
Prep Time 15 minutes
Cook Time 45 minutes
Total Time 1 hour
Servings 4
Calories 510 kcal
Author Dinner at the Zoo

Ingredients
  • 6 tablespoons butter melted
  • 2 tablespoons ranch seasoning powder
  • salt and pepper to taste
  • 4 medium sized chicken breasts approximately 4 ounces each
  • 1 pound small red potatoes halved or quartered
  • nonstick cooking spray
  • 1 cup shredded cheddar cheese
  • 4 slices bacon cooked and crumbled
  • 2 tablespoons chopped parsley
Instructions
  1. Preheat the oven to 425 degrees or a grill over medium high heat. In a small bowl whisk together the butter, ranch seasoning, and salt and pepper to taste.
  2. Coat 4 large squares of foil with cooking spray.
  3. Place the potatoes in a bowl and drizzle with 4 tablespoons of the ranch butter over the top. Toss to coat evenly.
  4. Place a chicken breast onto each of the foil squares and season with salt and pepper to taste. Divide the potatoes evenly among the 4 foil squares and arrange them around the chicken.
  5. Drizzle the remaining 2 tablespoons of butter over the chicken breasts. Fold the edges of the foil over the chicken and potatoes to make a packet. 
  6. Bake for 45 minutes or grill for 30 minutes. Open the packets and sprinkle the cheese over the chicken and potatoes. Leave the packets open and return to the oven or grill for 2-3 minutes or until cheese melts. Sprinkle with bacon and parsley and serve.

Nutrition Facts
Bacon Ranch Chicken Foil Packets
Amount Per Serving
Calories 510Calories from Fat 252
% Daily Value*
Total Fat 28g43%
Saturated Fat 15g75%
Cholesterol 161mg54%
Sodium 785mg33%
Potassium 1005mg29%
Total Carbohydrates 22g7%
Dietary Fiber 1g4%
Sugars 1g
Protein 36g72%
Vitamin A16.8%
Vitamin C13.5%
Calcium22.6%
Iron8.5%
* Percent Daily Values are based on a 2000 



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