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!


This hearty Loaded Lentil Salad is packed with protein, fiber, and warm veggies like roasted sweet potatoes, red onion, and Brussels sprouts. Perfect for a light lunch! Vegan and gluten-free.

First off, when the recipe calls for sautéing in butter, feel free to swap in extra virgin olive oil.

The Loaded Lentil Salad is completely vegan, nut-free and gluten-free by simply leaving off the feta. The Red Rice Bowl is vegan, nut-free, and gluten-free as long as you omit the eggs. The One-Pot Tortellini is a classic vegetarian pasta dish that inherently contains cheese and gluten. The boyf gobbled this one up!

If you’re game for some major substitutions, you could always use the garlic, kale, veggie stock concentrate, and panko and whip up your own version of cheezy pasta using almond milk, nutrition yeast, cashews, pesto, and pasta of your choice. With this one you’re pretty much adjusting the entire recipe but if that’s in your comfort zone, go for it!

This hearty Loaded Lentil Salad is packed with protein, fiber, and warm veggies like roasted sweet potatoes, red onion, and Brussels sprouts. Perfect for a light lunch! Vegan and gluten-free.

  • 3 medium sweet potatoes, diced into ½ inch cubes
  • 16oz brussels sprouts, thinly sliced
  • 2 tsp Herbs de Provence
  • 1 tbsp pure maple syrup or honey
  • 5 tbsp extra virgin olive oil, divided
  • 2 red onions, diced
  • 1 cup French lentils*
  • 3 cups water
  • ¼ cup balsamic vinegar
  • ⅓ cup pepitas
  • ½ tsp salt + pepper to taste
  1. Preheat oven to 425F. Line two baking sheets with foil or parchment paper.
  2. Combine sweet potatoes, Brussels sprouts, Herbs de Provence, maple or honey, 2 tbsp olive oil, and a big pinch of salt and pepper in a medium boil. Spread onto prepared baking sheets and roast for about 11-13 minutes. Toss and roast until for another 11-13 minutes, or until golden
  3. Heat ½ tbsp olive oil in a medium pot over medium heat. Add onion and cook until softened, about 5 minutes. Add lentils and water. Bring to a boil then reduce heat to low and simmer until tender, about 15-20 minutes. Season with another pinch of salt and drain any excess water. Return to pot.
  4. Add balsamic vinegar and remaining 2½ tbsp olive oil to pot with lentils. Add veggies and season to taste with salt and pepper. Top with pepitas and serve!


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