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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!

CHIPOTLE CHICKEN RECIPENOTES

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The best chipotle chicken recipe seeping with flavor isa meal all in one or instantly transforms tacos, burritos, salads bowls, etc into the most epic tacos,burritos,salads bowls ever !!!

This juicy Chipotle Chicken can be prepped and cooked almost immediately or marinated for longer for super convenient and sensationally delicious dinner.  The Wet Rub is quick and easy and tastes better than any restaurant! 


The Chipotle Chicken marinade is more of a Wet Rub than a marinade.  I find this concentrates the flavor for even more robust, fiestalicious chicken.  The Chipotle Chicken is bathed in aromatic Mexican spices of chipotle chili powder for a smoky heat, mixed with chili powder, cumin, smoked paprika, garlic and onion powder. The spices are mixed with olive oil and lime juice to tenderize the meat so its oh so juicy and then slathered all over your chicken.  Just look at those spices ready to create a fiesta in your mouth!

Easy All Purpose Chipotle Chicken Recipe
The best Chipotle Chicken Recipe seeping with flavor is a meal all in one or instantly transforms tacos, burritos, salads, bowls, etc into the most epic tacos, burritos, salads, bowls EVER! This juicy Chipotle Chicken can be prepped and cooked almost immediately or marinated for longer for super convenient and sensationally delicious dinner.


INGREDIENTS

  • 2-3 chicken breasts pounded thin (1 pound)
  • Chipotle Chicken Rub
  • 2 tablespoons olive oil
  • 1 teaspoon chipotle chili powder
  • 1/2 teaspoon chili powder
  • 1/2 teaspoon ground cumin
  • 1/2 teaspoon smoked paprika
  • 1/2 teaspoon onion powder
  • 1/2 teaspoon garlic powder
  • 1/2 teaspoon salt
  • 1/4 teaspoon pepper
  • 1 tablespoon lime juice

INSTRUCTIONS

  • In a small bowl, whisk chicken rub ingredients together and rub evenly all over chicken breasts. Time permitting, allow chicken to sit for 30 minutes at room temperature or refrigerate up to 8 hours then bring to room temperature before cooking.*

STOVETOP DIRECTIONS

  • If chicken has been refrigerated, let sit at room temperature for 15-30 minutes (time permitting).
  • Heat a large non-stick skillet over medium high heat. Once very hot, add chicken and cook, undisturbed for 3-5 minutes, or until nicely browned (or blackened if you prefer) on one side. Turn chicken over, cover, and reduce heat to medium. Cook for approximately 5-7 more minutes (depending on thickness of chicken), or until chicken is cooked through. Remove to a cutting board and let rest 5 minutes before slicing.

GRILLING DIRECTIONS

  • If chicken has been refrigerated, let sit at room temperature for 15-30 minutes (time permitting).
  • Meanwhile, grease and preheat the grill to medium heat, 375-450°F.
  • Grill chicken undisturbed for 5-7 minutes per side, or until chicken is cooked through. (An inserted thermometer should read 165 degrees F.)
  • Remove chicken from grill and let rest 5 minutes before slicing.

RECIPE NOTES
*Chicken is still delicious even if cooked immediately but is more flavorful the longer the rub marinates.
**Total time does not include marinating chicken as this time will vary per individual.

Recipe Adapted : CHIPOTLE CHICKEN RECIPENOTES @ carlsbadcravings

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