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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!

BAKED TURKEY & CHEESE SANDWICHES

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These Baked Turkey and Cheese Sandwiches are a family favorite! These delicious make ahead appetizers are perfect for game day, dinner, or your next party!
These Baked Turkey & Cheese Sandwiches are a family favorite! Make them ahead for game day, dinner, or your next party!Save

 So did I ever tell you what Santa got us for Christmas? I don’t think so….partially because I didn’t want to jinx it! See, Santa got us a trip to a waterpark….which was supposed to happen the 3 days right after Christmas. Except that Jorden was deathly ill….and, much to the girls’ dismay, our trip was postponed until now.
These Baked Turkey & Cheese Sandwiches are a family favorite! Make them ahead for game day, dinner, or your next party!Save

 The good news? We got to look forward to it for 2 weeks! And when I say look forward to it, I mean the girls. Because let’s be honest. Waterparks are totally for kids.
These Baked Turkey & Cheese Sandwiches are a family favorite! Make them ahead for game day, dinner, or your next party!Save

 But. I must say. After the weekend, I stand corrected! We had a BLAST at the waterpark! Possibly because Santa was generous and got us the family suite, or possibly because we finally found a waterpark where I wasn’t shivering the entire time we were there. Or it might have had something to do with the mimosas at breakfast and french fries at dinner…..!? It definitely wasn’t because of the $18 movie we rented. The Good Dinosaur? Have you seen it? Holy sad movie for kids!!! But that’s a discussion for another day.
These Baked Turkey & Cheese Sandwiches are a family favorite! Make them ahead for game day, dinner, or your next party!Save

 The truth is, we let loose for a few days, and it felt great. And now…..back to reality! And I’m completely cringing at the thought of it. Who wants to go back to a busy week filled with schedules and responsibilities after hanging out at a waterpark for 3 days? Not me! One thing I know for sure is these Baked Turkey Sliders will definitely be making an appearance on the weekly menu.

These Baked Turkey & Cheese Sandwiches are a family favorite! Make them ahead for game day, dinner, or your next party!Save
Turkey and Cheese Sandwiches

 Not only are these Turkey and Cheese Sliders quick and easy and meant to be prepared in advance (my favorite kind of meal)….but best of all, everyone loves them! And I mean everyone. They’re one of our favorite things to serve at parties and get togethers, and once you try them, you’ll see why! As for the recipe, it’s a variation of a recipe my sister passed on to me years ago, and there are lots of variations floating around the internet. Of course, I tend to think these Baked Turkey & Cheese Sandwiches are the BEST ones out there. And I have the feeling you’ll agree.
These Baked Turkey & Cheese Sandwiches are a family favorite! Make them ahead for game day, dinner, or your next party!Save

Baked Turkey & Cheese Sandwiches

These Baked Turkey & Cheese Sandwiches are a family favorite! Make them ahead for game day, dinner, or your next party!
 Prep Time 10 minutes
 Cook Time 20 minutes
 Total Time 30 minutes
 Servings 12
 Author Cathy Trochelman

Ingredients

  • 12 small sandwich buns
  • 1 pound deli turkey
  • 12 thin slices provolone cheese
  • 1 stick butter
  • 2 Tbsp. brown sugar
  • 1 Tbsp. worcestershire sauce
  • 1 Tbsp. dried mustard
  • 1 Tbsp. poppy seeds
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Instructions

  1. Prepare sandwiches by dividing turkey and cheese evenly among buns.
  2. Place sandwiches on a rimmed baking sheet lined with aluminum foil.
  3. In a small saucepan, combine remaining ingredients. Bring to a boil over medium-high heat.
  4. Remove from heat and pour over sandwiches.
  5. Cover with foil and refrigerate sandwiches overnight. (*Note: this step can be eliminated if necessary)
  6. Uncover sandwiches and bake at 350 degrees for 20 minutes.
These Baked Turkey & Cheese Sandwiches are a family favorite! Make them ahead for game day, dinner, or your next party!Save


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