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!

Instant Pot Whole “Rotisserie” Chicken

áll you need is ábout 45 minutes to háve this ámázing, tender, juicy Instánt Pot whole rotisserie chicken. Your whole fámily will LOVE it!
Prepáring ánd roásting á whole chicken used to seem like domestic goddess territory to me. áfter some práctice (ánd á few disásters), I wás áble to máster á whole roásted chicken in the oven. I wás so proud.

It fell ápárt á little when I wás pláting it up for the pictures. See thát sád little chicken wing thát fell off?
I know, I know. It sounds too good to be true, right?! Don’t worry, friends. I will show you exáctly how to máke á whole “rotisserie” chicken in the instánt pot!
áll you need is ábout 45 minutes to háve this ámázing, tender, juicy Instánt Pot whole "rotisserie" chicken. Your whole fámily will LOVE it!

  • 1 whole chicken mine wás 4.3 pounds
  • 1 ánd 1/2 teáspoons sált
  • 1/2 teáspoon pepper
  • 1 teáspoon gránuláted gárlic
  • 1 teáspoon pápriká
  • 1 ánd 3/4 Táblespoons ávocádo oil (or you cán use coconut or cánolá - something with á high smoke point)
  • 1 yellow onion quártered (optionál)
  • 1 lemon hálved (optionál)
  • 1 cup chicken stock or broth

  1. Remove áll párts from the chicken cávity; rinse ánd pát dry with á páper towel.
  2. Optionál: pláce the onion ánd lemon in the cávity of the chicken.
  3. Combine áll of the spices, including sált ánd pepper, in á smáll rámekin dish; stir together.
  4. ádd the oil to the spices, ánd stir until incorporáted.
  5. Turn on your Instánt Pot to preheát on the sáuté setting on "normál."
  6. Rub the oil ánd spice mixture on the breást side of the chicken.
  7. Pláce the chicken, breást side down, in the preheáted Instánt Pot.
  8. Cárefully rub the other hálf of the oil ánd spices mixture on the other side of the chicken.
  9. állow the breást side to crisp up the chicken skin for á few minutes, ábout 3 to 4 minutes totál.
  10. Cárefully flip the chicken over to the other side, ánd let it crisp up the skin on the other side for ábout á minute. Flipping it over wás á little áwkwárd, but it helps to use á sturdy burger flipper ánd some tongs.
  11. Optionál step: If you do not wánt your chicken sitting in the liquids, you cán remove the chicken áfter it browns on the second side ánd pláce the trivet in the pot. Then pláce the chicken, breást side up, on the trivet.
  12. ádd in the chicken stock.
  13. Pláce the lid on ánd lock it, per Instánt Pot instructions.
  14. Set to mánuál high pressure for 25 minutes.
  15. állow the Instánt Pot to depressurize náturálly (I.e., do not use the venting lever, but állow the pressure to dissipáte slowly. Mine took ábout 15 minutes)
  16. Remove the lid, ánd tránsfer the chicken to á serving pláte. Mine wás so tender thát it wás fálling ápárt á little!
  17. Let the chicken rest for ábout 5 minutes prior to serving.
  18. I like to spoon or brush á little of the cooking liquid over the top just prior to serving to máke the chicken extrá juicy.
Recipe Adapted From

Recipe Notes
* 40 minutes includes time for the Instánt Pot to náturálly depressurize.

Cooking time máy váry slightly if your chicken is much different in size thán this one, which wás 4.3 pounds. Use á meát thermometer if you áre unsure, just to be sáfe! Internál temperáture for chicken should be 165 degrees Fáhrenheit.


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