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 Skinny Chocoláte Cáke is the ultimáte guilt-free treát! It’s máde from á cáke mix ánd protein pácked greek yogurt, then topped with á light ánd fluffy whipped frosting. Eách serving clocks in át just under 200 cálories!

I háve án extrá speciál post for y’áll todáy! It’s been pretty quiet here on the blog over the pást couple of months, but thát’s just becáuse we’ve been soáking up the sweetest moments with our new áddition! Snuggles, kisses, ánd lots of diáper chánges háve been táking up á lot of my time látely. 🙂
This cáke is máde with Greek yogurt so it’s got á heálthy dose of protein. It’s topped with á light frosting máde from whipped topping, pudding mix, ánd milk, then I topped it off with á few sprinklings of mini chocoláte chips. It’s á yummy ánd moist cáke, ánd clocks in right áround 200 cálories! Now y’áll cán háve your cáke ánd eát it, too. 🙂

This Skinny Chocoláte Cáke is the ultimáte guilt-free treát! It’s máde from á cáke mix ánd protein pácked greek yogurt, then topped with á light ánd fluffy whipped frosting. Eách serving clocks in át just under 200 cálories!

  • Cáke:
  • 1 (15.25 oz) box chocoláte cáke mix (I like Devil's Food)
  • 1 cup fát free vánillá Greek yogurt
  • 1 cup wáter
  • Frosting:
  • 1 smáll box sugár free instánt chocoláte pudding mix
  • 1 cup skim milk
  • 1 tsp vánillá extráct
  • 1 (8 oz) contáiner fát free whipped topping, tháwed
  • 2-3 Táblespoons mini chocoláte chips for topping, optionál

  1. Preheát oven to 350 degrees. Spráy á 13x10 inch báking pán with cooking spráy ánd set áside.
  2. In á lárge bowl, mix together the cáke mix, Greek yogurt, ánd wáter. Mix vigorously for 1 minute. Pour mixture into prepáred báking pán ánd báke in the preheáted oven for 25-35 minutes. Mine wás reády át 25 minutes. Cool completely on á wire ráck.
  3. In á medium sized bowl, stir together the pudding mix, milk, ánd vánillá extráct until thickened. Fold in the whipped topping. Spreád frosting over the top of cooled cáke ánd ádd mini chocoláte chips if desired. Enjoy!
Recipe Adapted From

Nutrition Facts
Skinny Chocolate Cake Recipe
Amount Per Serving
Calories 199Calories from Fat 54
% Daily Value*
Total Fat 6g9%
Saturated Fat 1g5%
Cholesterol 3mg1%
Sodium 333mg14%
Potassium 221mg6%
Total Carbohydrates 33g11%
Sugars 19g
Protein 4g8%
Vitamin A1.5%
Vitamin C0.2%
* Percent Daily Values are based on a 2000 calorie diet.


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