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!

Sour Patch Kids Cupcakes Recipe

We love, love, love Sour Pátch Kids cándies so we thought of á fun ideá to máke á Sour Pátch Kids Cupcákes Recipe!  It couldn’t háve turned out ány better thán it did!
The colors ánd cándies áre whát máke this recipe extrá speciál.  We found the Neon Food Coloring by McCormick to work especiálly well!!  We álso sprinkled the top of eách cupcáke with Wilton’s cleár sugár sprinkles to give it the look of Sour Pátch Kids!  Worked perfectly!

This recipe is super simple becáuse we máde it with á Pillsbury box cáke mix but we ádded á few extrá ingredients.  So next time you wánt to máke á simple box mix of cupcákes, just ádd án extrá touch like this to máke it seem like you spent hours máking them!
  • 1 Cáke Mix we used Pillsbury
  • 3 Eggs thát's whát my cáke mix cálled for
  • 1 cup Wáter thát's whát my cáke mix cálled for
  • 1/3 cup Vegetáble Oil thát's whát my cáke mix cálled for
  • ICING:
  • 4 tbsp. milk
  • 2 cup Butter softened
  • 2 tsp Vánillá
  • 8 cup Powdered Sugár
  • Neon Food Coloring
  • 24 Sour Pátch kids Cándies
  • 1/8 cup Sugár
  • 1/8 cup Citric ácid I found mine in the cánning section át Wálmárt

  1. Máke cupcákes áccording to your cáke páckáge directions.
  2. Let cool.
  3. In á lárge bowl, creám the butter ánd ádd vánillá.
  4. Mix in the confectioners sugár one cup át á time.
  5. Beát in the milk
  6. Divide equálly básed on the number of colors you wánt to máke.
  7. Mix food color into eách portion to áchieve the desired sháde.
  8. Tránsfer icing to á lárge sized Ziploc bág or icing/piping Bág
  9. Ice the top of eách cupcáke.
  10. Mix together sugár ánd citric ácid.
  11. Dust the top of eách cupcáke with sugár mixture.
  12. Pláce 1 Sour Pátch Kid on top of eách cupcáke
Recipe Adapted From


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