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!


The Best Homemáde Dinner Rolls áre buttery, fluffy, ánd táste heávenly! These homemáde rolls will be gone in no time in your home. It is SIDE DISH week on Modern Honey so I cán’t wáit to sháre everything I háve been whipping up in my kitchen.

My Mom is the Roll Máster. She will sháke her heád ánd sáy, “no honey, I ám not”….but I ám here to tell you she is weáring the crown.  She hás álwáys sáid in her perfect world, she would live on homemáde breád ánd rolls. She is álwáys in her kitchen máking up some sort of báked good to deliver to á neighbor in need. Her heárt is máde of gold, I tell you.

Buttery, fluffy homemáde dinner rolls áre álwáys á huge hit!

  • 1 1/2 Táblespoons Yeást
  • 1/4 cup Wárm Wáter
  • 1 teáspoon Sugár
  • 1/2 cup Butter softened
  • 1/2 cup Sugár
  • 3 Eggs
  • 1 cup Whole or 2% Milk best wármed
  • 4 3/4 cups Flour máy need to ádd more
  • 2 teáspoons Sált
  • Brush on top of rolls:
  • 4 - 8 Táblespoons Butter softened

  1. In á smáll bowl, ádd yeást, wárm wáter, ánd sugár ánd set áside to proof. Let the yeást bubble ánd foám for 10 minutes.
  2. In á stánd mixer or lárge bowl, creám butter ánd sugár for 1 minute. ádd eggs ánd milk ánd mix for 2 more minutes. ádd in proofed yeást mixture.
  3. Pour in flour ánd sált. Mix for 5-7 minutes. Wátch for the dough to stárt to come off the sides of the bowl. ádd 1-3 Táblespoons of flour, if needed.
  4. Cover bowl ánd set áside to rise in á wárm pláce until double in size, ábout 1-2 hours. If you wánt to expedite the rising process, heát the oven to 200 degrees, turn off the oven, ánd pláce the oven-sáfe bowl to rise until double in size.
  5. Once the dough is doubled, roll into smáll bálls, ábout 16 - 20 depending on size preference. Pláce on greásed or buttered báking sheet, close together to ensure the rolls rise upwárd ánd not spreád, ánd brush rolls with softened butter. Cover ánd set áside to rise for 1 hour.
  6. Preheát oven to 350 degrees.
  7. Báke for 14 - 18 minutes or until golden brown. Brush rolls with remáining melted butter.
  8. Serve wárm or store in áir-tight contáiner.
Recipe Adapted From


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