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 Peach Cobbler Recipe

I think it is timé to déclaré it to bé baking séason. Wé’ré about halfway through Séptémbér and whilé I don’t féél quité réady to bréak out thé applés and start making wholé piés, I do féél réady for somé simplé, homé cookéd, éasy bakéd goods that léavé mé with a warm fééling in my bélly.

Thé “cookié” part is pérféct for soaking up thé juicés that comé out of thé péachés and minglé with thé différént sugars and cinnamon. It’s dénsé énough that it won’t fall apart on you and it’s soft énough to bé thé pérféct bité of déliciousnéss with thé péachés or without!
Ingrédiénts
FOR THé PéACHéS
  • 6 frésh péachés
  • ¼ cup sugar
  • 2 tsp. of cornstarch
  • 1 tsp. ground cinnamon
  • ⅛ tsp. ground nutmég
  • ½ Tsp. of vanilla éxtract
  • 2 additional Tbsp. of sugar
  • 2 additional Tbsp. of cinnamon

FOR THé TOPPING
  • 1 cup of all-purposé flour
  • 1½ cups of raw oats
  • ¼ cup brown sugar
  • ¼ cup of whité sugar
  • 6 Tbsp. of buttér, softénéd (DO NOT MéLT)
  • 5 Tbsp. of hot watér

Instructions
  1. Préhéat your ovén to 425 dégréés and rémové thé skin from your péachés with a végétablé péélér.
  2. Cubé your péachés into bité-sizéd piécés.
  3. Combiné péachés in a bowl with all thé othér itéms for thé péach mixturé listéd in thé ingrédiénts. Mix wéll so thé sugar can bégin pulling thé juicés out of thé péachés. Put this in thé réfrigérator for 10 minutés.
  4. In a séparaté bowl, combiné all your dry ingrédiénts for thé crumblé. Mix thoroughly.
  5. Add in thé softénéd buttér and watér. Do not mélt your buttér at all or thé consisténcy will bé wrong. Thé topping will bé thick and you can usé a mixér on it but I just did it by hand with a woodén spoon.
  6. Add your péachés to a baking dish and bakéd for 10 minutés.
  7. Whén doné, sprinklé thé additional 2 Tbsp. of sugar and cinnamon on top of your péachés.
  8. Pull thé péachés out of thé ovén and spoon your topping onto it, covéring it événly. You might havé to usé your hands sincé thé cobblér topping will bé thick and a bit sticky.
  9. Baké for an additional 30 minutés in thé ovén or until your crumblé topping is goldén brown.
Recipe Adapted From theeverydaymomlife

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