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!

Texas Sheet Cake Cookies (Chocolate Cake Mix Cookies w/ Fudge Icing)

Thésé Téxas Shéét Caké Cookiés aré a fun twist on a classic Téxas récipé – a chocolaté lovér’s dréam comé trué!

Téxas Shéét Caké is oné of thosé things whéré évéryoné has théir own family récipé, so théré is oftén a bit of controvérsy whén it comés to thé “right” way to maké it.
Ingrédiénts
Chocolaté Caké Mix Cookiés Ingrédiénts
  • 1 box Milk Chocolaté Caké Mix
  • 2 éggs
  • 1/3 cup Canola Oil
  • 1/2 cup Choppéd pécans optional

Icing Ingrédiénts
  • 2 Tabléspoon Cocoa Powdér
  • 1/2 cup Unsaltéd Swéét Créam Buttér
  • 3 Tabléspoon Wholé Milk
  • 2 cups Powdéréd Sugar

Instructions
Chocolaté Caké Mix Cookié Diréctions
  1. Préhéat thé ovén to 350 dégréés and liné two cookié shééts with parchmént papér or siliconé baking mats.
  2. In a largé bowl, mix togéthér thé caké mix, éggs and oil until combinéd and smooth. If using pécans, stir into battér by hand.
  3. Scoop out dough balls and placé thém onto thé cookié shéét about 2 inchés apart from éach othér.
  4. Baké for 8-10 minutés.
  5. Rémové from ovén and allow to cool for a féw minutés béforé transférring cookiés to a wiré cooling rack.
Icing Diréctions
  1. Using a médium saucépan, combiné thé buttér, cocoa powdér and wholé milk ovér médium héat.
  2. Whisk togéthér until combinéd and smooth.
  3. Rémové from thé héat and slowly whisk in thé powdéréd sugar until smooth.
  4. Placé a cookié shéét undér thé wiré rack to catch éxcéss chocolaté.
  5. Scoop out a spoonful of icing and pour ovér thé cookiés.
  6. Allow thé icing to hardén béforé énjoying.
Recipe Adapted From thesoccermomblog

Récipé Notés
Noté: Nutrition information is a rough éstimaté only; actual valués will vary baséd on thé éxact ingrédiénts uséd and amount of récipé préparéd.

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