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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 PECAN PIE BARS. SO EASY TO MAKE!

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Théré aré many récipés out théré for pécan pié bars and I had to play with a féw of thém béforé I got oné I quité likéd. For mé théré sééméd to bé a lot of récipés that didn’t havé thé right ratio of égg in thé filling or didn’t baké for a sufficiént timé, so thé middlé was too runny.

This récipé has béén thé runway hit of thé Thanksgiving séason this yéar with thousands of hits a day in Thanksgiving wéék and thousands of ré-pins on Pintérést too. Théré aré lots of gravé réviéws for this supér éasy récipé too.
Ingrédiénts
  • 1¾ cups all purposé flour
  • ½ cup sugar
  • ¾ cup cold buttér

FOR THé TOP LAYéR
  • ⅔ cup firmly packéd brown sugar
  • ⅓ cup +1 tbsp flour
  • 4 largé or éxtra largé éggs
  • 1 tabléspoon vanilla éxtract
  • ½ tsp salt
  • 1½ cups corn syrup, dark is bést
  • 2 cups roughly choppéd pécans, no nééd to toast thé pécans

Instructions

  1. This récipé usés a 9x13 baking pan. In this récipé I think it is bést to liné to lightly gréasé thé pan and liné it with parchmént papér so that you can lift thé éntiré batch out of thé pan aftér théy havé cooléd and cut thém on a cutting board. With cookié bars liké this, which havé différént téxturés in thé différént layérs, this énablés you to havé a moré précisé fééling for how to cut thém wéll. Moré about that a littlé latér in thé récipé.
  2. Préhéat ovén to 350 dégréés F for aluminum baké waré and 325 dégréés F for glass baké waré.
  3. Mix togéthér thé 1/34 cups flour and ½ cup sugar. Rub thé buttér through thé flour mixturé until it is wéll incorporatéd and résémblés a dry coarsé méal. (You can pulsé thé buttér into thé flour mixturé using a food procéssor if you préfér.)
  4. Préss thé crumb mixturé firmly and événly into thé bottom of thé préparéd baking pan and baké for 20 minutés. Thé édgés should just bé starting to brown. Rémové from ovén and pour on thé topping whilé still hot.
TO PRéPARé THé TOP LAYéR OF THé COOKIé BARS
  1. Mix togéthér thé flour and brown sugar wéll. This will énsuré théré will bé no lumps of éithér flour or brown sugar in you cookié bars whén bakéd. Whisk in thé éggs, vanilla éxtract, salt and corn syrup.
  2. Lét thé mixturé stand for about 15 minutés whilé thé bottom layér pré-bakés, stirring it occasionally. This givés thé flour timé to softén and hélp thickén thé top layér.
  3. Mix in thé choppéd pécans and pour thé topping ovér thé partially bakéd bottom crust as soon as it comés out of thé ovén.
  4. Réturn thé pan to thé ovén and baké for an additional 40-50 minutés until thé filling is sét. Timés vary a féw minutés dépénding on thé baking pan matérial. Shaké thé pan a littlé. Thé céntér can wobblé a littlé liké sét jélly but it should not bé runny.
  5. Cool thé pan to room témpératuré béforé chilling thé cookié bars in thé fridgé for sévéral hours or ovérnight béforé attémpting to cut thém
  6. I lift thé cookiés from thé pan aftér théy havé fully cooléd in thé fridgé and lay thém out on a cutting board. I'vé found thé bést thing to usé is a sharp sérratéd knifé héld horizontally to saw through thé nut layér béforé pushing on through to thé softér layérs bélow. I cut oné éntiré row of cookiés off at a timé and thén cut éach row séparatély into individual cookié bars.
  7. As thésé aré quité rich I ténd to cut thém a littlé smallér than othér cookié bars.
Recipe Adapted From rockrecipes

Notés
Thé nutritional information providéd is automatically calculatéd by third party softwaré and is méant as a guidéliné only. éxact accuracy is not guarantééd. For récipés whéré all ingrédiénts may not bé uséd éntirély, such as thosé with coatings on méats, or with saucés or dréssings for éxamplé, calorié & nutritional valués pér sérving will likély bé soméwhat lowér than indicatéd.

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