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!

Brown Sugar Pecan Apple Dip



Brown Sugar Pecan Apple Dip is creamy with a sweet brown sugar flavor and crunchy pecans! It makes wonderful party food and is also great in sack lunches! With just three ingredients, this dip is ready in 5 minutes!

When Fall rolls around I’m the first one cheering for all the wonderful and extravagant cooking! I’m very excited about football (because of the food), fall parties and of course my beloved Thanksgiving!

As much as I love the seven layer bean dips and meatballs and cheese platters, I always think a great party has some variety! After all, something different is always fun!

This apple dip is always a home run for me! The kids love the dip because it is a bit sweet. The adults usually enjoy something a bit lighter to accompany all the heavy fare. And of course it isapple season! You have to enjoy these wonderful, juicy fruits in all their glory at regular intervals during the fall.

For those of you who will pack approximately 180 school lunches this year, I highly recommend this as a great option to get your kiddos to eat their fruit! See my note below on how to prevent apples from browning so you can pack them up.

I hope this one finds some room on your fall table!

Tools In This Post: Whenever I need apples to not brown for a few days, I use a Fruit – Fresh. Usually I use about twice the recommended amount and make sure to soak the fruit for 30-45 minutes. After that I can drain and refrigerate, bringing the fruit out at party time or packing it in a lunch.

If you liked this recipe, you might also enjoy my simple and healthy Apple Salad!

Brown Sugar Pecan Apple Dip

Prep Time 5 minutes
Total Time 5 minutes
Servings 20
Author Mirlandra Neuneker

Ingredients

12 oz cream cheese at room temperature can use a lighter version but expect a sharper flavor
1/2 cup brown sugar
1/3 cup chopped pecans
4-6 apples we like Fuji for this

Instructions

Whip cream cheese and brown sugar together with mixer.
Stir in pecans.
Serve with sliced apples!



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