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!

GRANDMA GERI’S MOLASSES GINGERSNAPS

GRANDMA GERI’S MOLASSES GINGERSNAPS

The best soft molasses ginger cookies. How to make these famous chewy gingersnap cookies that everyone loves! 

SOFT MOLASSES COOKIES

These ginger molasses cookies are the perfect holiday cookie with a variety of fragrant spices with a chewy center and crispy edges. I count down the days until the holidays so I can make these non-stop. These are such a popular molasses cookie recipe!

THE BEST GINGERSNAPS COOKIES ARE SOFT CHEWY WITH A TOUCH OF SPICE. 

Grandma Geri’s Gingersnaps have quite the following and for good reason. My dear friend, Lisa, is famous for her gingersnaps and I was lucky enough to score the recipe for these coveted cookies.

These ginger molasses cookies made with butter are soft in the center and slightly crispy on the edges. They are full of spices and are far from being “one note” gingersnaps. The cinnamon, ginger, and cloves bring warmth to the cookie and there is even a secret ingredient….cayenne pepper! Trust me…it’s a game changer.


I am not a picky eater. However, when I was a kid, I didn’t understand why anyone in the world liked gingersnaps. The only ones I knew were the hard ones straight from a package that I would find in Grandma’s cabinet. It wasn’t until I ate homemade ones that I became hooked! I realized that gingersnaps don’t have to be hard and crunchy, where you literally fear that you may break a tooth biting into one.

Geri’s Gingersnap Cookies are the perfect balance of soft in the middle and crispy on the edges. I have made a lot of ginger cookie recipes in my days and this recipe is hands down the very best! These are the best soft molasses cookies!

HOW TO MAKE THE BEST SOFT MOLASSES GINGER COOKIES:

Cream butter and sugar for 4 minutes, until light and fluffy. This helps to create air into the cookie dough while creating a smooth and creamy texture.
Stir in dry ingredients, just until combined. Don’t overbeat as this produces a tough cookie. Add warm spices such as cinnamon, cloves, ginger, and the secret ingredient — cayenne pepper to give it a slight kick. The spices add warmth to this molasses cookie recipe.
Roll into balls and then roll into sugar. Double coat the ginger molasses cookie dough to ensure the sugar sticks to the dough.
Bake just until edges begins to get slightly crispy, while the centers are still chewy. This is a soft molasses cookie so we don’t want to overbake it.


So grab a big cold glass of milk, a cozy blanket, and eat a big plate of these old-fashioned chewy molasses cookies while watching a Hallmark Christmas movie. Share the LOVE with your friends by pinning the image below. xo


Grandma Geri's Gingersnaps
Prep Time 10 mins
Cook Time 14 mins
Total Time 24 mins

Grandma Geri's Famous Soft Molasses Cookies Gingersnaps have a secret ingredient that makes them extra special!
Course: Dessert
Cuisine: American
Keyword: molasses cookies
Servings: 24
Author: Melissa Stadler, Modern Honey

Ingredients
FULL RECIPE:
  • 1 1/2 cups 3 sticks Cold Butter, cut into cubes
  • 2 cups Sugar
  • 2 Eggs
  • 1/2 cup Molasses
  • 4 cups Flour
  • 2 teaspoons Baking Soda
  • 1 teaspoon Baking Powder
  • 1/2 teaspoon Salt
  • 2 teaspoons Cinnamon
  • 2 1/2 teaspoons Ginger
  • 2 teaspoons Cloves
  • 1/2 teaspoon Cayenne Pepper
  • Sugar
HALF-RECIPE:
  • 12 Tablespoons Butter 3/4 cup or 1 1/2 sticks of Butter
  • 1 cup Sugar
  • 1 Egg
  • 1/4 cup Molasses
  • 2 cups Flour
  • 1 teaspoon Baking Soda
  • 1/2 teaspoon Baking Powder
  • 1/4 teaspoon Salt
  • 1 teaspoon Cinnamon
  • 1 1/4 teaspoon Ginger
  • 1 teaspoon Cloves
  • 1/4 teaspoon Cayenne Pepper
Instructions
  1. Preheat oven to 350 degrees.
  2. In a large mixing bowl, cream butter and sugar for 4 minutes until light and fluffy and pale in color.
  3. Add eggs one at a time, mixing after each addition. Add molasses and mix well.
  4. Add flour, baking soda, baking powder, salt, cinnamon, ginger, cloves, and cayenne pepper. Mix just until combined to avoid over-mixing the dough.
  5. Place sugar into small bowl. Roll dough into small balls and roll into sugar, coating well.
  6. Place on lined baking pan and bake for 12-15 minutes.

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