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!

NO BAKE STRAWBERRY CHEESECAKE BITES



These no bake strawberry cheesecake bites are super easy to make! A delicious sweet treat that makes a great dessert for parties, brunch, or as an afternoon snack!

Cheesecake has always been one of my favorite desserts. I love when it has a little extra, like a chocolate crust or it’s drizzled with strawberry topping. And if you’ve been hanging around Typically Simple for awhile, you know I’m all about making simple treats.

For whatever reason, the thought of making a whole cheesecake is a little intimidating to me. I’ve made cheesecake cupcakes and now these yummy strawberry cheesecake bites, so I think I just need to take the plunge and make an actual cheesecake. My only worry is that I’ll end up eating the whole thing in one sitting, which is why I love these little cheesecake bites!



We usually have a container of strawberries in the fridge, especially now that they are in season. And I actually had everything else on hand to make these delicious little treats.

NO BAKE STRAWBERRY CHEESECAKE BITES RECIPE

Ingredients for Strawberry Cheesecake Bites

1 pound of strawberries
4 ounces cream cheese, softened
1/4 cup powdered sugar
1/4 teaspoon vanilla extract
graham cracker crumbs or crushed graham cracker

How to Make No Bake Strawberry Cheesecake Bites
Cut off the tops of the strawberries and hollow out the inside with a paring knife.
In a bowl, combine the cream cheese, powdered sugar, and vanilla with an electric mixer until smooth.
Fill each strawberry with the cheesecake filling using a spoon, knife, or a piping bag.
Dip the strawberry, cheesecake side down, into the graham cracker crumbs.
Keep refrigerated until served.




You’ll want to serve these the same day you make them. The strawberries will get a little mushy with the filling in them if you wait until the next day to eat them.

No Bake Strawberry Cheesecake Bites
author kelly | typically simple

Ingredients
1 pound of strawberries
4 ounces cream cheese, softened
1/4 cup powdered sugar
1/4 teaspoon vanilla extract
graham cracker crumbs or crushed graham cracker

Instructions

Cut off the tops of the strawberries and hollow out the inside with a paring knife.
In a bowl, combine the cream cheese, powdered sugar, and vanilla with an electric mixer.
Fill each strawberry with the cheesecake filling using a spoon, knife, or a piping bag.
Dip the strawberry, cheesecake side down, into the graham cracker crumbs.
Keep refrigerated until served.



Be sure to check out these other delicious dessert recipes!

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