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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!

CHOCOLATE COVERED CAKE BITES

Grab a box of cake mix and some frosting to make these yummy chocolate covered cake bites – a perfect treat for Valentine’s Day!




You might hear me saying this about all types of desserts and treats…but I seriously love cake bites. It wasn’t until I was well into my “grown-up years” that I first had a cake bite and after that first bite, I knew I had to learn how to make them myself!

The first few times I made them, I didn’t know I could have so many feelings of hatred towards melted chocolate. I would make such a mess, dripping everywhere, cake bites that were half covered in chocolate and became more like cake mush.


But with practice…because you know practice is good, especially when it means eating cake bites at the end of it all…I started figuring out this whole making cake bites business. One thing I found to work really well is using candy melts or almond bark instead of chocolate chips. Definitely less of a drippy mess!

So after I got done making a surprise cake, which needs two cakes, but doesn’t use up all of the second one, I decided I’d make some cake bites with the leftovers!




And since the cake was already pink, I decided to run with the whole Valentine’s Day theme on these yummy chocolate covered cake bites.

Kitchen Supplies
Mixing Bowls
Electric Mixer
Baking Pan
Cookie Sheet
Wax Paper
Spatula or Spoon


Ingredients
1 box of cake mix
plus any additional ingredients based on directions
1 container of frosting
candy melts or almond bark
food coloring (optional)




Directions
Make the cake according to the directions on the box. If you would like the cake part of the bites to be a certain color, add some food coloring to the batter and mix well before pouring it into a baking pan.

After the cake has baked and has cooled completely, crumble it into small pieces into a large mixing bowl. You can also use a fork to break up larger pieces.

Add about 3/4 of the frosting, mixing throughly with a spoon or spatula.

Place cake mix in the fridge for about 20 minutes so it is easier to form into balls.

Form cake mix into golf ball sized bites and place on a cookie sheet lined with wax paper. When finished, place the bites in the freezer for about and hour or so until firm.

To make the chocolate coating, melt the almond bark or candy melts according to the package in a microwave safe bowl. Drop one cake bite into the bowl and use a spoon to coat it completely. Place back onto wax paper for chocolate to harden.


If you would like to add some drizzles of color to the cake bites, just warm up some frosting in the microwave for about 20-30 seconds. It will become liquid-like and you can use a spoon to drizzle it over the cake bites.

Store in an airtight container in the fridge and enjoy!





CHOCOLATE COVERED CAKE BITES



INGREDIENTS
1 box of cake mix;
plus any additional ingredients based on directions
1 container of frosting
candy melts or almond bark
food coloring (optional)

INSTRUCTIONS
Make the cake according to the directions on the box. If you would like the cake part of the bites to be a certain color, add some food coloring to the batter and mix well before pouring it into a baking pan.
After the cake has baked and has cooled completely, crumble it into small pieces into a large mixing bowl. You can also use a fork to break up larger pieces.
Add about 3/4 of the frosting, mixing throughly with a spoon or spatula.
Place cake mix in the fridge for about 20 minutes so it is easier to form into balls.
Form cake mix into golf ball sized bites and place on a cookie sheet lined with wax paper. Place the bites in the freezer for about and hour or so until firm.
To make the chocolate coating, melt the almond bark or candy melts according to the package in a microwave safe bowl. Drop one cake bite into the bowl and use a spoon to coat it completely. Place back onto wax paper for chocolate to harden.
If you would like to add some drizzles of color to the cake bites, just warm up some frosting in the microwave for about 20-30 seconds. It will become liquid-like and you can use a spoon to drizzle it over the cake bites.
Store in an airtight container in the fridge and enjoy!

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