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!

PUMPKIN SPICE WAFFLES

Nothing says fall like these light and crispy pumpkin spice waffles. Simple, easy, and perfect with a pat of butter and a drizzle of maple syrup!



My kids are ALWAYS coming up with things we need to make. Usually it’s breakfast items or random things for dinner. Lately it’s been pancakes, doughnuts, cinnamon rolls, and waffles. What can I say? They love carbs as much as I do!

They have so many unique ideas. Most of them would be quite unsavory, however, every now and then they have a really good one. These pumpkin waffles topped the list. They’re surprisingly light and crispy, loaded with pumpkin puree and packed with fall spices.


I could eat a big pile of these every morning… and I would, if there were any leftover!



We devoured these the day we made them. The kids helped spread butter into all the nooks and crannies and drizzled the top with way more syrup than any human should consume. I definitely saw that coming.


Whatever was left (3 waffles maybe?) we tossed into a ziploc bag and saved them for the following morning. And you know what? They tasted just as good! We popped them into the toaster oven and they came out warm and crisp just like the day before.





What makes these pumpkin spice waffles so amazing, aside from their flavor, is their texture. If you’ve baked with pumpkin puree before, you know how moist and dense the end result is. That’s kind of the opposite of what waffles should be.


So I replaced some of the flour for cornstarch (a trick I use in my buttermilk waffle recipe) and whipped the egg whites until stiff. Both of these techniques help create a fluffy interior and a crisp exterior.

That sounds more like it, right?



To amp up the flavor I used buttermilk, vanilla extract and a combo of cinnamon and pumpkin pie spice. I know these are all “expensive” ingredients, but I use them often and I truly believe quality ingredients can completely transform a recipe. Make or break it.




The last thing I did was cook my waffles extra long to help them develop a nice crisp crust on them. I’m not saying burn them. Just let them get a little darker than usual. You’ll be able to feel for doneness.


If you’re worried set them on your desired setting, then after the timer beeps, let them cook for 2 minutes longer. They should be perfect.

We served ours up with regular old butter and our favorite maple syrup. If you want to get extra fancy try whipping up some whipped pumpkin butter or buttered maple pecan syrup. ENJOY!!

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PUMPKIN SPICE WAFFLES
YIELD: 10 SQUARE WAFFLES
PREP TIME: 10 MINUTES
COOK TIME: 5 MINUTES
ADDITIONAL TIME: 10 MINUTES
TOTAL TIME: 25 MINUTES
Nothing says fall like these light and crispy pumpkin spice waffles. Simple, easy, and perfect with a pat of butter and a drizzle of maple syrup!


INGREDIENTS
1 3/4 c. + 2 tbsp. all-purpose flour
2 tbsp. cornstarch
2 tsp. baking powder
1/2 tsp. baking soda
1/4 tsp. coarse kosher sea salt
1 tsp. cinnamon
1 tsp. pumpkin pie spice
4 tbsp. (1/2 stick) unsalted butter
1/4 c. brown sugar
1 c. pumpkin puree
1 1/3 c. buttermilk
1/2 tsp. vanilla extract
2 eggs + 1 egg white, egg whites seperated

INSTRUCTIONS
Preheat waffle maker.
In a medium size bowl, whisk together the flour, cornstarch, baking powder, baking soda, salt, cinnamon, and pumpkin pie spice. Set aside.
In a large microwave safe bowl, melt butter. Whisk in sugar, then pumpkin puree, followed by the buttermilk (this will help prevent curdling). Add vanilla and egg yolk, whisk to combine.
In a medium bowl with a hand mixer or in the bowl of a stand mixer, whip the three egg whites until stiff.
Fold in dry ingredients to wet ingredients just until a few streaks remain. Add egg whites and fold just until incorporated. Do not overmix.
Scoop batter into the hot waffle maker and cook until crisp. Serve immediately or toast to reheat.

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