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!

CANDY CANE FUDGE

This easy recipe for Candy Cane Fudge is both festive and delicious for the holidays…



True Story: One holiday season a few years back, I made 23 different kinds of cookies and candies. I used them to assemble fabulous platters to gift to friends and neighbors. Everyone seemed to admire my willingness to go all-out and make homemade sweets, and I loved taking in the joy on people’s faces when they received their gift platters. It’s looking like that scenario may just happen again this year. I’m on the hunt for easy sweets to include on those gift platters. This recipe for Candy Cane Fudge is the first holiday sweet treat I’ve made this season. There are many more to come!


Do you have these Candy Cane Kisses in your life? If not, then you need to resolve that pronto. They are SOOOO good. They’re addicting-good. I’ve spotted them at drugstores and at Target too. If you buy the “family size” bag of them at Target, you’ll have enough for this recipe. And you’ll probably want to buy more than that since they’re kind of fun to have around for munching too.




The fudge is super simple to make. It only has 4 ingredients, and you don’t need to use a candy thermometer or anything crazy like that. Just heat the ingredients together, pour the fudge into a pan, chill and cut. EASY.




And I’d say it makes for a very pretty piece of fudge. It’s creamy and soft and delicious. I can’t wait to add these to my holiday platters this year (they are currently in my freezer… where they are HOPEFULLY safe from people who often crave sweets in my house!)


Happy holiday baking and making! Let me know what’s on your list to make this year 🙂

CANDY CANE FUDGE


yield: ABOUT 16 PIECES OF FUDGE

PREP TIME:15MINCOOK TIME:


INGREDIENTS:


110 (or 18 ounces) Hersheys Candy Cane Kisses (unwrapped)
One 14-ounce can sweetened condensed milk
1/4 cup (4 tablespoons) salted butter, cut into pieces
4 large candy canes, crushed



DIRECTIONS:


1. Spray an 8x8 inch pan with nonstick spray. Then line with waxed paper so that the waxed paper comes up two sides (you'll want to use those two sides later like a handle... to pull the fudge out of the pan).

2. In a medium glass or pyrex bowl, combine the Kisses, sweetened condensed milk and butter. Microwave in 30 second bursts until all is melted and smooth (stir after each burst). Alternately, this can be done in a double boiler. Heat until melted.

3. Pour the mixture into the prepared pan and smooth the top. Sprinkle crushed candy canes on top and press gently to adhere. Chill for at least 2 hours, or until fudge is completely cooled and hardened. Loosen up the other sides of the fudge in the pan by using a knife. Use the waxed paper like handles and wiggle it out of the pan. Peel off the waxed paper and place the fudge slab on a cutting board. Cut and serve, or store in a covered container (at room temperature or in the freezer) until ready to serve.


Source link from : https://www.recipegirl.com/candy-cane-fudge/

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