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 PEANUT BUTTER FUDGE

This Chocolate Peanut Butter Fudge recipe is super easy to make! Watch the video showing you how to make this recipe, then scroll to the bottom of this post and print out the recipe so you can make it at home.



CHOCOLATE PEANUT BUTTER FUDGE RECIPE

This is an incredibly creamy, wonderful fudge. The two flavors in one bite are a nice surprise. Make this fudge as an easy recipe for holiday gifting or to add to holiday sweet treat platters. It’s a big-time favorite!

This recipe calls for using both peanut butter chips and bittersweet chocolate chips. I’ve had people ask me before about the peanut butter chips because they are not sold internationally. Reading through the comments on this recipe, it looks like people have substituted regular peanut butter for the peanut butter chips without a problem. I haven’t tried making this chocolate peanut butter fudge with regular peanut butter, but it appears others are having success!

You will also need a jar of marshmallow creme. I don’t believe using regular marshmallows is an option. And you’ll also need a small can of evaporated milk (don’t use sweetened condensed milk!)
DO YOU NEED A CANDY THERMOMETER TO MAKE FUDGE?

No candy thermometer is needed for this recipe- yahoo! Just don’t over-heat the sugary mixture as that usually turns out a dry fudge.



IS FUDGE DIFFICULT TO MAKE?

This recipe seriously could not be any easier to make. It calls for chocolate chips and peanut butter chips (no specialty chocolates), and it magically turns into this wonderful fudge.


Let me know how you like it!
CAN YOU FREEZE FUDGE?

I’ve had good luck freezing fudge. I like to place it in a even layer in a sealable, freezer safe container, and wrap it in wax paper too. If you want to stack layers, just place a piece of wax paper between layers. Let sit at room temperature to defrost. The fudge may have a bit of moisture on it after defrosting, so just let that dry.


CHOCOLATE PEANUT BUTTER FUDGE


Super easy, creamy fudge recipe!
Course Dessert
Cuisine American
Keyword chocolate peanut butter fudge
Prep Time 25 minutes
Cook Time 10 minutes
Total Time 35 minutes
Servings 40 pieces
Calories 121 kcal



INGREDIENTS
1 cup peanut butter chips
1 cup bittersweet chocolate chips
2 1/4 cups granulated white sugar
1 7-ounce jar marshmallow creme
1 5-ounce can evaporated whole milk
1/4 cup (1/2 stick) butter
1 teaspoon vanilla extract

INSTRUCTIONS
Line an 8" X 8" pan with foil and spray lightly with nonstick spray
In 2 separate heat-safe medium bowls, place the peanut butter chips in one and the chocolate chips in the other.
In a 3-quart sauce pan, combine the sugar, marshmallow creme, evaporated milk and butter. Cook over medium heat, stirring constantly, until the mixture boils; boil and continue to stir for 5 minutes. Remove from heat and quickly stir in the vanilla.
Quickly stir one-half of the hot mixture into the peanut butter chips and the other half into the chocolate chips. Stir the peanut butter mixture until fully melted and quickly scrape into the prepared pan and smooth evenly along the bottom. Stir the chocolate chip mixture until fully melted and carefully spread evenly over the top of the peanut butter layer.
Let the fudge sit at room temperature until completely cool (or refrigerate). Cut into small squares.


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