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!

PEPPERMINT OREO TRUFFLES

Here we go Day 2!!!!! Recipe #2 of Just Add Sprinkles’ 24 Days of Holiday Recipes is an easy (so easy!) and festive sweet treat. No bake and all simple ingredients, perfect for a busy holiday season. These Peppermint Oreo Truffles require very little time and are perfect for holiday parties, school events, Christmas get-togethers, give as gifts maybe….

Needless to say, they’re pretty awesome. And absolutely perfect this time of year.



Chocolate and Peppermint – these two complimentary each other well and are the main focus of these yummy no bake truffles.

You’ll need chocolate, Oreos, a block of cream cheese, Peppermint extract & something for garnish – I used Christmas colored sprinkles & crushed peppermint candies.

For the chocolate coating: For this particular batch I used melted semi sweet chocolate chips, it worked great but the melted chocolate was thick so it took a little extra time coating these babies. Other options that work great are candy melts, baker’s chocolate & chocolate melting wafers.



Get hands on: The easiest way to combine the cookie crumbs and cream cheese (don’t forget the peppermint extract) is to use your hands. It’s a little messy but I’ve tried other ways, using spoons or spatulas and nothing worked as good as just getting in the bowl and combining the ingredients together myself. My best advice; just work with it, it’ll seem like the cookie crumbs aren’t binding to the cream cheese but they will, just keep pushing together with your hands as if your trying to form a huge cookie crumb cream cheese ball, within a few minutes you’ll have it all together.





Easy, No Bake chocolate covered Oreo truffles with a hint of peppermint flavor to make them perfect for the holiday season!

Author: Kimberly
Prep Time: 1 hr 30 mins
Total Time: 1 hr 30 mins
Yield: 36

ingredients
1 standard package of Oreos
(1) 8 oz. block of cream cheese (room temperature)
2 to 3 teaspoons peppermint extract
8 oz semi sweet chocolate (baker’s chocolate, baking wafers, or chocolate chips)
8 oz white chocolate (baker’s chocolate, baking wafers or morsels)
optional: sprinkles & soft peppermint candies for garnish

instructions
Leave cream cheese out on the counter for at least 30 minutes before you start to make the truffles so it can come to room temperature.
In a food processor pulse cookies until they become fine crumbs. Pour cookie crumbs into a large bowl and add in the block of cream cheese. Use your hands to combine the cream cheese and cookie crumbs together, add in peppermint extract and continue to work cookie crumbs and cream cheese until thoroughly combined. Cover bowl with plastic wrap and place in the refrigerator to chill for at least 1 hour.
When your ready to scoop and coat the truffles you can melt your chocolate. In a microwave safe bowl heat chocolate in 20 second intervals, stirring the chocolate thoroughly in between each heating. Repeat until chocolate is completely melted & smooth.
Using a tablespoon or small cookie dough scoop, scoop out small balls and dip into the melted chocolate using a fork. All excess chocolate to drip off the truffles. Place on plate or baking sheet to allow chocolate to set, garnish with sprinkles or crushed peppermint before chocolate drys completely. You may want to stick them in the fridge to firm up before serving.


Source link from : http://just-add-sprinkles.com/2017/12/02/peppermint-oreo-truffles/

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