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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 BLACKBERRY CUPCAKES RECIPE

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Can you believe it is already time for another cupcake Saturday recipe! I am pretty sure time is flying by in the blink of an eye. We will just have to keep focusing on cupcakes each Saturday in hopes of slowing the clock down! Today we are sharing a delicious Chocolate Blackberry Cupcakes Recipe that I know you are going to love. How can you go wrong with fresh blackberries and yummy chocolate! HELLO YUM!



Are you making cupcakes for a special occasion or just because they sound delicious? Either way is the perfect reason to bake a delicious set of cupcakes! You might also enjoy these recipes
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Chocolate Blackberry Cupcakes Recipe
Chocolate CupCake

Ingredients


Pre-heat over at 350 degrees

1/4 C unsalted butter ( room temp )

1 C sugar

1 C chocolate chips

2 LG eggs ( room temp )

2 LG egg yolks ( room temp )

1/2 C vegetable oil

2 tsp vanilla extract

1/3 C sour cream

1 C flour

1/2 tea salt

1/2 tea baking soda

1/2 C cocoa powder

1/2 C whole milk



DIRECTIONS 

In a medium-sized mixing bowl or the bowl of a stand mixer, mix butter and sugar.

Melt the chocolate in the microwave or in a double boiler.

Add chocolate to the butter/sugar mix and mix all together

Add in eggs and egg yolks one at a time mix with butter mix

Add in oil, vanilla, and sour cream mix in until all combined

Sift flour, salt, baking soda, and cocoa powder into a separate medium bowl.

Add dry ingredients to wet ingredients, mixing all together

Mix in whole milk

Blackberry Compote 

2 C blackberries

3/4 C sugar

2 TBSP Lemon Juice

1 TBSP of Fruit Pectin or Corn Starch

In a saucepan combine all ingredients and bring to a rolling boil.

Reduce heat and simmer until compote thickens.

Place to the side and let cool

Blackberry Frosting

2 C. Butter (room temp)

6-8 C Powered sugar

1 cup of freshly washed blackberries smashed

Directions

Add Butter, Blackberries to the mixer bowl set speed at medium

Now begin to add the powdered sugar one cup at a time and beat until well blended.

Increase the speed to med. speed until light and fluffy.

Place frosting in a pastry bag and pipe onto the top of the cupcakes.



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