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!

Easy No Bake Oreo Cookie Truffles for Valentine’s Day

Looking for easy Valentines Day desserts recipes? Learn how to make these easy Oreo cookie truffles with just 3 ingredients!

If you remember my last few recipes, like Peanut Butter Chocolate Bars and Nutella Cheesecake, and now these truffles, maybe you have noticed that all are no-bake recipes. Maybe you are thinking that I’m getting a little lazy (well, there is some truth in that) but it is not the main reason for my choice. I’m a real Oreo Cookies addict (like many of you) and I totally love every dessert which is made of it. Similarly to the Reese’s Cheesecake, Oreo Cream Cheese Truffles have been seen numerous times, especially on Christmas cookie plates, but as for me, it’s never enough!




Since we are closer and closer to Valentine’s day, I came to the idea to make an interesting twist with this classic treat, and make my Oreo Truffles in the shape of a heart. I was a little suspicious that my idea to cut the truffles with a cookie cuter will not be successful. But not only was it successful, it turned out that it is much quicker and easier than to roll dozens of balls with your hand. It is really a piece of cake, you ground the Oreo, mix it with creme cheese, spread the mixture onto a baking paper, place in the freezer for awhile (so you could cut the truffles more easily) and then dip the hearts into melted chocolate.Oreo Truffles now in a new, special Valentines day Edition :). Truffles in the shape of a heart, creamy inside, crispy on the outside!

I dipped these truffles into chocolate twice so I would get the thick lair of crunchy shell(just as I like it), but it is your choice if you will make this additional step. Although, it has one advantage, besides looking better and being tastier, you don’t have to be so careful when you dip the truffles into the chocolate, because if don’t cover them perfect with the first layer, you will surely cover it with the second. You can add some sprinkles for festive looks, and also, they add extra crispiness and are in a perfect harmony with the creamy texture of the truffles.

Ingredients


1 package Oreo cookies
8 oz cream cheese, softened
1 bag candy melts
Sprinkles {optional}
Instructions


Crush the cookies in a food processor to a fine crumb consistency.
Add cream cheese and mix well.
Scoop the dough into your mold and press it down firmly.
Put your mold into the freezer for about 30 minutes.
Before you take the truffles out of the freezer, follow the directions on the package to melt the Candy Melts in a small bowl.
Take the truffles out of the freezer and pop them out of the mold.
One by one, dip them into the melted chocolate, completely covering them. Remove them with a fork and gently slide them onto a baking sheet covered in wax paper.
Sprinkle them with sprinkles before the chocolate dries {optional}.
Let the chocolate harden and enjoy!

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