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!

“Pinkie Bars” Sugar Cookie Bars with Cream Cheese Frosting

There are brownies and blondies, now you have “pinkies”. Pink Sugar Cookie Bars with Cream Cheese Frosting. My kids thought the name was fun, and it stuck, so that’s what they are called in my house. These are easy, and a perfect Valentines Treat for the kids to pack in their lunches.

I like making cookie bars much more than individual cookies. They take less time and work. You don’t need to be constantly putting in and taking out and cooling off cookies. Then when the bars are done cooling off, you only have to frost one pan. Not 50 individual cookies. This makes my busy life happy!




Can’t think of anything to get your sig fig for Valentine’s Day this year? Have no fear the sweet treat master is here. I’m all for breaking the oven instead of my wallet, so here are some great dessert ideas to show the person you love how much they mean to you. And for all my single ladies out there these work for Galentine’s Day too!

Ingredients


Pinkies Sugar Cookie Bars:
3 1/2 cups flour
1/2 teaspoon salt
1 teaspoon bak­ing pow­der
1 cup but­ter, softened
1 1/2 cups sugar
2 eggs
1 teaspoons vanilla extract
1 teaspoon red food coloring
Cream Cheese Frosting:
1 8 Oz cream cheese, softened
1/2 cup butter, softened
2 cups powdered sugar
1 teaspoon vanilla
INSTRUCTIONS


Preheat oven to 350 degrees. Have a cookie sheet (jelly roll) pan ready. I like to line mine with aluminum foil and spray it with cooking spray so that the bars easily lift out and are easy to cut.
In a medium bowl, whisk together flour, salt, and baking powder. Set aside.
In a mixing bowl, cream together 1 cup butter softened and sugar until light and creamy. About 2-3 minutes. Beat in the eggs, vanilla, and food coloring until combined.
Add the flour mixture until a soft dough forms. Press into the bottom of the cookie sheet. Bake for about 15 minutes until the edges start to pull away from the sides and a toothpick entered into the center comes out clean. Allow to completely cool before frosting.
To make the cream cheese frosting, beat together the cream cheese and butter. Add the powdered sugar and vanilla. Beat together until smooth. Frost the top of the bars and sprinkle with your favorite sprinkles. Enjoy!

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