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!

Red Velvet Sandwich Cookies With Cream Cheese Icing + More Valentine’s Day Dessert Recipes




With Valentine’s Day in just a few days I thought you may be looking for a delicious dessert recipe to make for your sweetie. So I am not just sharing my recipe for Red Velvet Sandwich Cookies With Cream Cheese Icing, I am also sharing recipes from my blogger friends.

I am sure you will find a sweet to make for your sweetie! There are cookies, cakes, and more. Let me know which recipe you plan on making!

I love to bake – but something I don’t make very often is sandwich cookies! I dont know why because they are so good! A few months ago I made Peanut Butter Sandwich Cookies With A Chocolate Filling – we all loved them! And now I want to share a recipe for Red Velvet Sandwich cookies with a cream cheese icing in the middle.

Another great thing about these cookies is that you start with a cake mix! My daughter loves to help me bake but sometimes it’s overwhelming and makes a huge mess if we make everything from scratch. The cake mix + 2 more ingredients is all you need for the cookies. (You don’t need to use the ingredients that are listed on the back of the box.)



Red Velvet Sandwich Cookies With Cream Cheese Icing

Ingredients for Red Velvet Sandwich Cookies
1 box Red Velvet Cake
2 eggs
¾ cup shortening

Ingredients for Cream Cheese Icing
1 oz cream cheese
½ cup butter, softened
1 teaspoon vanilla extract
2 ½ cup powdered sugar
4-5 teaspoons of half and half (until it’s the desired consistency)
Red Velvet Sandwich Cookies Instructions:
Preheat the oven to 350*. If possible, use parchment paper to line your cookie sheet and set aside.
Combine the cake mix, eggs, and shortening. They dough will not be as dry as a normal cookie dough.
Roll them into 1 inch balls and then press to flatten. Bake for 10 – 11 minutes. You don’t want to over cook them – just enough for the edges to be dry. Let them sit on the baking sheet for about 2 minutes to firm up and then move to a cooling rack.
Repeat with the batter until it’s gone.
When the cookies are completely cool you can make the icing.
Cream Cheese Icing Instructions:
Using a mixer – I prefer a stand up mixer, add the cream cheese and butter and mix until combined. Alternate a little powdered sugar, vanilla and half and half until you have the desired consistency.
Snip the tip of a small plastic bag and spoon the icing into the bag. Swirl a light lighter of the icing onto 1 side of the cookie. Add the tops cookie. Then enjoy!!


I don’t like to add a lot of filling to the middle of the cookies. If you prefer lots of icing you can double the recipe.


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