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!

Weight Watchers Freestyle Cherry Poke Cake & More Valentine’s Day Dessert Recipes



I have been with my husband for over 15 years and each year how we celebrate Valentine’s Day becomes more about spending together than it does the cards and the gifts. The one thing that has not changed is our love for delicious desserts to share on this day. To help you spoil your special someone and yourself this Valentine’s Day, I have teamed up with a great group of bloggers to share our favorite Valentine’s Day Dessert Recipes.


I know that many of you are working hard to keep your New Year’s weight loss resolution, so the recipe that I have made to share with all of you is a tasty but low calorie dessert option. This delicious, low-calorie Cherry Poke Cake makes 12 servings and is only 6 points if you follow the Weight Watcher’s Freestyle Program.

Get ready to be inspired with delicious Valentine’s Day Sweets by checking out the great suggestions below and then keep scrolling to get the recipe for this delicious Weight Watcher’s Freestyle inspired Cherry Poke Cake.


Weight Watcher’s FreeStyle Inspired Cherry Poke Cake Recipe



Ingredients

Sugar Free Cake Mix (White/Yellow)
10 oz Sprite Zero/Diet Sprite
Sugar Free Cherry Jello (0.3 oz)
Sugar Free/Fat Free Cool Whip
Red/Pink Gel Food Coloring
Fresh Berries

Directions

Preheat oven to 325 degrees and spray a 9 x 13 cake pan** with non-stick cooking spray.
In a medium bowl, combine the cake mix and Sprite Zero, until completely mixed together.
Bake for 25-30 minutes, or until a toothpick inserted in the center comes out clean.
Let cake cool completely.
When cake is cooled, use the handle of a spoon and poke holes throughout the top of the cake.
Prepare the Jello according to the Speed-Set directions on the box , reducing the cold water by 1/2 cup.
Pour jello over cake and refrigerate for 1-2 hours.
Once cake is cooled, combine cool whip and food coloring until the desired pink shade is reached.
Top with fresh berries before serving.

** If you want you can bake the cake in 2 round cake pans (8 or 9 inch) and stack together with some of the cool whip between each layer. You can also use a silicone 9 inch cake pan that is tall to make one large round cake.

When cut into 12 slices, this Cherry Poke Cake is only 6 Weight Watchers Freestyle points per slice.



Just like most recipes, let your creativity guide you when you make this recipe and experiment with other Sugar Free Jello flavors. As long as your choices are sugar-free the point value will stay the same. For those of you that are not worried about cutting calories, this recipe can be made with regular cake mix, gelatin, and whipped topping. You can also get creative with toppings and use shaved chocolate, ice cream sprinkles, and more. Just remember that any additions will change the point value of the recipe.



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