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!

NO-BAKE M&M CHOCOLATE PEANUT BUTTER PIE



I love this no-bake M&M chocolate peanut butter pie. What’s better than a delicious chocolate and peanut butter pie is one that doesn’t take time in the oven! This fun recipe is as pretty as it is tasty.

INGREDIENTS

Oreo Crust
1 package of double stuffed Oreos
1/4 C Mini M&M's
1/2 C unsalted sweet cream butter melted

PEANUT BUTTER FILLING:
16 oz cream cheese softened
1 C creamy and smooth peanut butter
8 oz container of cool whip
1/4 C mini M&Ms

RICH CHOCOLATE GANACHE:
1 1/2 C semi-sweet chocolate chips plus some for topping
3/4 C heavy whipping cream
1/4 C Mini M&M's

PEANUT BUTTER FROSTING:
1/2 C unsalted sweet cream butter softened
1/4 C peanut butter
1 tsp vanilla extract
1 C powder sugar
3-5 tbsp heavy whipping cream

INSTRUCTIONS

CRUST:
Using a blender, add entire package of Oreos into the blender and blend until the cookies are in fine crumbs.
Using a large mixing bowl, combine the Oreos, melted butter and mini m&ms.
Press evenly into a 10 inch pie pan.
Place in fridge for about 30 minutes to firm up.

FILLING:
Using a standing mixer with a whisk attachment, beat the cream cheese and peanut butter until creamy and smooth
Mix in the cool whip until combined
Using a rubber spatula, mix in the M&M
Spoon the mixture onto the crust and spread evenly with a angled spatula
Place into the fridge for one hour

CHOCOLATE GANACHE:
Using a medium microwave safe bowl, combine the chocolate chips, and heavy whipping cream
Place into the microwave on increments of 30 seconds until the chocolate chips start to melt
Use a whisk and whisk until chocolate is completely melted and the ganache starts to appear thick
Pour the ganache onto the top of the filling and spread evenly with an angled spatula
Sprinkle with the chocolate chips and mini M&M's
Place into the fridge for another hour or until the chocolate ganache has hardened

PEANUT BUTTER FROSTING:

Using the standing mixer, combine all ingredients and mix on medium speed until fluffy and creamy.
Scoop frosting into the piping bag.
Pipe frosting around the edge of the pie and enjoy with a very large glass of coffee or milk!

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