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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!

LEMON CHEESECAKE CRESCENT ROLLS

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Lemon Poppy Seed Pancakes are light, fluffy, and bursting with lemon flavor! Easy breakfast pancakes to start your day off right. Try them with lemon poppy seed glaze for a sweet, tart, delicious start to your day.
I partnered with Phil’s Fresh Eggs to bring you this recipe, but as always, all ideas and opinions are my own.
These Lemon Poppy Seed Pancakes are light, fluffy, and bursting with lemon flavor! Try them with lemon poppy seed glaze for a sweet, tart, delicious start to your day.Save

One of the most fascinating things about getting married is suddenly realizing that not everything you grew up with is totally normal. HA! Not that you ever thought it was….but honestly, there are so many little things that Jorden’s family did differently than mine….and around the holidays, there always seem to be even more.
These Lemon Poppy Seed Pancakes are light, fluffy, and bursting with lemon flavor! Try them with lemon poppy seed glaze for a sweet, tart, delicious start to your day.Save

Things like Christmas Eve traditions (my family usually went to midnight mass, Jorden’s family celebrated with a family night and tons of appetizers), whether or not we got Christmas stockings (no for me, yes for him), rules of present opening (in my family we all took turns, in Jorden’s family it was more of a free for all), and…..St. Nick!
These Lemon Poppy Seed Pancakes are light, fluffy, and bursting with lemon flavor! Try them with lemon poppy seed glaze for a sweet, tart, delicious start to your day.Save

In my family, on the night of December 5th we would all get out our LONGEST sock and lay it out on the kitchen table….then wait for St. Nick to fill it while we slept. The next morning we would wake up to find fruit, nuts, candy, and little presents that had been left for us. It was like the first taste of Christmas – a little bonus – and always left us so excited for what was to come.
These Lemon Poppy Seed Pancakes are light, fluffy, and bursting with lemon flavor! Try them with lemon poppy seed glaze for a sweet, tart, delicious start to your day.Save

Even though Jorden’s family didn’t celebrate St. Nick (Santa filled their stockings on Christmas) we decided to continue the St. Nick tradition for our kids. And….today was the special day! So, of course, our kids woke up out of their minds with excitement, not wanting to bother with getting dressed or eating breakfast or any of the usual things that happen on a weekday morning. Nope, they just rushed downstairs and ran straight to their stockings. The loot? New cozy slippers, shirts, snacks, and candy. And four gingerbread houses waiting to be decorated.
These Lemon Poppy Seed Pancakes are light, fluffy, and bursting with lemon flavor! Try them with lemon poppy seed glaze for a sweet, tart, delicious start to your day.Save

Lemon Poppy Seed Pancakes are perfect for Breakfast

I’ve always been a big believer that it’s all about the little things….and mornings like today make me feel it even more. The only thing that would have made this morning better? A big plate of these Lemon Poppy Seed Pancakes. Because, honestly, the ONLY thing better than waking up to a stack of homemade pancakes is waking up to presents. Am I right? And these Lemon Poppy Seed Pancakes would have been the perfect addition. Made with lemon juice, lemon zest, poppy seeds, and Phil’s Fresh Egg Whites, these pancakes are light and fluffy and full of lemony goodness. And when you top them with a sweet lemon poppy seed glaze? Well, it might as well be Christmas morning! Or at least a very close second.
These Lemon Poppy Seed Pancakes are light, fluffy, and bursting with lemon flavor! Try them with lemon poppy seed glaze for a sweet, tart, delicious start to your day.Save


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Lemon Poppy Seed Pancakes

 Prep Time 10 minutes
 Cook Time 10 minutes
 Total Time 20 minutes
 Servings 12
 Author Cathy Trochelman

Ingredients

Pancakes:

  • 2 c. all purpose flour
  • 3 Tbsp. granulated sugar
  • 1 Tbsp. baking powder
  • 1/2 tsp. salt
  • 1 1/2 c. milk
  • 2 Tbsp. vegetable oil
  • 1 Tbsp. butter melted
  • 2 Tbsp. lemon juice
  • 1.5 Tbsp. poppy seeds
  • zest of 1 lemon
  • 6 Tbsp. Phil's Fresh Egg Whites

Glaze:

  • 2 c. powdered sugar
  • 3-4 Tbsp. lemon juice
  • 1/2 tsp. poppy seeds
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Instructions

  1. In a large mixing bowl combine flour, granulated sugar, baking powder, and salt.
  2. In a separate bowl, combine milk, oil, melted butter, lemon juice, poppy seeds, and lemon zest.
  3. Mix well; add all at once to flour mixture.
  4. Gently mix until just combined.
  5. Beat egg whites until soft peaks form; gently fold into batter.
  6. Let batter rest 5 minutes.
  7. Pour by 1/4 c. onto prepared skillet.
  8. Wait until bubbles form on the surface and pop; then flip pancakes until golden brown on both sides.
  9. For glaze, combine powdered sugar, lemon juice, and poppy seeds and mix until smooth.
  10. Pour over pancakes as desired.


These Lemon Poppy Seed Pancakes are light, fluffy, and bursting with lemon flavor! Try them with lemon poppy seed glaze for a sweet, tart, delicious start to your day.Save

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