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!

Perfect Apple Pie Cookies

These gooey bites bring you the best of both world: fruity-caramelly flavor of traditional pie with  all of the convenience of a cookie (no fork required !!!)

I know, I haven’t really invented hot water, you have seen cookies like this on the internet in the last few years for sure. Mostly, those are quick and simple recipes for which you need just a few simple store bought ingredients (frozen pie crust and canned apple pie filling).



Ingredients
For Apple Pie Filling :
  • 3 apples (about 1 lbs.)-peeled and sliced into 8 slices each
  • 1-2 tablespoon lemon juice
  • 3 tablespoon white sugar
  • 3 tablespoon brown sugar
  • 3 tablespoon corn starch
  • 1/2 teaspoon cinnamon
  • A dash of nutmeg
  • 3/4 cup water

For Pie Crust :
  • 1 cup (2 sticks) unsalted butter cut into cubes-chilled
  • 2 and 1/2 cups all-purpose flour
  • 1 teaspoon salt
  • 1 teaspoon sugar
  • 1/4 cup ice water
  • (or you can use 1 package Refrigerated Pie Crust (2 crusts))


Filling and Topping:
  • 1  and 3/4 cups apple pie filling-chopped into small pieces
  • 1 cup caramel sauce
  • 1 egg -lightly beaten
  • 1 tsp cinnamon
sans-serif;">1/4 cup sugar



Instructions
To make Apple Pie Filling:
  1. Toss sliced apples with lemon juice and set aside.
  2. In a saucepan or a pot combine cornstarch, sugar, browned sugar, cinnamon, nutmeg and water. Stir well and bring to a boil over medium-high heat whisking constantly. Let it boil 2 minutes until thick, then stir in apple slices.
  3. Reduce heat to low, cover the pot and let it simmer about 10 minutes. Apples should be soft but not mushy (cooking time depend on sort of apples). Remove apples from heat and leave them covered to soften and cooled.
  4. When it’s cooled take out the apples from the sauce and chop into small pieces, set aside.

To make Pie Crust:
  1. In a large mixing bowl place flour, salt and sugar and mix to combine.
  2. Using a pastry blender incorporate chilled butter cubes into the flour mixture(the mixture should resemble coarse meal)
  3. Drizzle 2 tablespoons ice water over the mixture and blend, repeat with another 2 tablespoons water. When you squeeze the dough it should holds together (you may have to add more water if the dough crumbles, add 1 tablespoon at a time)
  4. Divide the dough into two equal pieces, flatten and form two disc, pack each disc with plastic wrap and refrigerate 1 hour.
  5. Lightly dust working surface with flour, place chilled dough, dust the dough and the rolling pin, too. Turn the dough as you rolling to prevent it from sticking. Roll it out 1/8-inch thick.
  6. Repeat the process with the other disc.

Assembling the Apple Pie Cookies:
  1. Preheat the oven to 350 F, line cookie sheet with parchment paper, spray with non-stick spray and set aside.
  2. Spread the caramel sauce onto one pie crust.
  3. Spread chopped apple pie filling over caramel and gently tap the filling with your palms.
  4. Cut second pie crust into 1/2 inch strips and create a lattice top over the filling.
  5. Using round cookie cutter (about 2.5 inch) cut out the cookies and place them onto baking sheet.
  6. Beat the egg with a fork and brush the top of cookies.
  7. Combine cinnamon and sugar and sprinkle the cookies generously.
  8. Bake 20-30 minutes (until golden brown).

Notes
  • Apple pie filling recipe adapted from Spend With Pennies
  • Pie crust recipe adapted from Martha Stewart

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