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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!

CAKE BATTER POPSICLES

, Edit
Popsicles are such a fun thing to make during the summer. You can make them fruity, colorful, healthy, indulgent, themed – the choice is yours. Naturally, I wanted mine to taste like cake batter and have sprinkles…shocking right?
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These Cake Batter popsicles are so creamy. They’re also colorful and tasty. I think they’d be so much fun to make for a birthday party during the summer. Cake batter flavor, sprinkles and something cold for these hot summer days, sounds pretty good to me.
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 If I may, I’d just like to put it out there that popsicles are one of the most difficult subjects to take pictures of. By the time you’ve got everything set up, your popsicles are starting to melt. I’m sure the 90 degree South Florida heat didn’t help my case but it worked out.
 These popsicles can be made using vanilla ice cream, yellow cake mix, a little vanilla extract, milk, and of course sprinkles. You can’t have cake batter without sprinkles. I wanted these popsicles to be super creamy and have an ice cream like texture, so I figured there were no substitutions but to use the real thing. Sometimes popsicles can come out icy and I wanted to avoid that. I pretty much was looking for cake batter ice cream on a stick. Luckily, that’s exactly what these are.
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Something to consider when dealing with popsicles. When your ready to eat them, slightly thawing them is crucial. Store bought popsicles are typically wrapped in some sort of freezer wrapping, so they’re ready to go whenever. Not these babies. I found it easiest it take each popsicle mold (the ones I used detach from the tray) and run them under light, warm water for about 30 seconds. Make sure the water runs over all the sides of the popsicle mold so it thaws evenly. If you skip this step and try to take them out without thawing them, chances are you’ll just rip the popsicle stick right out of the actually popsicle and that’s just no fun.
Goodness I just said popsicle a lot.
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Before I forget, this recipes makes 6 to 7 popsicles. I hope you guys enjoy these as much as I do!

cake batter popsicles

Creamy, cake batter flavored popsicles with sprinkles, perfect for anytime during the summer.
  • Author: Kimberly
  • Prep Time: 4 hrs +
    •  
  • Total Time: 4 hrs +
  • Yield: 6

ingredients

  • 3 cups of vanilla ice cream
  • 3/4 cup yellow cake mix
  • 2 teaspoons vanilla extract
  • 1 cup milk
  • 1/2 cup sprinkles (I used jimmies, nonpareils may turn your ice cream tie dye)

instructions

  1. Combine ice cream, cake mix, vanilla extract, and milk in a blender and blend on medium speed until thoroughly combined and smooth. Pour mixture into a bowl and mix in sprinkles. Spoon mixture into popsicles molds and freeze for at least 4 hours or over night. After 1 hour you can stick wood popsicles sticks in the molds if not using the holders that come with your popsicle molds.
  2. When ready to serve, run luke warm water over popsicles molds for about 30 seconds to 1 minute. Let popsicles thaw for another minute or two before pulling from plastic molds.

notes

  • *4 hours indicated above is for freezing time

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