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!

Chocolate Chip Cookie Dough Fudge

A sweet & creamy fudge that tastes exactly like chocolate chip cookie dough! No eggs so it’s perfectly safe to eat. If you’re looking for an extra sweet treat this Holiday and Christmas season then you have to try this chocolate chip cookie dough fudge!


This chocolate chip cookie dough fudge has a massive amount of sugar so if you’re on a no-sugar diet (during the Holidays?!? I could never do that!) or just don’t like putting cups and cups of sugar into a recipe then you should probably look away. But since you are here I am assuming you love the idea of chocolate chip cookie dough fudge as much as I do.


You mix up a simple egg-less cookie dough and then combine some ingredients in a saucepan on the stove top. Let it cool completely and then combine the two. It really is so simple to make. The hardest part is letting it firm up in the fridge for a few hours before you can taste it.

CHOCOLATE CHIP COOKIE DOUGH FUDGE RECIPE
A sweet & creamy fudge that tastes exactly like chocolate chip cookie dough! No eggs so it's perfectly safe to eat. If you're looking for an extra sweet treat this Holiday and Christmas season then you have to try this chocolate chip cookie dough fudge!


Ingredients
cookie dough

  • 1/3 cup (5 1/3 tablespoons) butter, softened
  • 1/4 cup granulated sugar
  • 1/4 cup packed light brown sugar
  • 1/2 teaspoon vanilla extract
  • pinch of salt
  • 2 tablespoons heavy cream
  • 1/2 cup all-purpose flour
  • 1/2 cup mini semi-sweet chocolate chips

fudge

  • 1/3 cup light brown sugar
  • 1/3 cup (5 1/3 tablespoons) butter
  • pinch of salt
  • 1/3 cup heavy cream
  • 1/2 teaspoon vanilla extract
  • 4-5 cups powdered sugar
  • 1/4 cup mini semi-sweet chocolate chips

Instructions

  1. Line an 8×8-inch or 9X9-inch square baking pan with aluminum foil and set aside. Do not spray.
  2. For the cookie dough: in a medium bowl (or in the bowl of a stand mixer) combine the butter and sugars and beat on medium speed until light and fluffy. Mix in the vanilla, salt, and heavy cream. Add the flour and mix until just combined. Fold in 1/2 cup of the chocolate chips. Set aside.
  3. For the fudge: combine the brown sugar, butter, salt, and heavy cream in a medium saucepan. Stir over medium-low heat until the butter is melted and the brown sugar is dissolved. The mixture should be smooth and combined.
  4. Remove from the heat and stir in the vanilla. Gradually stir in the powdered sugar, 1 cup at a time, until the mixture is smooth and thick. The mixture should be very thick. Let this mixture cool completely before proceeding so the chocolate chips do not melt when combined.
  5. Add the fudge base to the cookie dough bowl and stir to combine. Spread the fudge into the prepared baking pan and press into an even layer. Sprinkle the remaining 1/4 chocolate chips on top of the fudge and lightly press them into the batter.
  6. Chill until set, about 3-4 hours, before cutting into pieces.

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