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!

Asian-Inspired Caramel Apples (video)







This is a fun twist on the traditional caramel apple. In this recipe, I am using dried Asian fruits instead of the typical candy and cookie toppings. These delicious apples are a healthier version and the kiddies and grown-ups will love them. How about bringing these delicious treats to your next Halloween party?
Notes on the Recipe, Tips and Tricks
Tilting the bowl helps to pool the caramel and makes coating the apple easier.
If you find the caramel on the apple hardening and the toppings are not sticking, microwave the entire apple for 15-30 seconds and then apply the toppings again.
If the caramel hardens as you are making the apples, just put bowl back in the microwave for another 45 seconds.
Enjoy while fresh. Any uneaten apples should be covered and stored at room temperature for up to 4 days.


Ingredients

·         5 medium organic Granny Smith apples
·         14 oz bag of caramels (approximately 50 pieces )
·         Assorted dried fruit bits:  coconut, guava, kumquat, mango, and pineapple sesame and peanut candy, coarsely chopped
·         5 disposable chopsticks
Directions

·         Remove stems and wash apples.  (If apples are waxed, quickly dip each apple in a bowl of hot water.  Then wash with cool water.)  Dry the apples and refrigerate for 1 hour.
·         Insert a disposable chopstick down the center along the core of each apple.
Put fruit bits into individual plates.
Lay a piece of wax paper or parchment paper over a cutting board or large plate.
·         Place the caramels in a glass bowl.  Microwave on high for 2 minutes.  Stir.  Microwave on high for another 1 minute.  Caramel should be completely melted and smooth.
·         Holding the chopstick end, dip apple into the melted caramel.  Quickly swirl apple making sure it is evenly coated.  Remove apple from caramel and allow the excess to drip off.  Quickly roll apple in dried fruit bits.  If fruit doesn’t stick, use your hands to press the dried fruit onto the apple.  Remember to work quickly.
·         Place apple on wax paper and allow 20 minutes to set.  These apples are best if eaten within the day.


source : click here


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