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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!

No Bake - Strawberry Champagne Cheesecake

, Edit
with all the hustle and bustle, this time of year can get a tad bit hectic. So coming up with something to really wow your guests on New Years Eve can be a little daunting - until now. Because Extraordinary Days has a no-bake (yes, no-bake) delight that is sure to make jaws drop. Champagne, strawberries, glitter all all topped off with a sparkler - need we say more?

From Extraordinary Days...There is nothing better than hosting a dinner party on New Year’s Eve – no crowds and no fighting to get a taxi home! It’s even better when you bring fun and sparkle to your dinner table. These festive desserts can be made the day before your party and they combine all the best parts of New Year’s Eve – champagne, glitter and fireworks!

Ingredients :
8 large champagne glass servings
For the crust
14 whole graham crackers
10 tablespoons unsalted butter, melted
4 tablespoons brown sugar
Pinch salt

 For the cream cheese filling
2 pounds cream cheese, softened
1 cup confectioners’ sugar
2 teaspoons vanilla extract
1 cup heavy cream

 For the champagne strawberries
2 pounds fresh strawberries, washed and stemmed
1 bottle of your favorite champagne (save ½ cup for whipped cream)

 For the champagne whipped cream
2 cups heavy whipped cream
½ cup confectioners’ sugar
½ cup of your favorite champagne

 Directions :
To prepare the strawberries
Pour your champagne over the strawberries until all are submerged. Cover and refrigerate for 20-24 hours to let the strawberries absorb the champagne. When you are ready to prepare the desserts, remove the strawberries from the champagne and thinly slice the strawberries.

 To prepare the crust
In a food processor grind the graham crackers until they create a fine powder. Add the butter, brown sugar, and salt and mix well.

 To prepare the cream cheese filling
Combine the cream cheese, sugar, and vanilla and beat well. In a separate bowl, beat the heavy cream on high until it becomes stiff. Fold the heavy cream into the cream cheese mixture until it is well incorporated.

 To prepare the desserts
Begin by filling 1/6th of a champagne glass with the crust mixture. Next, using an icing-piping bag, fill the next 1/6th of the glass with the cream cheese filling. Refrigerate for 15 minutes to allow the cream cheese filling to become firm. Finally, add a layer of champagne strawberries. Now your glass should be half full so simply repeat these layers one time to fill your champagne glass!

 Top the dessert with champagne whipped cream, a dusting of edible glitter and serve with a miniature sparkler!
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