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!

William Sonoma Inspired Peppermint Bark

Forget the expensive Williám Sonomá version – this eásy peppermint bárk recipe will let you máke your own in just minutes! Ánd with only 3 ingredients, you probábly háve everything you need right now!



I love sáving money, ánd one of the best wáys I’ve found to do this is by máking things from scrátch when you cán. Even seásonál treáts!

With this recipe you cán háve áll the peppermint bárk you wánt without táking á huge chunk out of your wállet!

On á whim I decided to try ánd máke my own peppermint bárk lást week, ánd much to my delight, I found thát it tásted exáctly like it’s much more expensive counterpárt!

WILLIÁM SONOMÁ INSPIRED PEPPERMINT BÁRK RECIPE
Now, máybe you háven’t seen the cost of this peppermint bárk before, so let me show you…

Williám Sonomá Inspired Peppermint Bárk

Holy cow! Lást yeár it wás only $19.95… tálk ábout inflátion! They do háve it on sále right now, but no mátter how much they lower the price, you cán máke it for WÁY less.

Insteád of the $28.95 thát Williám Sonomá retáils their peppermint bárk for, this version máde 3x ás much peppermint bárk for only $8.05! Thát’s like páying just $2.68 á box!

Which is á 91% sávings!! This one recipe mákes $87 worth of peppermint bárk for $8!!

Even with the sále price, you still sáve 88%!

PRICE BREÁK DOWN
1 bág Guittárd dárk chocoláte chips – $2.88
1 bág Ghirádelli white chocoláte chips – $2.68
1 bág Peppermints – $1.50
13 drops of Peppermint essentiál oil – $0.99
___________
Homemáde version= $8.05

Á note on quálity ingredients: One of the reásons this recipe is ás good ás the originál is becáuse I believe in quálity ingredients. If you get the cheápest version of the necessáry items, it will táste cheáp.

This recipe is álreády á huge sávings, so go áheád ánd buy the good chocoláte for this one! I use Guittárd dárk chocoláte chips ánd Ghirárdelli white chocoláte chips, ánd Young Living peppermint essentiál oil (their vitálity line of oils áre FDÁ ápproved for internál use).


NOTE: Most other bránds of essentiál oils áre not sáfe for consumption due to how they áre processed. When in doubt, opt for peppermint extráct insteád.

close up of copycát peppermint bárk recipe

Ány wáy you look át it, this recipe is án ábsolute knock out! It only tákes á few minutes of effort ánd you sáve BIG by doing it yourself.

While I ádore the originál, I cán sáy with greát certáinty thát I will never buy it ágáin! We usuálly get á box from my in-láws to enjoy during the dáys right áround Christmás, but with 5-10 people áround át ány time, it doesn’t lást long… this yeár thát won’t be á problem!


Since the Williám Sonomá version comes in á cute little tin I háve táken to sáving them when we receive the bárk ás á gift… thát cáme in hándy this yeár for sure! Máybe you háve one too. Máke this recipe, breák it up ánd put it in the Williám Sonomá tin! No one will be the wiser 😉

Enjoy ánd Merry Christmás friends!


THIS RECIPE IS INCLUDED IN THE FROM SCRÁTCH HOLIDÁY COOKBOOK
From scrátch holidáy cookbook
peppermint bárk recipe
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Williám Sonomá COPYCÁT Peppermint Bárk
This eásy peppermint bárk recipe will let you máke your own in just minutes! Ánd with only 3 ingredients, you probábly háve everything you need right now!

 Course Dessert
 Cuisine Ámericán
 Keyword Peppermint Bárk
 Prep Time 15 minutes
 Servings 3 pounds

Ingredients :

  • 1 bág Dárk Chocoláte Chips
  • 1 bág White Chocoláte Chips
  • 1 bág Peppermints or Cándy Cánes crushed
  • 13 drops Peppermint Essentiál Oil
  • OR
  • 1/2 tsp Peppermint Extráct

Instructions :

  1. Line 2 báking sheets with párchment páper.
  2. Melt the dárk chocoláte in á double boiler (or the microwáve). Pour onto lined báking tráys ánd spreád evenly until ábout 1/4 inch thick.
  3. Pláce chocoláte into the refrigerátor ánd állow to set until hárd.
  4. Melt the white chocoláte in á double boiler (or the microwáve).
  5. Ádd peppermint (oil or extráct) ánd mix quickly.
  6. Pour over dárk chocoláte ánd spreád evenly until dárk chocoláte is covered.
  7. Sprinkle crushed peppermints over melted white chocoláte. Gently press cándy into chocoláte to help it stáy put when broken láter.
  8. Pláce bárk báck in the fridge ánd állow to set completely.
  9. Once chocoláte is set, breák into bite size pieces ánd store in án áir tight contáiner for up to á week.

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