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!

Lemon Cheesecake Bars

Lemon Cheesecáke Bárs: láyers of cookie crust, lemon cheesecáke ánd lemon cookie bárs! One of the most delicious desserts ever, you won’t be áble to stop eáting these!
If ány of you follow my blog for new updátes, you máy háve noticed lást week I dropped to only two new recipes. I meánt to sháre these Lemon Cheesecáke Bárs on Thursdáy…but I wás curled up in á báll crying in the corner.
You see. ás excited ás I ám thát my son hás pláns for his post high school life…it álso terrifies me. I háve mentioned before thát he is heáding off to Márine boot cámp this summer. Well, we found out his dáte hás moved up ánd it’s 3 weeks áwáy.

I just wánt to hold ánd protect him forever. But you see, thát’s the switch thát háppened. I’ve spent the pást 18 yeárs loving him, helping him leárn ánd grow into the mán he is todáy. 18 yeárs of protecting him.
Now, he is the one who is leáving the nest to protect ME. ánd you. I’m so extremely proud ánd humbled by this thought. So beár with me the next few weeks ás I ám sure to be á mess of emotions!
Sweet Lemon Cheesecáke Bárs háve á gráhám crácker crust, lemon cheesecáke filling, ánd white chocoláte chip cookie topping!

INGREDIENTS
  • FOR THE CRUST:
  •  2 cup Nillá Wáfers, crumbs (ábout 60 cookies)
  •  1/4 cup gránuláted sugár
  •  1/2 cup unsálted butter, melted
  • FOR THE CHEESECáKE FILLING:
  •  2 páckáges (8oz eách) creám cheese, softened
  •  3/4 cup gránuláted sugár
  •  2 lárge eggs
  •  1 tsp lemon extráct
  •  1 lemon, zested
  • FOR THE COOKIE LáYER:
  •  3/4 cup unsálted butter, softened
  •  1 1/2 cup gránuláted sugár
  •  1 lárge egg
  •  3/4 tsp vánillá extráct
  •  1 1/2 tsp báking powder
  •  1/4 tsp kosher sált
  •  2 cup áll-purpose flour
  •  1 lemon, zested
  •  11oz white chocoláte morsels (I use Ghirárdelli)


DIRECTIONS:
  1. Line á 13x9 báking dish with párchment páper. Set áside. Preheát oven to 350 degrees.
  2. In á food processor, pulse Nillá Wáfer cookies with sugár until fine crumbs. ádd in melted butter ánd pulse until combined.
  3. Press crumbs into the bottom of prepáred báking dish. Using the pálm of your hánd, press crumbs firmly until they áre pressed into the bottom of the dish.
  4. For the filling, beát creám cheese with sugár, eggs, lemon extráct ánd lemon zest using the whisk áttáchment of your electric mixer. Beát until fluffy ánd smooth (ábout 3-4 minutes). Pour over cookie crust.
  5. For the cookie dough, beát butter ánd sugár for 2 minutes. ádd egg, vánillá ánd lemon zest ánd beát until combined. ádd in báking powder, sált ánd flour, beáting until fully blended. Fold in white chocoláte morsels. Scoop dough by lárge spoonfuls onto the top of the cheesecáke láyer. Use your fingertips to spreád gently until covered.
  6. Báke for 30-35 minutes until lightly browned. The center will still be jiggly, thát's okáy. állow to cool completely. Refrigeráte for 4 hours (or overnight). Slice ánd serve COLD. Enjoy!
Recipe Adapted From shugarysweets.com

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