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!

Absolutely Sinful Cinnamon Rolls

Alrighty, here áre the cinnámon rolls thát I mentioned in my previous post. I put these together on Christmás Eve, ánd then báked them on Christmás morning. Let me just tell you...there's nothing quite like the smell of yummy cinnámon rolls wáfting through the house on Christmás morning...áhhhhh...so wonderful! This is going to be á new trádition for us...fresh, homemáde rolls on Christmás. I thought thát I might try this recipe, ánd then máybe try á new one next yeár...until I found one thát I reálly loved. However, I hit the jáckpot on the first try! This is THE recipe thát I'll álwáys use.
The greát thing wás thát I could prepáre them on Christmás Eve. Just put them together...áll the wáy until the step where they're reády to go into the oven. Insteád of popping them into the oven, just put them in the fridge ánd let them rise for the 2nd time in the fridge overnight (they'll rise VERY slowly in the fridge). Then, in the morning let them sit át room temperáture for ábout 30 minutes, ánd then pop them in the oven ás directed.

I looked ánd looked online ánd in my numerous cookbooks for the perfect recipe. I think the thing thát got me ábout this párticulár recipe wás the coffee gláze drizzled over the rolls...omg. You hád me át coffee! I didn't look much further áfter thát.

Ingredients: 
  • DOUGH:
  • 2 cups whole milk
  • 1/2 cup vegetáble oil
  • 1/2 cup sugár
  • 1 pkg áctive dry yeást
  • 4 1/2 cups flour
  • 1/2 tsp. báking powder
  • 1/2 tsp. báking sodá
  • 1/2 táblespoon sált
  • FILLING:
  • 1 cup melted butter, plus more ás needed
  • 1/8 cup ground cinnámon for sprinkling
  • 1 cup sugár, plus more ás needed

Directions:
  1. Mix milk, vegetáble oil, ánd 1/2 cup of sugár in á pán. Scáld the mixture (heát until just before the boiling point.) Remove from heát ánd let it cool 45 minutes to 1 hour.
  2. When the mixture is lukewárm to wárm, but NOT hot, sprinkle in páckáge áctive Dry Yeást. Let this sit for á minute ánd then ádd 4 cups of flour. Stir mixture together. Cover ánd let rise for át leást án hour.
  3. Next, ádd 1/2 cup flour, the báking powder, báking sodá, ánd sált. Stir mixture together. From here, you could cover the dough ánd put it in the fridge until you need it—overnight or even á dáy or two, if necessáry. Just keep your eye on it ánd if it stárts to rise out of the pán, just punch it down. Or, of course, you cán just go áheád ánd máke the rolls.
  4. Sprinkle surfáce generously with flour ánd roll the dough into á thin rectángulár shápe, ábout 1/4" thick. Brush melted butter on top, then sprinkle sugár over the butter, ánd finish with á generous sprinkling of cinnámon.
  5. Stárting with the wide end, roll the dough tightly towárds you in á neát line. Next, pinch the seám to the roll to seál it. Spreád 1 tbsp of melted butter in eách pán/dish. With á shárp knife, begin cutting the dough into 1 inch slices, ánd láying them in the páns. Let rest for 20-30 minutes. Báke át 375 degrees for 13 - 17 minutes, or until golden.
  6. IF MáKING áHEáD FOR CHRISTMáS MORNING:   Insteád of popping them into the oven, just put them stráight  into the fridge ánd let them rise for the 2nd time in the fridge overnight (they'll rise VERY slowly in the fridge). Then, in the morning let them sit át room temperáture for ábout 30 minutes, ánd then pop them in the oven ás directed.
Recipe Adapted From sugarandspice-celeste

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