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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!

EASY 20 MINUTE CHRISTMAS CRACK RECIPE

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Christmas Crack is aka saltine cracker candy is the most addicting candy recipe I’ve ever made! It only takes five simple ingredients (butter, brown sugar, saltine crackers, chocolate chips) and about 20 minutes to whip up a batch!

Seriously! This Christmas Crack recipe is so quick and easy to make that it’s completely dangerous! I make this candy about a million times during the holidays and about a million more times throughout the year. And every time I make a batch I completely lose the whole “I’m going to control myself” battle!

Christmas Crack, sometimes called Saltine Cracker Candy, is the most addicting easy candy recipe in the world! It's salty-sweet and dangerously simple to make! Add it to all your Christmas goody plates and be prepared to share the recipe because everyone beg you for it!

INGREDIENTS : 

  • 1 cup butter no substitutes
  • 1 cup brown sugar
  • 48 saltine crackers
  • 1 1/2 cups semi sweet chocolate chips
  • Sprinkles chopped almonds or walnuts (optional)


INTRUCTIONS : 

  1. Preheat oven to 400 degrees.
  2. Line baking sheet with aluminum foil and spray with cooking spray.
  3. Line foil with saltine crackers, touching salt side up. You probably won’t need quite two sleeves of crackers.
  4. Over medium heat, while constantly stirring, bring butter and sugar to a gentle, yet rolling, boil. If you turn the heat too high the mixture might separate. I like to use a whisk for stirring.
  5. Once it's boiling remove the spoon and boil for exactly 3 minutes. You want the heat to be as low as possible while maintaining a boil. It's important for the mixture to be completely boiling for the entire three minutes or the candy will turn out soggy.
  6. Pour over saltine crackers. Spread with the back of a spoon if necessary.
  7. Bake for 5 minutes.
  8. Immediately after removing them from the over sprinkle with chocolate chips. Let sit for a few minutes. Spread with the back of a spoon.
  9. Decorate with sprinkles, chopped nuts or colored dipping chocolates.
  10. Allow candy to completely cool.
  11. Break or cut into pieces.


Notes
Store saltine toffee in an airtight container. It should last for up to a week. 
It’s fun to use a different kinds of chocolate.
You may cool candy in the refrigerator or in the freezer for a few minutes, however it will get mushy if it’s stored in the freezer.

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