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!

NUTELLA-SWIRLED BANANA MUFFINS







NUTELLA-SWIRLED BANANA MUFFINS

Any recipe that uses up too-ripe bananas is a winner, amiright? I always buy bananas with the intent to eat one a day because I know that’s what I’m supposed to do, but most of the time they just sit on the counter until they are waaaay past ripe and bordering on fruit-fly stage…

Gross. Sorry. I always have a ton of bananas in the freezer because honestly, I like what they produce way better than fresh bananas because it’s almost always some form of BAKED GOODS!



These muffins are perfectly moist and full of banana flavor. More importantly, there are excessive quantities of Nutella swirled throughout the already almost-perfect muffins. Nutella is a smooth chocolate and hazelnut spread that will quickly replace the spoonful of peanut butter that I know we all indulge in from time to time if you let it. And you should. Did I really have to explain what Nutella is?! I trust that you, my friends, know exactly what Nutella is and how glorious chocolate and hazelnuts taste together and need no convincing to make this recipe.


You can bake them in a regular 12-muffin tin, or, even better, make 6 jumbo muffins! I love when muffins look like the overflowing, round-bellied muffins you see in bakeries. So please please skip the 12-muffin situation and go straight to the jumbos. Here’s a great pan to use for these if you don’t have one already…I promise you’ll use it again. Like when you make these muffins on repeat.]



I dare you to spread more slightly warm Nutella inside the muffins when you break them open too. I DARE YOU.


I’m dreaming of these right now. Let’s invite some company over this weekend and bake up a fresh batch of these, okay?



NUTELLA-SWIRLED BANANA MUFFINS
Author: Amanda
 Yield: 6 large or 12 regular-sized muffins
 Category: Muffins & Scones, Breakfast

DESCRIPTION
Perfectly moist banana muffins swirled with excessive amounts of Nutella!

INGREDIENTS
  • 3 ripe bananas (about 300 to 310 grams), mashed
  • 6 tablespoons butter, melted
  • 2 large eggs, at room temperature
  • 3/4 cup whole-milk plain Greek yogurt
  • 2 teaspoons vanilla extract
  • 2 cups (240 grams) all-purpose flour
  • 1 teaspoon (6 grams) baking soda
  • 3/4 cup (149 grams) granulated sugar
  • 1 teaspoon salt
  • 1/2 cup Nutella
INSTRUCTIONS
  1. Preheat the oven to 350°. Line a 6-cup large or 12-cup regular muffin tin with paper liners or spray with cooking spray. 
  2. In a large mixing bowl, combine the bananas with the butter, stirring to combine. Add the eggs, Greek yogurt, and vanilla, stirring again to combine. 
  3. In a small mixing bowl, combine the flour, baking soda, sugar and salt, stirring to combine. Using a rubber spatula, fold the dry ingredients into the wet ingredients just until combined. 
  4. Warm the Nutella in a small bowl in the microwave for 20 to 30 seconds, until softened but not melted. Fill the muffin cups up halfway with the batter. Place a teaspoon of the Nutella in the center of the batter. Fill the muffin cups up to the top with the remaining batter. Add another teaspoon to the top of each muffin, using a toothpick to swirl the Nutella into the batter. Bake for 23 to 27 minutes for large muffins, or 15 to 20 minutes for regular-sized muffins, until a knife inserted in the center comes out clean. Remove from the oven and allow to cool slightly before serving.
NOTES
Inspiration: Nutella Swirled Banana Muffins on bromabakery.com



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