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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!

Amaretto Aloha Cocktail

Amaretto Aloha Cocktail
The Amaretto Aloha Cocktail sweeps you away to the tropics! A simple beverage to prepare, make a pitcher for your next party!
Amaretto Aloha Cocktail
Way back in what seems now a million moons ago, my husband and I celebrated our honeymoon on an amazing cruise through the Hawaiian Islands. It was a downright magical experience that left us both in awe of our 50th state. We enjoyed so many things about the islands, the lush greenery, the flowers, the warm Pacific breezes…ahhhh I long to go back! What the cruise did for us was help us narrow down which islands we’d love to return back to some day for a longer visit and which ones were nice to see but didn’t have the vibe we were looking for.
I’d highly recommend taking a cruise if you aren’t quite sure which island you’d like to book a vacation on. Visiting on a cruise helps you with the choices. My blogging partner Heather even wrote a post about her 1st cruise experience, check it out HERE!
Now, of course, you eat well on cruise ships, that’s no big secret. What I also personally enjoyed was trying new cocktails while on the ship. There’s nothing like the warm ocean breezes hitting your skin while you are peacefully sitting on the deck enjoying an evening cocktail. One such cocktail that I remember trying had a fancy name I no longer remember. What I do remember was it was part Amaretto and part pineapple juice and it was really tasty. I’m sure it had other ingredients in it but my version is what I’m sharing with you today, an Amaretto Aloha Cocktail which has a taste of the tropics at home.
The flavors in this cocktail combine wonderfully and it is the perfect cocktail that takes me back to my time sailing through the Hawaiian Islands without a care in the world. Go ahead give this one a try, you’ll be feeling the ocean breezes and grabbing a hula skirt in no time!

Amaretto Aloha Cocktail
Prep Time: 2 minutes
Yield: 1 cocktail

Ingredients
  • 1 oz Amaretto
  • 2 oz pineapple juice
  • 2 oz cranberry juice
  • Ice
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Instructions
  • Add ingredients along with ice into cocktail shaker. Shake to blend. Pour into glass and serve immediately.
Notes
To make additional servings double, triple or even quadruple ingredients.



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