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!

Drunk Pecan Pie Bread Pudding

Drunk Pecan Pie Bread Pudding
By Gina Davis @GMarie65
Ok, I went rogue on this recipe who follows rules right? Didn't even look for a recipe I just went with what I know!! I know there are pecan pie bread pudding recipes out there, but this one with the rum is just over the top ahhhh-mazing! Rich buttery taste and warm rum flavor (I also tried it with bourbon and it was just as good!). If you want a new take on an old fave, give this on a try :) Happy Cooking!

Blue Ribbon Recipe
Rich, decadent, and boozy, this bread pudding recipe is very flavorful. It's layers of rich, delicious bread pudding and is full of pecans. The rum sauce makes the pudding sweeter and richer. This is easy to throw together. Don't let the rum scare you. The flavor is there, but it's not overbearing. We served it with some freshly whipped cream... so good!

Note: When the rum sauce cools, it forms a sugary layer. Save a little sauce to heat up and serve on each plate.  The Test Kitchen

Serves: 6-8
Prep: 20 Min
Cook: 1 Hr
Method: Bake

Ingredients
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  • 6 large eggs beaten
  • 1 c light Karo syrup
  • 1 c heavy cream
  • 1/2 c butter, melted
  • 2 tsp vanilla extract
  • 1 c sugar
  • 1/4 c dark rum or bourbon
  • 8 c cubed bread (use a hearty or heavy bread) does not have to be stale or toasted
  • 1 c chopped or halved pecans divided
RUM SAUCE
  • 1 stick butter
  • 1 c sugar
  • 1/4 c dark rum or bourbon
  • 1/4 c water (if you want a heavy rum or bourbon flavor omit water and use liquor in its place
How to Make Drunk Pecan Pie Bread Pudding

Step-by-Step 
I mix mine in the mornings, let sit until I finish dinner and pop it in the oven before we sit down to eat :)
In a large mixing bowl add eggs and slightly beat.
Add everything but the bread and pecans. Mix well until it is combined really good.
Fold in bread and half the pecans.
Let sit at room temperature for 1 hour mixing every so often to coat bread well. Cover and refrigerate until you are ready to bake. This recipe is best if left to sit for 6-8 hours or overnight. It gives the bread plenty of time to soak everything up!
Preheat oven to 350 degrees. Prepare a 9x13 baking dish with butter or cooking spray. (I use a little smaller size because I like a thicker bread pudding.) Use whatever size you want :)
Pour everything into your prepared baking dish.
Top with remaining pecans.
Pop in the oven and bake for 60 minutes.
RUM SAUCE: While bread pudding is baking, in a saucepan melt stick of butter.
Add sugar, dark rum or bourbon, and water. Mix well and simmer for 10 minutes stirring occasionally. Turn stove eye off and let sit to keep warm until bread pudding is finished.
Remove from oven.
While still hot, pour half the rum sauce over the top. Letting it get down between the pudding and sides of baking dish.
Let sit for 15 minutes and pour more sauce over it. You judge how much of the sauce you want - some or all it is up to you. I use it all, lol.
Enjoy! I like mine warm with vanilla ice cream and hubby eats his with fresh whipped topping.
Printable Recipe Card
About Drunk Pecan Pie Bread Pudding
Course/Dish: Cakes
Main Ingredient: Bread
Regional Style: Southern
Other Tag: For Kids
Hashtags: #eggs, #nuts, #rum, #bourbon, #pecan pie, #Dessert, #pie, #bread, #cake, #pudding




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