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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!

Flourless Banana Blender Muffins

Flourless Banana Blender Muffins
Flourless Blender Muffins – Gluten free, grain free, oil free, dairy free, vegan, and refined sugar free.
These super addictive flourless blender muffins are nothing like ordinary muffins… They are like balls of soft, unbaked cookie dough, in the shape of a muffin – their fudginess is unreal.
I’ve already made them about 100 times, and my food processor literally has not been put away in over a month. As soon as I go through one batch, I’m immediately back in the kitchen making more!
I am completely obsessed with them!!!
If you try them, you will probably become obsessed with them too.
They are the perfect “anytime” healthy snack – at breakfast, lunch, afternoon tea, dessert, when you’re hungry at midnight or find yourself raiding the fridge at 2 in the morning… Are there any meals I’ve forgotten? If so, these muffins go well with those meals too. And they are portable, meaning you can take them in the car, throw them into a lunchbox, or even pack them on a picnic.

Try one or two instead of cornbread alongside a bowl of Crock Pot Sweet Potato Chili.
If I still haven’t convinced you to drop everything and try out a batch of these muffins right away, they also freeze well! In my mind, that takes their awesomeness to a whole new level because it means I can have an easy and healthy snack even on days I am too busy or too lazy to make something. My freezer is filled to the top with healthy meals and snacks I’ve made in advance for such occasions when I want something filling and healthy without having to wait.
And now I am the girl you see at Trader Joes who is balancing three bunches of bananas and four cans of great northern beans in her arms. (I should really learn to take a basket when I shop at Trader Joes – Somehow I always end up buying more than I came in for…)
The muffins are also great for bringing to a rooftop brunch. I’ve gotten my friends obsessed with them too.
EDIT: It’s not even been 24 hours since I posted the recipe, and already twelve people have made them!
Honestly, you guys make me so happy.
If you make them, be sure to tag ChocolateCoveredKatie on Instagram so I can see your pictures!
Flourless Blender Muffins
Adapted from Flourless Vegan Pumpkin Muffins
Total Time: 20 m
Yield: 8-9 muffins 

Ingredients
  • 1/2 cup quick oats or quinoa flakes, loosely packed (40g)
  • 3/4 tsp baking powder
  • 1/4 tsp salt
  • 1/8 tsp baking soda
  • 1 medium (1/2 cup) mashed over-ripe banana (120g)
  • 1 can white beans (250g without liquid) or 250g cooked beans
  • 1/4 cup peanut butter or allergy-friendly substitution
  • 1/4 cup pure maple syrup or honey (For a sugar-free version, click here)
  • 2 tsp pure vanilla extract
  • optional handful mini chocolate chips, crushed walnuts, shredded coconut, pinch cinnamon, etc.
Instructions
  1. Preheat the oven to 350 F and line 8-9 muffin cups. Drain the beans and rinse extremely well, then pat dry. This is important because it gets rid of any bean taste. Blend all ingredients until smooth in a blender or high-quality food processor. (If using a blender without a tamper, stop occasionally to stir ingredients with a spoon so they will blend evenly.) Pour into the muffin cups – don’t overfill or they will rise and then sink in the centers. Bake 20 minutes. They will look underdone – let sit 20 minutes and they will firm up. (I like to bake for only 16 minutes and then refrigerate overnight, because I like the texture a little underdone even the next day.) As mentioned earlier in the post, these muffins are supposed to be fudgy, not fluffy and flour-y like traditional muffins. Not everyone will be a fan of the texture, but if you like my black bean brownies, then you will probably like these as well! Muffins last for 3-4 days refrigerated or 2-3 weeks frozen.

Weight Watchers SmartPoints: 4



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