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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!

Strawberry Rosé Sangria

Strawberry Rosé Sangria
Quick and simple sangria made with fresh strawberries, rosé wine, and kicked up with some vodka!
Total Time: 5 minutes

It's officially summer and fruity, refreshing drinks are in full swing!
I think this is my 3rd or 4th sangria recipe and I feel like they are getting better and better each time. Everyone just keep asking me to make more sangria since the first time I made it and so… here you go!
There's just something about summer that screams, “light, refreshing, and fruity” and then in the winter it is the total opposite. I just want to have red wine and dark beer.
Except when I lived in Florida when it is perpetual summer then I can drink just about anything at any time – though I tend to stick to light stuff and stay away from the heavy stuff.
It's nice to have an ebb and flow of seasons here… but, like I've said previously, I won't be able to handle it for the rest of my life. Thank goodness that we will only be here for 2 more years.

Yikes.
Saying that actually scares me a little bit. Time is going by so fast and before I know it I will be having to pack up and move, more than likely, across the country again. I'm excited for the adventure that we are on, I just don't like packing and moving… but then again, who does?
Anyway, back to this gorgeous Strawberry Rosé Sangria.
I made this particular sangria a few weeks back for a little BBQ we were having and it was a hit. But I actually went and bought all the ingredients again to make more tonight for the 4th of July celebration we are having. It's red-ish so it counts!
My mom is still in town and she loves sangria so I know that she will love this recipe and so will you!

Strawberry Rosé Sangria
Quick and simple sangria made with fresh strawberries, rosé wine, and kicked up with some vodka!
Prep: 5 minutes
Total: 5 minutes
Yield: 1 gallon

Ingredients
  • 2 (750 ml) bottles rosé wine
  • 2 cups strawberry vodka
  • 5 cups lemon-lime soda
  • 1/2 cup stevia or sugar
  • 20 strawberries fresh, hulled and sliced
Instructions
  1. In a large pitcher, combine wine, vodka, and 1/2 of the strawberries. Taste for sweetness and add sweetener if necessary, and stir.
  2. Refrigerate for at least 2 hours or up to 6.
  3. Just before serving, add Sprite, the rest of strawberries and gently stir.
  4. Serve over ice with strawberry garnish.


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