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!

Roadhouse Rolls and Cinnamon Butter Recipe

Prep Time
3 hours
Cook time
13 mins
Total Time
3 hours 13 mins

Author: Jason Meller
Serves: 12
Ingredients
1 pkg. active dry yeast, 2 ¼ teas.
¼ cup warm water, about 100 degrees
1 cup milk
2 tablespoons butter, softened
1 tablespoon butter, melted
¼ cup + 1 teaspoon sugar
3 ½ -4 ½ cups flour
1 teaspoon salt
1 egg
___Cinnamon Butter Ingredients
1 stick butter, softened
1 teaspoon cinnamon
1 tablespoons honey
2 tablespoons powdered sugar

Instructions

Heat milk to 180 degrees n a pot on the stove or microwave safe bowl or measuring cup in the microwave.
Remove the milk from heat and add the butter. Let cool to 120 degrees.
Dissolve yeast with 1 teaspoon sugar in the warm water.
Let sit for 5 minutes.
In a stand mixer bowl add the yeast, milk, sugar, salt and 1 cup flour.
Combine with whisk or paddle attachment.
Add egg and beat until combined.
Add 2 more cups of flour one at a time scraping down the sides and mixing after each addition.
Change to dough hook and add flour ½ cup at a time on low speed until dough forms and pulls away from the sides.
Knead the dough with the dough hook on medium until the dough is smooth, 3-4 minutes.
Grease a large bowl with oil or cooking spray.
Lightly dust counter with flour and turn dough out. (Be sure to dust your hands as the dough will be sticky.)
Form the dough into a ball and place in greased bowl.
Turn over once to oil both sides of the dough. Cover and place in a warm place at least 1 hour or until doubled in size. I put it in the oven with the inside light left on.
Turn out on to a well-floured surface. Dust a rolling pin with flour and roll out to ½ inch thick. Using a dough scraper or pizza cutter cut out rectangles of dough about 2x3 inches.
Take the rectangles and fold the short edges under, meeting in the middle to make a rounded shape on top.
Place on lightly greased cookie sheet; cover and let sit until doubled, about 15 minutes.
Preheat oven to 350 degrees F. (Make sure to remove the rolls if you are letting them rise in the oven.)
Bake at 350 degrees F until deep golden brown, 11-13 minutes. Remove and brush with melted butter.
Serve warm with cinnamon butter.
Cinnamon Butter Instructions:
Cream together ingredients in medium bowl. Enjoy on warm rolls.





Love rolls but just don’t have the time? Give these super easy Homemade Drop Biscuits a try! You can have these on your table in 20 minutes with just a few ingredients on hand. (No yeast or kneading required!)

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