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!

EASY + DELICIOUS AMERICAN FLAG FRUIT PIZZA

In today’s post: This American flag fruit pizza is an easy, delicious recipe for the 4th of July!

We used to have neighbors who would coordinate a big get together on July 4th – everyone was invited to bring their own meat to grill for dinner plus sides or desserts to share, then we’d all chip in for a great big fireworks pack and sit together on the lawn to watch the show. It was so much fun! We’ve since moved to a new neighborhood and every summer I think we should be the ones to start up the tradition…but I never get around to it. Maybe this year I will! And if I do, I’ll be making this American Flag fruit pizza to share:





This is one of those desserts that looks pretty fancy, but is actually really easy to make!





The base, or “pizza crust”, is a great big sugar cookie made from refrigerated cookie dough (easy!). The creamy filling is a super simple no bake cheesecake mousse (yum!) and then the flag is created with fresh blueberries and raspberries.



I spread a little less than half of the cheesecake mousse on the cookie crust, then added the fruit. After that, I piped on the rest of the cheesecake mousse using a large star tip. I wasn’t sure if it would be hard to make it look cute since I don’t do a lot of cake or cookie decorating, but it was super easy! I found a Wilton cupcake decorating kit at Walmart for $4 and used the star tip that came with it. You can see how I did this in the video below the recipe card.



If you don’t want to mess with piping, you could just spread all the mousse on the crust before topping with the fruit.


FLAG FRUIT PIZZA RECIPE



HOW TO MAKE FLAG FRUIT PIZZA

I used a 12 inch pizza pan from the dollar store, and found it was easiest to press the dough into it if I cut the dough into 1/4 inch slices first, then laid the slices out over the pan.



NOTE: If you’d like to have a cookie star to place on top of the blueberries, make sure to reserve one slice and cook it separately (I just stuck it in the oven on a piece of aluminum foil next to the pizza pan – it cooked a few minutes faster than the cookie crust). I used a star cookie cutter on it AFTER it was cooked to cut out the shape.

After you bake the cookie, allow it to cool completely. This will take about an hour if you put it into the fridge. Then you can mix up the cheesecake mousse and spread a little less than half of it onto the cookie crust. Then it’s time to top it with berries!



And pipe on the rest of the cheesecake mousse.



Be sure to keep the flag fruit pizza in the fridge until you’re ready to serve. I kept it in my fridge uncovered because I couldn’t figure out how to cover it without smooshing the piped cream. It looked and tasted great the next day as well, but I wouldn’t keep it much longer than that because raspberries have a pretty short shelf life.



Happy Fourth of July!



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