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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!

Easy Rudolph the Reindeer Cookies Recipe



Easy Rudolph the Reindeer Cookies Recipe – easy, fun and adorable! Get kids involved this holiday season and make Rudolph the Reindeer cookies! Check out our video to see how!



It doesn’t matter how old you are, you can never resist adorable Christmas character cookies made by kids. Rudolph the Red Nose Reindeer is beloved by kids everywhere. They will also love these cookies and have a ton of fun creating Rudolph out of pretzels, chocolate and M&M’s.

If you ask our kids, what are holidays about, they will say present, sure. All kids will. But they will also say it’s about family. We love to involve the whole family in Christmas preparations and making cookies is definitely a part of it. It’s also their favorite part! They want to help with every step, from making the dough, decorating the cookies, packing them in pretty containers and delivering to family and friends.

This year, our daughter Audrey wanted to make a video to show kids just how easy it is to make adorable Rudolph cookies. We used our family favorite peanut butter cookies (it requires only three ingredients!) and a few simple and fun ingredients. Check it out and if you like it, give it thumbs up!


We used our family favorite peanut butter cookies (it requires only three ingredients!) and a few simple and fun ingredients. You can use any cookie recipe or store bought cookies you like! Have fun!

Easy Rudolph the Reindeer Cookies Recipe - easy, fun and adorable! Get kids involved this holiday season and make Rudolph the Reindeer cookies!

Course: cookies
Servings: 15



Ingredients
1 cup creamy peanut butter
1 cup granulated sugar
1 large egg
pretzels
mini chocolate chips
M red &M's
melted chocolate



Instructions :


Make the cookies:
Preheat the oven to 350 degrees F.
Line a large cookie sheet with parchment paper or silicone baking mat. Set aside.
Place all ingredients in a large mixing bowl and mix with an electric mixer for 2 minutes.
Scoop the dough with a medium size cookie scoop (1 and 1/2 Tablespoon size), roll in your hands into balls and place on prepared cookie sheet. Space them about 2" apart.
Bake cookies for 10 to 12 minutes.
Let cool on the sheet for 5 minutes, then transfer onto a cooling rack. Cool completely before decorating.
To make Rudolph cookies:
Dip pretzels in melted chocolate and place on cookies to make antlers. Press gently and hold until the pretzels stick to the cookie.
Use melted chocolate to apply mini chocolate chip as eyes and red M&M's as the nose.


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