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!

Gingerbread Cookie Bars with Cream Cheese Frosting


Chewy and perfectly spiced cookie bars with sweet vanilla frosting and festive sprinkles are easy and delicious!



Aside from classic cookies and our favorite candies and fudge, cookie bars are a must for Christmas parties and get-togethers. They are a great alternative if you need a treat fast or if you are not feeling like making individual gingerbread men or drop cookies.

These Gingerbread Bars are perfectly spices and chewy, thanks to my all-time favorite recipe for Ginger Molasses Cookies. So many of you made them and love them as much as we do so I knew the bars would be as delicious! The cookies are rolled in sugar just before baking but these bars are frosted with tangy and sweet vanilla cream cheese frosting and dressed up with festive Christmas themed sprinkles.







HOW TO MAKE GINGERBREAD COOKIE BARS
Cookie bars are one of the easiest desserts to make. Simply, cream butter and sugar, add egg, vanilla and molasses and mix in well. Add whisked dry ingredients and stir in until the dough is thick and sticky and all flour is incorporated. Spread the mixture in 13″ x 9″ pan, lined with parchment paper. Bake for 18 to 20 minutes. The bars will puff up during baking and deflate while cooling. Next, whip up the cream cheese frosting, spread over cooled bars and dress up the treat with red, white and green sprinkles or mini gingerbread man candy.


MORE GINGERBREAD DESSERTS:

Ginger Molasses Cookies
Gingerbread Pancakes
Gingerbread Fudge from Spend with Pennies
Gingerbread Oreo Truffle Bark from Inside BruCrew Life




Gingerbread Cookie Bars with Cream Cheese Frosting recipe

Course: Dessert
Cuisine: American
Keyword: cookie bars
Servings: 6 people
Calories: 771 kcal

Ingredients
3/4 cup unsalted butter softened to room temperature 12 tablespoons
1 cup granulated sugar
1/4 cup molasses I used Grandma's molasses
1 large egg
2 cups all-purpose flour
1 teaspoon baking soda
3/4 teaspoon ground cinnamon
1/2 teaspoon ground cloves
1/8 teaspoon ground nutmeg
1/2 teaspoon ground ginger
1/2 teaspoon salt
for the frosting:
6 tablespoons cream cheese soft
4 tablespoons unsalted butter soft
1/2 tsp vanilla extract
1.5 cup powdered sugar


Instructions
Preheat oven to 375 degrees F.
Line a 13" x 9" baking pan with parchment paper. Set aside.
In a large mixing bowl, beat butter for 30 seconds with electric mixer. Add sugar and beat for 3 minutes, until light and fluffy.
Add egg and molasses and beat on medium low speed just until combined.
In a medium mixing bowl, whisk together the dry ingredients: flour, baking soda, cinnamon, cloves, nutmeg, ginger and salt. Gradually add to the sugar molasses mixture and beat on low until combined.
Spread cookie dough in prepared pan. Spread evenly.
Bake in preheated oven for 18 to 20 minutes or until the top appears dry. The bars will puff up during baking and deflate while cooling.
Remove from oven and let cool completely before frosting.
To make frosting:
In a medium mixing bowl, beat cream cheese with electric mixer for 30 seconds. Add vanilla and powdered sugar. Mix well. It should be fluffy and thick.
Spread frosting over cooled bars. Dress up with festive sprinkles. Cut into squares and serve.

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