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!

M&M’S CHRISTMAS COOKIE BARS


I’m super excited to share these delicious M&M’S Christmas Cookie Bars! The recipe is really, really good and perfect for holiday baking. These are easy to make and packed with chocolate, yum!


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The texture of the M&M’S with the mini chocolate chips and white chocolate chips is so good. Perfect for a party or holiday gift giving. These make a big 9×13 pan of rich and delicious M&M cookie bars. Depending on how you cut them, they can make 18 bars all the way up to 36 bars.









I initially planned on just baking these with mini chocolate chips and Christmas M&M’S, but after I transferred the cookie dough to the pan, I thought a pop of white chocolate chips would make it look even more festive.









So when I pressed the additional M&M’S and mini chocolate chips onto the top of the cookie dough bars, a trick I always use when making chocolate chip cookies or M&M’s cookies, I added some white chocolate chips too.






These baked up perfectly!








These cookie bars are getting me so excited for Christmas!









M&M'S Christmas Cookie Bars


Servings: 18 -36 depending on size cut


Ingredients
2 sticks of butter at room temperature
1 cup of granulated sugar
1 cup of firmly packed golden brown sugar
3 large eggs
1 1/2 teaspoons of pure vanilla extract
3 cups of all-purpose flour
3/4 teaspoon of baking soda
3/4 teaspoon of salt
1 1/2 cups of Christmas M&M's plus more for topping
1 cup of mini chocolate chips plus more for topping
1/2 cup of white chocolate chips


Instructions

Preheat oven to 350 degrees.
Line a 9x13 baking dish with foil, leave some overhang to make removal easier.
Spray foil generously with nonstick cooking spray.
In the bowl of a stand mixer, beat butter, granulated sugar, and brown sugar together until fluffy.
Add in eggs and vanilla extract and continue to beat.
Lower speed of mixer and add flour, baking soda and salt and mix until combined.
Add M&M's and mini chocolate chips and give a final stir, reserving some M&M's, mini chocolate chips and white chocolate chips for topping cookie bars.
Transfer cookie dough to prepared baking dish.
Press additional M&M'S, mini chocolate chips and white chocolate chips into top of cookie dough.
Bake 35 to 40 minutes on oven rack in lower third of oven to prevent over browning.
Let cool completely and cut.

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