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!

NUTTER BUTTER PENGUIN COOKIES

Learn how to make quick and easy Nutter Butter penguin cookies, using this step by step tutorial. Fun edible craft for kids for Christmas and Winter time!

*Thank you Nutter Butter for sponsoring today’s post so that I can make these Nutter Butter penguin cookies. As always, all opinions are mine.*

My little one has been fighting a cold for a few days. To take his mind off his runny nose, we decided to get crafty in the kitchen and transformed Nutter Butter cookies into these adorable and easy penguin cookies sledding down a sugary snow trail.




These little cookies would be a fun dessert/snack to make for Christmas parties or maybe you can make them for a Winter wonderland themed birthday party.

By the way, these are not penguin shaped cookies because you don’t even need a penguin cookie cutter.




I used Nutter Butter cookies because they had the perfect ski shape and a variety of other candies. Everything was “glued” together with melted chocolate, making these cookies entirely edible.

I have also seen another version- Oreo penguin cookies- and they use Oreos instead of Nutter Butters and they are just as easy too.



SUPPLIES FOR EASY PENGUIN COOKIES:

Nutter Butter cookies
Mini candy canes
Square shaped chewing gums
Tootsie Rolls
Eyeball candies
White candy melts
Candy corns
Sweet & Sour Candy strips
Mini heart sprinkles
White edible pearls
Corn syrup or melted chocolate
Knife
Scissors
Paintbrush

HOW TO MAKE PENGUIN COOKIES?
Use a knife to cut the sides of a Nutter Butter cookie so that it’s straight and not curved any more.
Paint some corn syrup along the sides of the cookie and stick the candy canes here. Press gently until the candy canes stick securely.
Use corn syrup to stick two square shaped chewing gums side-by-side on top of the cookie. Your Nutter Butter sled is ready…Keep this whole structure aside for now.
Now, unwrap a tootsie roll and heat it for 10 seconds in the microwave so that it becomes soft and pliable.
Roll the Tootsie roll into an oval shape and start pressing it on top of a Nutter Butter cookie.
Use your fingers to smooth out the ends.
Use corn syrup to stick the eyes near the top half of the cookie and a white candy melt near the bottom portion of the cookie.
Use corn syrup to stick the eyes near the top half of the cookie and a white candy melt near the bottom portion of the cookie.
Stick the orange beak below the eyes.
Cut out a long, thin piece of candy strip.
Wrap the candy strip around the penguin’s neck.
Stick two heart sprinkles and a white edible pearl in the shape of a bow, on the penguin’s head.
Now, stick the penguin piece on top of the sled piece with some corn syrup or melted chocolate. Hold the pieces together for about a minute so that they stick securely and you are done making your Nutter butter penguin cookies!



Until next time, tata my lovelies!

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