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!

PIZZA WAFFLEWICH {EASY RECIPE KIDS CAN MAKE}

I have entered a phase of life people have been warning me about for years: the time when my teenage boys will begin eating me out of house and home. Technically, I only have one teenager, but two more are turning 13 in a few months, and the volume of food we are going through is startling, to say the least (we’re talking a gallon of milk A DAY, people!). Since I know they’ll always be hungry, I like having some quick snack options on hand for them. Fruit, veggies, yogurt and cheese are always available, and lately I’ve been keeping the fixings for these easy pizza wafflewiches around, too.




Never heard of a wafflewich, you say? No worries, I hadn’t either until I made up the term last week. Basically, you put pizza fixings in between two slices of bread, stick the whole thing in a waffle maker, and two minutes later you have a warm, cheesy wafflewich.




Sure, you could buy frozen pizza rolls instead, but this way’s cheaper and a healthier since you have more control over the ingredients, and can use 100% whole wheat bread, etc. And frankly, it’s just as easy as warming up pizza rolls! We get the pizza sauce that comes in a squeeze bottle, pregrated mozzarella, and mini pepperonis to make the wafflewiches super easy to put together.




If your child can open and close a waffle maker without burning himself (or herself), he can make a pizza wafflewich all on his own! Here’s how:



The amounts don’t really matter so there’s no need to measure. Just don’t go crazy with the sauce and cheese or it will ooze out the sides, making cleanup a bit of a hassle. When you don’t use too much cheese and nothing oozes out, the waffle iron stays almost perfectly clean!



Of course, you don’t have to use pizza toppings. You could just as easy make a grilled ham and cheese wafflewich if that sounds better.

The waffle iron we use was under $15 at Walmart. It just makes two squares at a time, and making it handy for small batches of waffles or quick snacks like this one.



So my kids might still eat me out of house and home, but at least I won’t have to work as hard while they’re doing it




This is absolutely awesome! Never thought of doing that. I got a waffle maker, quesadilla maker, and panini press and I could use all of them to make anything now!  Thanks for sharing!


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