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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!

Red Velvet Gooey Butter Cookies

Today, I have the exciting opportunity to share with you a recipe from my friend, Taste and Tell’s,new cookbook, The Red Velvet Lover’s Cookbook. I was beyond impressed with every recipe in this cookbook. I had such hard time just picking one to share with you.








Red Velvet is such a popular trend during the holidays, especially around Christmas and Valentine’s Day. If you love red velvet, then this cookbook is definitely for you. I was shocked at everything one can make into a red velvet adaption. Deborah provides a brilliance in each and every recipe. The Red Velvet Lover’s Cookbook includes 50 recipes for red velvet creations, with everything from whoopie pies and doughnuts, to hot chocolate, ice cream and even a Baked Alaska.


Of course, with the holidays fast approaching, I wanted to share with you a yummy cookie recipe. I loved that these cookies had cream cheese in them. It was a delicious addition to make these cookies so soft and gooey inside. These cookies would make a tasty and fabulous addition to your cookie exchanges this year!






A moist and soft cookie that is perfect for the holidays! They really are DELICIOUS!

Ingredients2¼ cups flour
2 cups sugar
2 Tablespoons unsweetened cocoa powder
2 teaspoons baking powder
¼ teaspoon salt
8 ounces cream cheese, softened
4 Tablespoons butter, softened
1 egg
1 Tablespoon red liquid food coloring
½ cup powdered sugar

InstructionsIn a medium bowl, combine flour, sugar, cocoa, baking powder and salt and set aside.
In a large bowl, cream the butter and cream cheese together until smooth. Beat in the egg and the food coloring.
Add the dry ingredients to the cream cheese/butter mixture and mix until dough forms.
Cover bowl with saran wrap and let chill for about 2 hours.
When ready to bake, preheat the oven to 350 degrees F.
Place powdered sugar in a small bowl.
Roll dough into 1-inch balls and then roll each ball in powdered sugar. Place on a greased cookie sheet or one lined with parchment paper.
Bake at 350 degrees F for 10-12 minutes and let cookies cool completely on cooling wrack.
Store cookies in air-tight container for up to 3 days.

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