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!

SOFT BATCH CHRISTMAS SPRINKLE COOKIES

Soft Batch Christmas Sprinkle Cookies are a super easy holiday sugar cookie – no rolling the dough required! Packed with red and green sprinkles, perfect for the holidays! These sprinkle sugar cookies are the best, easiest, Christmas cookies around!




*This recipe was originally published on December 13th, 2016 and has been updated with new photos AND a video*

You guys. It’s Christmas cookie season! My favorite season of all. Ever.

It doesn’t matter what other desserts are on display at Christmas time, I go for anything with sprinkles on it first.

Know what makes Christmas cookie season even better for me? When I can have the softest, most buttery-delicious, cookies ever, and not have to roll out a big heap of dough!




Um, it’s the holidays and I’m busy, and I might WANT to do that (I really don’t) but I don’t have time. I’m going to guess you don’t either.

If you’re like me, these are the cookies for you. Step away from the rolling pin – ya don’t need it!

This is a fairly basic sugar cookie dough, with a couple of additions to, ya know, make them even better.

The addition of cornstarch keeps these guys nice and thick and puffy.

THEN, the cream cheese keeps them super soft, and makes them taste extra buttery!

These sprinkle cookies whip up in about ten minutes, and then into the fridge for a good two hours – yes, chilling is mandatory for these guys.




After they come out of the fridge, you’ll roll the dough into balls, then roll them in a bowl of sprinkles. Don’t mix your sprinkles into the dough – if you do it will most likely turn an unsavory shade of brown…..nobody wants that.


Enjoy!


Soft Batch Christmas Sprinkle Cookies are a super easy holiday sugar cookie - no rolling the dough required! Packed with red and green sprinkles, perfect for the holidays! These sprinkle sugar cookies are the best, easiest, Christmas cookies around!

Ingredients
1 Stick butter softened
1/4 Cup cream cheese softened
1 1/2 Cups granulated sugar
2 Large eggs
1 Teaspoon vanilla extract
1 Teaspoon almond extract
2 1/2 Cups all purpose flour
2 Teaspoons corn starch
1 Teaspoon baking soda
1/4 Teaspoon salt
1 Cup sprinkles nonpareils

Instructions
In bowl of stand mixer fitted with paddle attachment, or a large bowl using hand mixer, cream together the butter, cream cheese, sugar, eggs, and extracts until light and fluffy. About 5 minutes.
Scrape down the sides of the bowl with a spatula. Add the flour, corn starch, baking soda, and salt. Mix together on low/medium speed for one minute, until combined.
Refrigerate dough for two hours before baking.
When dough is done chilling, preheat oven to 350 degrees. Line two baking sheets with parchment paper, or spray with non-stick cooking spray.
Pour the sprinkles into a medium bowl, and roll tablespoon sized balls of dough into the sprinkles.
Place the cookies onto prepared baking sheet, spacing 2 inches apart.


Bake for 9-12 minutes. These should not turn golden brown, and will still look wet when they come out of the oven.
Allow cookies to cool on baking sheet for 3-5 minutes before moving to a wire rack to cool completely.
Recipe Notes

NOTE: Prep time listed includes two hours for the dough to chill.


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