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!

WHITE CHOCOLATE PEPPERMINT COOKIES


Quick and easy white chocolate peppermint cookies recipe, made from scratch with simple ingredients. Crispy and crackly on the outside, chewy on the inside.

I made these white chocolate peppermint cookies last Christmas and everyone said they want me to make it every year. They are rich and buttery and have these beautiful crispy and crackly tops with chewy centers, very similar to my Crackly Sugar Cookies.


This time of the year is all about indulging in desserts like this Peppermint White Chocolate Mocha or these Peppermint Patty Stuffed Cookies that put you in the holiday spirit.


ALSO KNOWN AS PEPPERMINT SUGAR COOKIES!

They are also wonderful for holiday cookie exchanges.

DARK CHOCOLATE PEPPERMINT COOKIES

Rather than white chocolate, dip each cookie in melted dark chocolate.
PEPPERMINT CHOCOLATE CHIP COOKIES

Stir in 1 cup white chocolate chips or milk chocolate chips in the dough. You can also stir in dark chocolate chips or chunks.
OREO PEPPERMINT COOKIES

Stir in 1 cup roughly chopped Oreos in the cookie dough.
THESE CHRISTMAS PEPPERMINT COOKIES GET THEIR FLAVOR FROM:

Extract
Candy canes



TIPS FOR WHITE CHOCOLATE PEPPERMINT COOKIES RECIPE
Do not replace baking soda with baking powder because that helps create the crackly appearance.
Don’t omit cream of tartar in this recipe because you need that to create the crackly effect on these cookies.
Do not replace egg yolks with whole eggs because that would make the dough very sticky.
All ingredients must be at room temperature so that they blend together smoothly.
There is no need to chill the dough before baking.
Do not over-bake these cookies or else the edges of these cookies will become dark brown and hideous.
Make sure to let the cookies cool down completely before decorating them because if not, chocolate will start melting and become messy.


VARIATIONS OF SIMPLE CANDY CANE PEPPERMINT COOKIES
Make cookie sandwiches, using my Best Cream Cheese Frosting as a filling.
Randomly drizzle white chocolate on top of the cookies.
Frost the top of the cookies with American Buttercream Frosting and sprinkle some crushed candy canes.
Drizzle a simple sugar glaze on top of each cookie.




Quick and easy white chocolate peppermint cookies recipe, made from scratch with simple ingredients. Crispy and crackly on the outside, chewy on the inside.


INGREDIENTS

1 cupButterUnsalted, Room temperature
1¼ cupsGranulated sugar
3 Egg yolks Large
1 tsp Peppermint extract
Pink gel coloring
2½ cups All-purpose flour
1 tsp Baking soda
½ tsp Cream of tartar
1 cup Granulated sugar For rolling cookie dough balls
1 cup White chocolate Melted
1/2 cup Candy canes Crushed

INSTRUCTIONS

In a mixing bowl, cream together butter and sugar until light and fluffy.
Add egg yolks, peppermint extract and pink gel coloring and mix until smooth.
In a separate bowl, whisk together the flour, baking soda and cream of tartar.
Dump this dry mixture into the wet mixture and mix until just combined.
Scoop out small portions of the dough and make little balls. Roll them in granulated sugar and place on a cookie tray, lined with parchment paper.
Bake at 350 degrees for about 15 minutes or until the edges are firm.
Allow the cookies to cool down completely.
Then, dip each cookie in melted white chocolate and place on a cookie tray, lined with wax paper.


Toss some crushed candy canes on top of each cookie and let the chocolate set (takes about 15 minutes). Enjoy!

RECIPE NOTES
Read all my tips above.
Store leftovers in a cookie jar at room temperature for up to 3 days.

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