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!

Pumpkin Spice Scones: Low Carb Breakfast Recipe

CourseBreakfast



Ingredients
1 cup pumpkin puree
1/4 cup unsalted butter
2 1/2 cups almond flour
1/3 cup coconut flour
1/3 cup erythritol
1 tablespoon baking powder
1-1/2 teaspoons cinnamon
1 teaspoon ginger
1/2 teaspoon cloves
1/4 teaspoon nutmeg
1/4 teaspoon salt
2 eggs
1 tablespoon heavy cream
1 tablespoon Torani Sugar Free Pumpkin syrup or your favorite sugar free pumpkin syrup
1 tablespoon bourbon

Topping

1 egg white
1/4 cup hulled pumpkin seeds

Instructions


Preheat oven to 325F.
Place a double layer of paper towel on a plate.
Spread the pumpkin on the paper towel.
Top with another double layer of paper towel and press gently to remove as much liquid as possible.
Repeat.
Set pumpkin aside.
Place the butter in a small saucepan.
Melt it and allow to remain on the heat until it is golden brown. Watch carefully!
Remove from heat and let cool.
Mix the almond flour, coco nut flour, erythritol, baking powder, spices, and salt in a large bowl.
Set aside.
Crack the eggs into a smaller bowl and whisk until the yolks and whites are well blended.
Add the cream, pumpkin syrup, bourbon, and pumpkin to the egg mixture.
Whisk to blend.
Pour the egg mixture into the almond flour mixture.
Add the cooled butter.
Stir until the dough comes together in a ball.
Remove from the bowl and pat out into a large circle about 1-inch thick.
Cut the dough into 12 wedges.
Beat the egg white with 1 teaspoon of water.
Brush the egg white lightly over the dough.
Sprinkle the pumpkin seeds on top.
If you like the side a little crispy gently separate the wedges and keep them about 1-inch apart.
Bake for 25 to 30 minutes, or until the scones are firm to the touch.
Remove them from the oven and let cool.

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