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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!

EPIC CHOCOLATE PEANUT BUTTER MILKSHAKES

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These are no ordinary milkshakes—these are Epic Chocolate Peanut Butter Milkshakes! They’re rich and creamy, and topped with an amazing selection of goodies like cookies, candy, whipped cream, and even a cupcake!

This month, I’m partnering with Hershey’s to share some fun, family-friendly recipes using Hershey’s Simply 5 Syrup. If you missed the first installment, STOP what you’re doing and run (or whatever the computer equivalent of that is) to check out the Doughnut Ice Cream Sundaes from a few weeks ago! They are the stuff sugar dreams are made of. I mean, toasted crispy doughnuts and slightly melting ice cream, smothered in chocolate, cherries, and whipped cream… *Homer Simpson drool*

But back to today’s recipe inspiration. Hershey’s Simply 5 Syrup is an update on the classic Hershey’s Syrup we all grew up with. It contains just 5 simple ingredients, and there are lots of things it does NOT contain, like GMO ingredients, high fructose corn syrup, artificial colors, or artificial flavors. Awesome, right? In honor of the simplicity of Hershey’s Simply 5 Syrup, I have another simple recipe for you today, but with a slight SugarHero twist. (Because we can’t let anything be too simple around here, right? Giant Rose Cake, I am looking in your direction.)

I’ve wanted to create a monstrous milkshake recipe for months, ever since I started following Black Tap on Instagram. If you’re not familiar, it’s a restaurant in New York City that serves the most amazing, over-the-top milkshakes. These things are so massive, so whimsical, so exploding with dessert products of every conceivable variety, you’d think they were designed by Willy Wonka himself. I mean, these people put whole caramel apples and slices of pie on top of their milkshakes. In the words of Liz Lemon on 30 Rock, “I want to go to there.”

So, I finally got around to making my own version of a mega milkshake. Mine starts with a rich and creamy chocolate-peanut butter milkshake, with Hershey’s Simply 5 Syrup drizzled inside the glass for a pretty striped appearance. The outside of the glass is coated with a layer of goodies including crushed peanut butter Oreos, mini peanut butter cups, and chopped peanuts. Finally, it’s topped with goodies like whipped cream, more peanut butter cups, more Hershey’s Simply 5 Syrup, cookie pieces, and even a whole chocolate-peanut butter cupcake!

These are no ordinary milkshakes—these are Epic Chocolate Peanut Butter Milkshakes! They’re rich and creamy, and topped with an amazing selection of goodies like cookies, candy, whipped cream, and even a cupcake! These milkshakes are completely over-the-top…in the best way! Because they're so large, they're perfect for sharing, so please don't think you have to finish a whole one yourself. This recipe yields 2 large or 4 smaller milkshakes.

Ingredients
  • 4 cups chocolate ice cream
  • 1 1/4 cups milk
  • 1/4 cup creamy peanut butter
  • Chocolate frosting
  • 8 peanut butter Oreos coarsely chopped
  • Miniature peanut butter cups
  • Hershey's Simply 5 Syrup

Whipped cream
  • Additional toppings: chopped peanuts, pirouette cookies, large peanut butter cups, cupcakes


Instructions 
  1. Combine the chocolate ice cream, milk, and creamy peanut butter in a blender, and blend until smooth.
  2. Spread chocolate frosting on the outside of your milkshake glasses, coming down 2-3 inches from the top. Cover the frosting with a layer of chopped Oreos, miniature peanut butter cups, and chopped peanuts.
  3. Drizzle the Hershey's Simply 5 Syrup down the inside of the glasses in streaks.
  4. Pour the milkshake into the prepared glasses. Top with a thick layer of whipped cream. Skewer the cupcakes through straws, and put them on top of the whipped cream. Finish by decorating the cupcakes with additional goodies like more peanuts, cookies, peanut butter cups, and a final drizzle of Hershey's Simply 5 Syrup. Serve and enjoy immediately.

Source:www.sugarhero.com

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