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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!

The Best Classic Cheeseball

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The best classic cheeseball takes just minutes to make and it’s creamy, smooth, and so delicious. Serve with your choice of crackers and you have a yummy appetizer for any gathering or party.
Serve with your favorite crackers. We love this with Club and Town House crackers. But anything would work. Ritz, Wheat Thins, Triscuits, you name it and it will be delish. 

I used the Club mini crackers which I love because they are so small and easy to dip. Making it an easy appetizer for a Holiday party. Especially if there are kids around, the mini crackers are perfect for little hands. 

Not that I will be having any Holiday parties anytime soon. We just had a baby and I feel like I am losing a battle (and my mind). It’s me against 4 little people. Well, at least until my husband gets home from work.

The best classic cheeseball takes just minutes to make and it's creamy, smooth, and so delicious. Serve with your choice of crackers and you have a yummy appetizer for any gathering or party.

Ingredients
  • 2 packages (8 oz each) cream cheese, softened
  • 3 tablespoons mayonnaise
  • 1/3 cup grated parmesan cheese
  • 1/2 cup shredded cheddar cheese
  • 1/4 cup green onions, finely chopped
  • 1/2 teaspoon worcestershire sauce
  • 1/4 teaspoon garlic powder
  • 1 cup sliced almonds

Instructions
  1. Combine cream cheese and mayonnaise in a bowl and beat with a handheld blender until combined and creamy.
  2. Add in parmesan cheese, cheddar cheese, green onions, worcestershire sauce, and garlic powder. Stir with a wooden spoon until everything is combined.
  3. Lay out a piece of plastic wrap (saran wrap) and dump the sliced almonds in the middle. Using the wooden spoon, try to form the cheeseball mixture into some sort of a ball (inside the bowl you mixed it in). Dump the ball on top of the almonds on the plastic wrap.
  4. Use the plastic wrap to press the almonds into the cheeseball and to form into a better "ball" shape. Put on a plate and let sit in the fridge for 1-2 hours to firm up.
  5. Serve with crackers.
Notes

I used the cheese that you buy pre-shredded. You can also shred your own cheddar and parmesan cheese too.

You can either leave the almonds sliced or chop them up finely. In a food processor or with a knife and cutting board.

For best results and texture, use full-fat cream cheese and use Philadelphia brand. It really is so much better and worth the small extra cost.

Recipe Source:togetherasfamily.com

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