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!

Dill Pickle Dip

You NEED to try this Dill Pickle Dip recipe! Forget about french onion dip. This dip appetizer will be a new crowd favorite! This cold creamy dip is full of fresh dill and tangy pickles. Look Out! You may eat the entire bowlful! 

This dip has been haunting my thoughts for weeks. Ever since I made it for a bbq playdate it is all I can think about. Of course, I love me some pickles! So it is not surprising that I would love Dill Pickle Dip. I’m kind of obsessed with it, really.

I was in charge of bringing dips to a barbecue. I brought a piƱa colada dessert dip, chipotle black bean dip, and this glorious Pickle Dip. 


This dip came about due to my daughter’s green thumb. Thank goodness she didn’t inherit my black thumb. If I even look at a plant it withers and dies!

She grew a dill plant that is now taller than her. So I had a lot of dill at my disposal. My plan was to make a plain dill dip. Then somewhere along the way I decided to toss in some pickles too.

This creamy, tangy, dill-y dip is so addictive! Add some salty chips and I dare you not to eat the entire batch!

Seriously. Too. Freaking. Good.

Ingredients
  • 4 ounces Cream Cheese - softened
  • 16 ounces Full Fat Sour Cream
  • 1/4 Cup Finely Chopped Fresh Dill*
  • 1 teaspoon Garlic Powder
  • 1/2 teaspoon Onion Powder
  • Pinch Salt/Pepper to taste
  • 1 Cup Chopped Pickles I love to use Claussen pickles

Instructions
  1. Mix cream cheese and sour cream until combined.
  2. Add all other ingredients and mix together.
  3. This can be served immediately but it gets even better after 1-2 hours of refrigeration.
Recipe Notes
*When I don't have fresh dill available I use the freeze dried dill that can be found in the produce section of the grocery store
This yields approximately 3 cups

Recipe Source:wonkywonderful.com

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