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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!

Perfect Southern Pecan Pralines

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Even if you’ve never been to the South, you have GOT to try this recipe for my Perfect Southern Pecan Pralines! A cross between cookies and candy, this unique, melt-in-your-mouth treat is studded with pecans with a wonderful buttery flavor. Totally irresistible!

I have only been to the South a couple of times, but each time I have gone, I have actively sought out pecan pralines. They are by far one of my FAVORITE desserts in both flavor profile and just as-is.

However, I have only found Southern pecan pralines at the Atlanta airport, of all places. So you bet your booty I bought ALL OF THE PRALINES to take home and share with my California born-and-bred family. However, there was a small issue: I ate all the pralines on the plane.


Oops.


They truly are unlike anything I’ve ever had here in California. A cross between a buttery cookie and a melt-in-your-mouth candy, they’re totally unique and have an amazing butter and brown sugar flavor. Inside there are pockets of crunchy, salty pecans for an amazing toasted, nutty flavor.

And if you’re like me, you’ll instantly fall in LOVE with these delicious creations!

Pralines can be finicky little devils, but I think I have mastered this into an easy, nearly foolproof recipe. Some of the issues people have is that the pralines never set up, or they spread too much. But I have tips that will ensure your pralines come out perfectly round and utterly amazing each and every time with my tested recipe!

These Perfect Southern Pecan Pralines are a unique cross between cookies and candy! Flavored with butter, sugar, vanilla and toasted pecans, they're a melt-in-your-mouth candy you HAVE to try.

Ingredients
  • 1 & ½ cups pecan halves or chopped pecans
  • 1 & ½ cups granulated white sugar
  • ¾ cup brown sugar
  • ¼ cup + 2 Tbsp unsalted butter, cubed
  • ½ cup evaporated milk (NOT sweetened condensed milk)
  • 1 tsp vanilla extract
  • ½ tsp kosher salt

Instructions
  1. Line 2 cupcake tins with about 16-20 paper liners. Set aside briefly.
  2. In a large, heavy bottomed saucepan, combine the pecan halves, sugars, butter, evaporated milk, vanilla extract, and salt and bring to a boil over medium heat. Stick in a candy thermometer and stir constantly while boiling until temperature reaches 235° to 240° degrees F, about 10 minutes. Remove the pan from the heat and working quickly and CAREFULLY, beat the mixture vigorously with a wooden spoon until mixture thickens and almost turns cloudy and opaque in color, about 2-5 minutes.
  3. Working fast, use a spoon or cookie dough scoop to portion the hot candy into each muffin tin, covering the bottom of the muffin cup. You should get about 16-20 candies, depending on how much you fill each cupcake tin. Cool the candy COMPLETELY. Candy is ready once it's reached room temperature and is firm and solid. Peel away cupcake liners before serving.
Recipe Source:thedomesticrebel.com

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