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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!

Oreo Acorn Balls

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These Oreo Acorn Balls are SO adorable! Peanut butter oreo balls made to look like acorns!!
We’re not squirreling around – it’s another acorn treat!!!

We’re nuts about acorns. Or maybe we’re just nuts for nuts!
I posted a recipe for maple acorn sugar cookies last week. They are dreamy, and SO cute, and worth all the time they require. But my love for acorns couldn’t stop there, so we’re back with another acorn treat!
You probably already know that Ryan loves squirrels.

So much so that he subscribed to Wally the Squirrel’s youtube channel! If you’re confused, Wally is a family’s pet squirrel and they post videos of him on his own youtube channel. Only 11,000 people have subscribed to his youtube channel, but I bet you that all of those people are serious squirrel lovers.

ine
Well this whole time (and I mean in this post and this post) I’ve been making Ryan out to seem like a crazy person who really like squirrels. But you know what? I really like squirrels too so I should stop making fun of him :)

Ingredients:
  • 1 package peanut butter oreos 15.25 oz, pulsed in food processor
  • 1 package regular cream cheese 8 oz, softened
  • chocolate candiquik
  • 1 tbsp crisco, vegetable shortening
  • Brown sprinkles, I used chocolate flakes but brown jimmies work great too!
  • Pretzel sticks, broken into small pieces

Directions:
  1. Allow the cream cheese to come to room temperature.
  2. Put half of the oreos in the food processor and pulse until you have oreo crumbs. Add the other half of the oreos to the food processor and pulse again, until all the oreos are fine crumbs.
  3. Once the cream cheese is soft, mix the oreos and cream cheese together, making sure the mixture is very well blended.
  4. Use the tablespoon to measure the oreo mixture and form it into acorn shapes. I used a little bit more than 1 tbsp for each acorn. To make an acorn shape, form the mixture into an elongated ball, then pinch one end to make it slightly tapered.
  5. Place the acorns on a baking sheet lined with wax paper and place them in the freezer for 1 hour.
  6. After the acorns are hard, begin to melt the chocolate candiquik with the criso in a double broiler. You will need a double broiler to keep the chocolate warm while dipping all of the acorns. I prefer to remove 3-5 acorns from the freezer at a time for dipping. To dip, place 1 acorn in the saucepan with melted chocolate. Use a spoon to spoon chocolate on top of the acorn, if needed. To remove the acorn use a fork to lift it out of the chocolate. To remove excess chocolate from the acorn on the fork, tap your wrist 2 times with your other hand. Scrape the bottom of the fork on the edge of the saucepan to remove more chocolate, then move the acorn to another baking sheet lined with wax paper using a toothpick to help get the acorn off the fork smoothly.
  7. Continue this process until all of the acorns are dipped. Allow them to harden at room temperature.
  8. To add the chocolate sprinkles, dip the top portion of the acorn into the chocolate then dip that portion into a bowl with chocolate sprinkles.
  9. To add the pretzel, dip one end of the pretzel into the chocolate and press it into place.
  10. Return the acorns to the baking sheet to allow the pretzels to set. After they are set, serve and enjoy! Store leftovers in an container in the refrigerator.
Recipe Source:thefirstyearblog.com

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