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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!

4TH OF JULY CAKE ROLL

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Show off your red white and blue with this festive 4th of July Cake Roll. Your guests will be amazed when you cut into it, revealing the patriotic colors.

The truth is – this year is going to be a little different than years past. Our normal tradition is to go to the balloon festival early in the morning, followed by the parade. Then, that evening, we meet up with my family and watch a fireworks show where we sit so close that we are covered in ashes by the time we leave. (It really is amazing, and the best way to watch a fireworks show!!)
But this year, we’re not even sure if Easton will be well enough to be out in the crowds. Or if he’ll even have the energy. And half of my family will be out of town, so the fireworks show won’t be quite the same.
If you can’t tell, I like tradition. But even though things will be a little different this year, it doesn’t mean that it’s going to be any less fun or less exciting. Because I love the 4th of July, and as long as I’m with my little family, I know we are going to have a great time.

Show off your red white and blue with this festive 4th of July Cake Roll.  Your guests will be amazed when you cut into it, revealing the patriotic colors.

INGREDIENTS
Cake:
  • 1/2 cup vegetable oil, plus more for the pan
  • 1 2/3 cup all-purpose flour, plus more for the pan
  • 1/2 teaspoon baking powder
  • 1/2 teaspoon baking soda
  • 1/2 teaspoon salt
  • 1 1/4 cup granulated sugar
  • 1/2 cup milk
  • 3 large eggs
  • 2 teaspoons pure vanilla extract
  • 1 teaspoon red gel food coloring
  • 1 teaspoon blue gel food coloring
  • powdered sugar, for dusting

Frosting:
  • 1 1/2 cups (3 sticks) unsalted butter, at room temperature
  • pinch of salt
  • 3 cups marshmallow creme
  • 2 teaspoons pure vanilla extract
  • 1 1/2 cups powdered sugar
  • 2-4 tablespoons milk


INSTRUCTIONS
  1. Preheat the oven to 350ºF.  Brush vegetable oil on the bottom on the sides of a half sheet pan (18”x13”)*.  Line with parchment paper, then brush vegetable oil on the parchment paper.  Sprinkle flour over the pan, then tap out the excess, coating the oil with the flour.
  2. Whisk the flour, baking powder, baking soda and salt in a large bowl.  In another bowl, whisk together the 1/2 cup of oil, sugar, milk, eggs and vanilla.  Add the wet ingredients to the dry ingredients and whisk just until the mixture is combined.  Pour half of the batter into another bowl (about 1 1/2 cups of batter).  Add the red food coloring to one bowl and the blue to the other.  Stir just until combined.
  3. Spread the red and blue batter in the pan in alternating stripes, 3 of each color.  (I transferred the batter to ziplock bags and then cut off the tip.  I think this made less of a mess for me, but you can also pour the batter!)  Each stripe will be about 2 inches wide. Don’t worry if they aren’t completely straight.
  4. Bake in the preheated oven until the top springs back when pressed, about 15 minutes.  Let the cake sit for 3 minutes, then loosen the edges  from the pan with a knife, if needed.  Generously dust the top of the cake with powdered sugar, then place a kitchen towel over the top. DO NOT use a terry cloth towel.  Place a cooling rack on top, then invert the cake over onto the towl and rack.  Remove the parchment paper, then roll the cake up with the towel, rolling the long end of the cake.  Let the cake cool completely, at least 1 1/2 hours.
  5. To make the frosting, beat the butter and the salt in a stand mixer until light and creamy, about 1 minute.  Add the marshmallow cream and vanilla and continue to beat for 2-3 minutes longer.  Add in the powdered sugar, then start adding the milk, 1 tablespoon at a time, until you reach a spreadable consistency.
  6. Gently unroll the cake and spread half of the frosting over the entire surface of the cake, all the way to the edges.  Re-roll the cake (without the towel).  Trim the edges.  Using the remaining frosting, frost the outside of the cake.

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