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!

Toll House Brownies

Toll House Brownies are awesome. Really. These cookies start with that famous Toll House Chocolate Chip Cookie flavor but made in brownie form. Then I drizzle a chocolate/vanilla glaze over top. Yes, please! These jewels are a chocolate lover’s delight and certainly addictive. But if you’re looking for a marvelous way to get your chocolate fix, then these brownies need to be on your “to make” list, pronto. 🙂

Years ago, John worked for the Baptist Convention of New England as the Business Administrator. We went up in early January 1990 and stayed almost seven years in the Northborough/Worcester area. Since we came from sunny Florida, the weather was a dramatic change. Call me crazy, but I loved shoveling snow and my kids enjoyed building igloos and playing ice hockey (sort of) on our ice-covered lawn.
We traveled all over New England while we were there. We climbed several mountains in New Hampshire (Monadnock and Cardigan) and Vermont. We tent-camped by streams in Mohawk Trail State Forest in Western Massachusetts. We cooked food over an open fire and enjoyed our share of S’Mores. We visited lighthouses in Cape Elizabeth, Acadia and across southern Maine. We drove across beautiful regions inNew Hampshire like Conway, and on up through the Green Mountains of Vermont. We hiked, fished, swam (yes, in that cold, cold water), and overall loved our New England experience.

These rich, delectable brownies are filled with miniature chocolate chips and pecan chips. Then they're drizzled with a luscious chocolate glaze. They're terrific for tailgating and holiday parties, potlucks, baby showers and backyard barbecues.

INGREDIENTS
BROWNIES:
2 sticks unsalted butter (1 cup)
  • 3/4 cup white sugar
  • 3/4 cup brown sugar packed
  • 1 tsp.  vanilla extract
  • 2 large eggs
  • 2 1/4 cups UNBLEACHED all-purpose flour (bleached flour toughens baked goods)
  • 1 tsp. baking soda
  • 1/2 tsp. sea salt
  • 12 oz. pkg. miniature semi-sweet chocolate chips
  • 1 cup pecan chips (finely diced pecans)

CHOCOLATE GLAZE:
  • 1/2 cup semi-sweet chocolate chips
  • 1/2 cup white vanilla chips

INSTRUCTIONS
BROWNIES:
  1. Cream butter, sugars, extract, eggs, baking soda and salt with an electric mixer until smooth.
  2. Add flour, chocolate chips and pecans and stir until thoroughly combined.
  3. Spread into a greased 9x13” glass baking dish.
  4. Pat down and smooth top.
  5. Bake at 350 approximately 30-40 minutes or until a toothpick inserted in center comes out clean.
  6. Cool completely before adding chocolate glaze.
CHOCOLATE GLAZE:
  1. Place chips in a microwaveable glass measuring cup and heat on high heat about 30 seconds.
  2. Stir.
  3. Continue microwaving over 100% power in 15-second intervals and stirring after each interval.
  4. You may need a total of about 1 ½ minutes for the chips to melt down sufficiently.
  5. Scoop icing into a plastic bag.
  6. Cut off tip and squeeze icing over top of cooled brownies.

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