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!

Rice Krispie Treat Pumpkins

These Rice Krispie Treat pumpkins are ADORABLE! But I need to tell you right out of the gate – if you make them, your hands are going to get messy. Very messy. Before I figured out how to roll them properly I had gooey Rice Krispie treat mixture all over everything. Just picture me standing at the counter, trying to roll a ball, except instead of it turning into a ball, it got stuck on my palms and in between all of my fingers. Grrrr! I hate when that happens!

Don’t worry though, I figured out how to get it not to stick, so I promise you, these aren’t that bad if you follow my directions. But I’ll admit, I was getting really frustrated before I figured it out!

So here’s the trick… Every time I rolled one of the little balls, I had to rub both sides of both of my hands with vegetable oil. A LOT of vegetable oil. I filled a small bowl with about 1/4 cup of vegetable oil, and I pretty much dipped my hands in it and rubbed it all over the fronts and backs of my hands like I’d rub in lotion. My hands weren’t dripping or anything, but they were definitely generously coated. And I had to coat my hands in oil after every single pumpkin. So if you plan to make these yourself, just be prepared with a small bowl of oil.

I LOVE holiday treats (haha As if you couldn’t tell by seeing how many treats I post about at this time of year!). I never would have thought of rolling Rice Krispie treats into balls, but I saw the idea over at Cincy Shopper and I knew I had to try them! So many fun possibilities!
Other than the messy hands, they’re really easy to make!

Ingredients
  • ¼ cup butter
  • 1 bag large marshmallows (approximately 40 marshmallows)
  • 6 cups Rice Krispies
  • Red & Yellow Liquid Food Coloring
  • Mini Rolos
  • Green M&M's
  • ¼ cup cooking oil in a small bowl (to keep it from sticking to your hands)


Instructions
  1. In a large pot, melt the butter over low heat.
  2. Add the marshmallows and stir until completely melted and combined with the butter.
  3. Remove from the heat. Add several drops of yellow food colouring, mix it together, then add red food colouring one drop at a time, mixing as you go. Add red/yellow drops until you reach your desired colour. (I used about 4 drops red and 12 drops yellow). Mix well.
  4. Add the Rice Krispies and stir to combine.
  5. Coat both sides of your hands with a generous amount of cooking oil, and roll the Rice Krispie mixture into small balls. Set on parchment paper. Add oil to your hands after each ball.
  6. While the balls are still warm, gently press a Mini Rolo into the top of each pumpkin for the stem and add a green M&M beside it as the leaf. (Tip: If the pumpkins cool before you're finished, use the end of a thick marker or apple corer to make a small indent in the top for the chocolate to sit in.)
  7. Allow to cool until firm.

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