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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!

Guilt-Free Double Chocolate Banana Muffins

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Okay, so it’s no secret that I love chocolate. I mean, I absolutely LOVE that stuff! If I had it my way, I would eat chocolate for every meal! It’s just something about that taste that sends me into another world…a world full of chocolate clouds, chocolate, rainbows, chocolate unicorns… Okay let me stop daydreaming and get back to reality! Lol.

So I guess you understand my deep feelings towards chocolate, which is why I had to find a way to enjoy it on a healthier scale. Don’t get me wrong, I still enjoy those indulgent chocolate dishes on occasion, but in pursuit to achieve my ‘summer body 2018,’ I needed to make a chocolate dish that helped me stay on track but still provided me with that rich, chocolatey taste!

These double chocolate banana muffins did just that! These delicious muffins are made with no added refined sugar, and the very best part is that my 2 year old and 11 month old loved them!! I say this recipe is a winner in my book!

Ingredients
  • 1 cup all-purpose flour
  • ½ cup unsweetened cocoa powder
  • ½ teaspoon baking soda
  • ½ teaspoon baking powder
  • ¼ teaspoon salt
  • 2 medium bananas
  • 1 egg
  • 3 tbsp liquid coconut oil
  • 3 tsp vanilla
  • 3 tablespoons light agave nectar
  • 1/2 cup unsweetened applesauce
  • ½ cup milk chocolate chips


Instructions
  1. Pre-heat oven to 350 degrees. Grease 12 muffin tins with non-stick cooking spray or line with cupcake liners.
  2. In a medium bowl, combine dry ingredients: flour, cocoa, baking soda, baking powder, and salt. Set aside.
  3. In a large bowl, mash bananas with a fork and combine the remaining ingredients: egg, liquid coconut oil, vanilla, agave nectar, and applesauce. Be sure to stir until all wet ingredients are blended well.
  4. Add dry ingredients to wet ingredients and combine. Be careful not to over stir mixture.
  5. Fold in chocolate chips and spoon into muffin tins, about 2/3 full. You can sprinkle a few more chocolate chips on top of each one for even more chocolate goodness, but note that this will slightly increase the calories!
  6. Bake for about 12-15 minutes, or until fork comes out clean.
  7. Transfer to cooling rack and let muffins set for about 5 minutes before eating. Enjoy!


Recipe Notes
Nutrition Information for 1 muffin: Calories 166, Fat 7g, Carbohydrates 26g, Protein 4g, Saturated Fat 5g, Sugars 13g

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