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!

AN AWESOME 4-MINUTE AIR FRYER SUGAR DOUGHNUT RECIPE

I’ve got an awesome 4-Minute Air Fryer Sugar Doughnut Recipe.  Are you hungry yet?  What about if I tell you that you probably won’t find an easier or faster recipe!  Plus, your family will be super impressed with your skills.  (Just don’t tell them how easy these actually are to make!) 

Even though I’m fairly new to the air fryer life, I’m already a huge fan.  If for none other than saving me $20+ every time we go to the movies.  NOT that I actually take these donuts with us.  But I no longer have to purchase the over-priced ones at the theater anymore!  I just have them at home before we go.  And the kids are also completely satisfied with that compromise as well.
Ingredients
  • 1 Can Large Pillsbury Biscuits
  • 1/2 Cup Sugar
  • 1/2 Tablespoon Cinnamon
  • 5 Tablespoons Butter


Directions
  1. In a medium bowl, mix together the cinnamon and sugar. Set aside.
  2. Open the can of biscuits and cut the center out of each one. (I use a small heart-shaped cookie cutter as my doughnut cutter is too small.)
  3. Place the larger, outside portion in your air fryer.
  4. Run for 4 minutes at 330 degrees.
  5. As the doughnuts are cooking, melt the butter.
  6. Using a silicone pastry brush, coat the doughnuts with melted butter. Then lay in the bowl of cinnamon sugar mixture and use a spoon to coat the top too.
  7. Gently shake off excess cinnamon sugar.
  8. Serve doughnuts hot.
  9. ***When you air fry the “holes”, set your timer for just 2 minutes and top those with the butter and cinnamon/sugar too.
Recipe Adapted From thriftyniftymommy.com

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