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!

Cookies and Cream Cheese Ball

If you love sweet cheese ball recipes, this Cookies and Cream Cheese Ball is going to knock your socks off! Whatever that means.

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Okay, let me have a moment of honesty. I love saying that we are Bears football fans….but I honestly can’t tell you the last time I sat down and watched an entire game.

Maybe 1985? I knew every word to the “Superbowl Shuffle.” I knew every player that year, and their numbers.

But, yes, that was 30 years ago and I no longer have a crush on Jim McMahon. I do, however, still know most of the words of the song, and I still proclaim myself as a Bears fan. And I still make sure to scoff at Packer’s fans every year.

As a good loyal football fan (haha) I enjoy making football treats. Remember these Chocolate Oatmeal Cream Pies and these Brownie bites and these Peppermint Patty Footballs?

Don’t even get me started on all the snacks and dips for this time of year!

But, it’s been awhile since I created a new “FOOTBALL” treat and since the Seahawks crushed the Packers (see what I did there, acted like I watched a football game when in truth the men in my house informed me of this detail, excitedly as if I would care), it’s time for a new treat.

It’s no secret I love making cheese balls. Savory? Sure. But it’s the sweet cheese ball that has my heart. I’ve linked up a few of my favorites down below the recipe!
The inspiration for today’s recipe came from a bag of Oreos. It was calling my name. I originally planned on coating a sweet cheese ball with Oreo crumbs, but then I decided last minute to toss those crumbs into the cheese ball instead and make it a Cookies and Cream Cheese Ball. Best decision ever. Adding the mini chocolate chips on top still gave that dark brown color to resemble a football.

There are a few tricks for the Cheese Ball:

First, after creaming the butter with the cream cheese and beating in the powdered sugar, take a big spoonful out of the bowl. No, don’t eat it (yet), put it in a small ziploc bag. This will be your “laces.” When it’s time to lace up, snip off the corner of the bag and pipe on your laces. Perfect!
Second, line a bowl with plastic wrap. Your going to drop your cheese ball into this bowl and wrap it up with the plastic wrap. Then refrigerate for at least one hour.
When you’re ready to serve (and decorate), shape your cheese ball onto a platter. Press your mini chips onto the top and sides. Pipe your laces on and it’s ready to eat. You can serve immediately, or refrigerate until ready to party!
I enjoy Nilla Wafers and pretzels with this cheese ball. However, graham crackers, gingersnaps, and other sweet dippers work great too! Apples? Sure, why not!
So, who are YOU rooting for this Football season? Or do you just show up for the food (like me?)!

INGREDIENTS:
  • 1 package (8oz) cream cheese, softened
  • 1/2 cup unsalted butter, softened
  • 2 cup powdered sugar
  • 2 Tbsp chocolate syrup
  • 18 double stuff Oreos, crushed
  • 1 cup mini semi-sweet chocolate morsels

DIRECTIONS:

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  1. In a large mixing bowl, beat cream cheese and butter for 3 minutes. Add powdered sugar and beat an additional 2 minutes, scraping down the sides of the bowl as necessary. Remove a spoonful (about 2-3 Tbsp) and place in a small ziploc bag. Seal and set aside.
  2. To the bowl of cream cheese, add chocolate syrup and crushed Oreo cookies. Blend completely.
  3. Line a large bowl with plastic wrap. Drop the cream cheese mixture into the plastic wrap lined bowl. Fold up the plastic around the cheese ball. Refrigerate for about an hour.
  4. Remove plastic wrap and shape cheese ball into a football on a serving plate. Press chocolate chips into top and sides until completely covered. Using your reserved baggie of cream cheese mixture, snip off the corner and pipe "laces" onto your cheese ball.
  5. Serve immediately or cover and refrigerate for up to 3 days. Enjoy with pretzels, apples, or Nilla wafers.

Source:www.shugarysweets.com

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