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!

MANGO PIÑA COLADAS {MOCKTAILS OR COCKTAILS}

Cocktail or mocktail? This mango piña colada recipe uses fresh fruit and coconut milk. With just a few ingredients, you can whip this refreshing drink together in no time.
My strawberry piña coladas have been such a hit that I decided we needed more fresh drinks that can be made mocktail or cocktail. I thought, why not create an even more tropical drink with my favorite tropical fruit, the mango? And with that we present the refreshing mango piña colada.

I know you can buy premixed drinks at the store but have you read the ingredients? And some of them are so syrupy sweet they just don’t taste that great. Since I am a huge proponent of making as much of my food and drink from scratch as possible, I hit the produce section for fresh mangoes and pineapple. By the way, if you find working with fresh pineapple a hassle, here is an easy tutorial on how to cut pineapple easily.

There is something so satisfying about making deliciously bad for you treats a little healthier, especially when you use fresh produce to pull it off.  And the colors… I just love the vibrant colors of fresh mango puree and the soft yellow of pineapple.

So grab your blender, fresh produce, a can of coconut milk, and the ice. We’re hitting the beach today – at least in our dreams.

Ingredients
  • 1 medium sized pineapple (5 cups, diced)
  • 1-2 cups mango puree (1 large mango or 2 small)
  • 1 15/16 ounce can coconut milk
  • 2 cups ice
  • 6-8 ounces rum (optional)

Instructions
Mango Puree
  1. Remove peel and seed from mango.
  2. Set aside a few pieces of diced mango for garnish.
  3. Puree the remainder until smooth.
  4. Pour mango puree into another container.
Pina Colada
  1. Put 2 cups ice, diced pineapple, and coconut milk into blender.
  2. Blend until smooth.
  3. Mix in rum if using.
  4. Put spoonful of mango puree in bottom of glass.
  5. Swirl around bottom of glass.
  6. Fill 1/3 of glass with piña colada.
  7. Swirl in another spoonful of mango puree.
  8. Fill glass to 2/3 with piña colada.
  9. Add another spoonful of mango and swirl in.
  10. Add just a bit more piña colada.
  11. Top with diced mango garnish and serve.

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