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!

BUFFALO RANCH FOOTBALL CHEESE BALL

You’re guaranteed touchdown status at your next game day party with this Buffalo Ranch Football Cheese Ball! This crazy easy appetizer can be made in advance and is portable and DELICIOUS!
You guys have no idea how excited I am to FINALLY be sharing this recipe with you! I’ve been keeping this baller Buffalo Ranch Football a secret for entirely too long and I’m so happy to finally be able to shout it from the rooftops.

TOUCHDOWWWWWNNNNN!

I created this legendary football cheese ball in partnership with Save-A-Lot to show y’all how tailgate party eats can be budget friendly oh-so-affordable.

We’re talking .99 cent hot sauce and .22 cent jalapeños affordable here! They make it easy to save money on all the essentials. My local store even carries Fresh From Florida Produce and supports local farmers too. After comparing my receipt with another store’s prices I basically wanted to high-five the cashier. They even gave my pint-sized shopping buddy a banana to eat while I shopped.

While I know that football season is *supposed* to be more about the actual football and less about edible footballs, let’s not kid ourselves here.


The best part about watching the game is the food!

Buffalo sauce, ranch dressing, and copious amounts of cheese reign supreme when it comes to game day favorites and this crowd-pleasing appetizer rocks ALL THREE.

SCORE!

Ingredients
  • 2 (8 oz) packages cream cheese
  • 2 jalapeños (save 3 TBSP for outside)
  • 1 bell pepper (added all but 3 TBSP to interior)
  • 1/4 cup green onion inside 2-3 TBSP outside
  • 1 cup chopped walnuts (1/4 cup removed)
  • 1/4 cup "Red Hot" hot sauce or Buffalo sauce
  • 1 packet ranch dip seasoning mix
  • 1 (8 oz) package grated cheddar cheese

EXTRAS
  • sour cream for the football laces
  • choose your favorite dippers: crackers, pretzels, chips, carrot sticks, celery sticks

Instructions
  1. Add your cream cheese to a large bowl and set aside.
  2. Remove seeds + stem from peppers and finely dice.
  3. Chop green onion and walnuts.
  4. Remove 3 TBSP of your jalapeño, 3 TBSP bell pepper, 2-3 TBSP of green onion, and about 1/4 cup of walnuts and set aside. This will coat the outside of your cheese ball.
  5. Add the rest of the veggies/nuts to your cream cheese along with the hot sauce, ranch dip seasoning mix, and cheddar cheese. Mix well using a fork or spatula. You could also use an electric hand mixer if you prefer!
  6. Making it spicy? Give the mixture a little taste test on a cracker and add more hot sauce and jalapeño if desired. Try not to eat it all right then and there!
  7. Once ready, scoop out mixture with a rubber spatula and add to a sheet of plastic wrap or parchment paper and form into an oval shape. Flatten the top of the oval, pinching the ends and pressing the sides while shaping it into a football. You'll want to press down on the middle and sort of pinch the sides while you press it into an edible football. I promise it's super duper easy, relive those childhood play dough days and have fun with it!
  8. Place in fridge for 10-15 minutes to set the football. If mixture appears super soft, allow longer chill time.
  9. For the optional (but awesome!) laces: Place a few spoonfuls of sour cream in a quart-sized plastic baggie and press into one corner of the bag. Twist the excess bag to make a faux piping bag and snip the end. Pipe laces by making one long vertical line in along the center of the cheese ball and several short horizontal lines.  This takes only seconds to do and looks SO COOL!
Notes
You can use just one bell pepper (any color) or grab a bag of multicolor peppers.

Those super cute sweet mini peppers work great here!

MAKE AHEAD INSTRUCTIONS:

Make this crazy flavorful buffalo ranch football cheese ball in advance for your game day spread. It requires zero cooking and tastes fantastic the next day. For a crunchy coating, you can chop up your walnuts and peppers and store them seperatley in airtight containers until just before serving, then press them into the football. Store the chopped peppers in the fridge and the chopped walnuts on your counter, easy peasy!  The cheeseball itself can be mixed, formed into a football, and stored in your fridge for up to 4 days.

Recipe Source:peasandcrayons.com

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