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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!

NUTELLA AND BANANA BREAD MUFFINS

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Confession: I cannot have jars of Nutella in my house. It’s a problem. I just like it too much! So, when the company sent me a couple jars, I knew I had to use them right away. I have another recipe coming up in a couple weeks, but I had to use this other jar immediately. I decided to try making Nutella and banana bread muffins. I’d seen a similar recipe online and they just looked so delicious. I also made these pumpkin Nutella bars a couple years ago, and they were a major hit at work. There’s just some so perfect mixing breads (like pumpkin and banana) with Nutella. The fruit and chocolate hazelnut just work so well together.
These Nutella and banana bread muffins are super easy to make. Even if you’re not much of a baker, I promise you can make this recipe. There are no complicated steps or equipment needed to make these.
The second batch, I spent more time making sure the Nutella and the batter were well swirled, which created some really beautiful muffins. I decided to share this version with you all because, well, they just looked prettier. They all tasted great, and the ones with the banana slices were definitely a little more banana-y, if that’s your thing.
No matter which version you make, you’ve gotta try these Nutella and banana bread muffins. They are so delicious – I promise your family will love them.
Ingredients:
  • 2 cups flour
  • 1 cup old fashioned oats
  • ¼ cup white sugar
  • ½ cup brown sugar
  • 2 teaspoons baking powder
  • 1 teaspoon baking soda
  • ½ teaspoon salt
  • 1 egg
  • ½ cup milk
  • ¼ cup vegetable oil
  • 1 teaspoon vanilla extract
  • 2 bananas, mashed
  • Nutella

Directions:

  1. Preheat oven to 375 degrees F. In a medium bowl, combine flour, oats, white sugar, brown sugar, baking powder, baking soda and salt. Stir until ingredients are well combined.
  2. In a large bowl, beat egg. Add milk, oil, vanilla and mashed bananas. Sir to mix ingredients until well combined. Add flour mixture to the banana mixture and stir until ingredients are incorporated, do no over stir.
  3. Line a 12 muffin pan with 12 muffin tins or spray muffin tin generously with cooking spray. Divide batter evenly among the 12 muffin tins.
  4. Add a teaspoon of Nutella to the top of each muffin and gently cut Nutella into batter with a knife or toothpick to produce pretty swirls. I also added a small amount of batter on top of the Nutella to make the swirling process easier.
  5. Bake at 375 degrees for 15-18 minutes or until golden brown and a tooth pick inserted in the middle comes out clean.
  6. Enjoy warm or stored in an airtight container for up to a week.
Recipe Source:poshinprogress.com

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