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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!

Strawberry Spinach Green Smoothie

Edit
Well, the holidays were fun and worth every calorie but now back to real life. The life where we aren’t living on cheesy dips, cookies after every meal, dessert before dinner, chocolate around every turn and pie for days. This smoothie is a great start to a healthy diet for the new year! It’s the perfect way to pack in some fruits and veggies into your diet and it actually does taste delicious. This isn’t one of those healthy green smoothies that you just have to pinch your nose and choke down. This is one of my favorite green smoothies and I like that it’s not packed with calories. My daughter who normally hates spinach loves this Strawberry Spinach Smoothie so that’s proof they really are good! Healthy eating can be enjoyable.

Be sure to use well ripened bananas because they give the smoothie most of it’s natural sweetness, and use baby spinach instead of regular because it has a milder, sweeter flavor than the more mature spinach. If you haven’t given green smoothies a try this one, it is the perfect basic recipe to start with and it only requires a few ingredients. If you are making it just for yourself then you can definitely half the recipe and if you don’t have a heavy duty blender you may need to add more water and a little less ice. But if you are looking to invest in a good blender I’d highly recommend it, a good blender can make a big difference.

Cheers to a new year! I hope it’s a great year for all of you!

Ingredients
  • 1 1/2 very ripe bananas , peeled, diced and frozen
  • 6 oz fresh strawberries , hulled (about 8 - 9 medium)
  • 2 mandarin oranges , peeled and halved
  • 3 cups packed baby spinach (don't use regular, baby spinach has a milder and sweeter flavor)
  • 1 cup cold water
  • 1 cup ice

Instructions
Add bananas, strawberries, oranges, spinach, water and half of the ice to a blender. Blend until combined then add remaining ice and blend until smoothie is well pureed. Serve immediately.

Recipe Source:cookingclassy.com

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