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!

Copycat Starbucks Keto Pink Drink

Have you heard about the F A M O U S K E T O pink drink at Starbucks? Have you had one and thought to yourself "oh my lanta, where have you been my whole life?" Yeah, that happened to me too. It was love at first sip, I tell ya. 

(*disclaimer: this is NOT the "pink drink" on the Starbucks menu. This drink has been dubbed the "keto pink drink" on Instagram. It's NOT on the menu so if you go into Starbuck's and order a "keto pink drink" they'll have no clue what you're talking about. Baristas- please take no offense! We know you get some whackadoodle orders occasionally!)

Then reality sat in. I paid over $4 for a glass of iced tea. What?! It didn't taste so great after that.

If you haven't figured it out by now, I like to save money! I love coffee shops for the ambiance but I cringe when I see the costs and know what it really costs to make those drinks. Some (my mother) say I'm too practical but I'd rather spend my money on fun stuff like vacations, manicures, and date nights! When you go through the Starbucks drive-thru on the way to work, you're paying (literally and figuratively) for the convenience.

Well, I'm here to tell you that you can make an ENTIRE PITCHER of your favorite KETO pink drink at home for the same cost as 1 Venti KETO Pink Drink at Starbucks. Another thing I'd like to mention is that by making this at home, you can control your carbs much more easily!

(If you do order this at a Starbie's, ask for the heavy cream on the side so you can control the amount/carbs. A "splash" means different things to different baristas.)

If you've never had a keto pink drink, let me enlighten you! It is iced Passion Tea with a splash of heavy cream and a few pumps of sugar free vanilla syrup. 

Seems pretty basic, right? Wrong. It's magic in a cup. Rainbows will literally flow out of your ears. 

Since this "recipe" isn't really a recipe at all, I'm just going to walk you through the steps with pictures. You don't need a recipe card for this one! 

No. 1: The Ingredients With the exception of water, these are the only 3 ingredients you need. Make sure you buy the box of passion tea bags and not the concentrated passion tea at the grocery store. The concentrated stuff has sugar in it!

No. 2: The Directions Brew the tea according to the directions on the package. It's approximately 1L of water boiled, steep the tea bag for 5 minutes, and pour over 1L of cold water. Isn't this the prettiest, girliest drink you've ever seen?!

No. 3: The Mix-Ins This is where you can doctor it up as much or as little as you want. I like to add 1 tablespoon of heavy cream and 2 T of Sugar Free Vanilla Syrup. I recently experimented with adding a tiny splash of Sugar Free Raspberry Syrup and it took it over the moon, if that was even possible. 

You can either throw everything in a mason jar, screw the lid on tight, and shake the fury out of it OR you can stick everything in a blender and give it a good swirl. The goal is to really emulsify the heavy cream in the cold tea. It will want to separate (even as you drink it). I'm too lazy to wash my blender bowl so I just get a good arm workout in and use a mason jar. Plus, it doubles as my glass. Woot!

Macros for this will vary based on how much heavy cream you use, what brand of syrup you use, and how much syrup you use. The tea itself doesn't have any carbs. If you're dairy free, you can always use almond milk in place of the heavy cream and it will be just as good! Or, if it's a super hot summer day and the thought of cream makes you want to gag, skip it and just add the syrup! Better yet, turn it into a frappé! Shoot, with the amount you'll save by making this home, have one of each! 

Please note that macros were calculated using My Fitness Pal and the brands referenced above. Altering ingredients or brands can change the macros for the recipe. Please verify your macros in a tracker to insure accuracy.

All text and images Copyright Anna Hunley for Keto In Pearls. Shares are encouraged and appreciated. Please share this recipe by sharing a link, not a screenshot.

Copy/pasting full recipe text to websites or social media is prohibited. You may share an excerpt and/or single photo, provided that full and clear credit is given to Keto In Pearls with a link back.


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