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!


Bacon, Egg and Cheese Monkey Bread combines all your breakfast favorites in one delicious pull-apart bread recipe! Perfect for breakfast or an easy weeknight dinner, and a kid friendly back to school recipe, too!
I partnered with Pick ‘n Save to bring you this recipe post, but all ideas and opinions are my own.

So there’s this little thing I’m supposed to be getting ready for – called a rummage sale – and, you guys, I’m totally NOT getting ready for it! It’s supposed to start tomorrow, FYI, and we’ve gotten as far as putting some things out in the garage. And by we, I mean mostly Jorden. Because apparently, I’m way more of a hoarder than I thought I was, and I have issues with getting rid of things. Which, I guess, is the definition of a hoarder.

So here’s how it goes: I decide I’m going to “tackle” a space, comb through it and find all the things we no longer need or want or use. And then I see something that reminds me my kids are getting older – our house is filled with such things – something we clearly no longer need, and I freeze up. Because it reminds me of how quickly time is going, and makes me think about all the things I planned to do with my kids when they were little, and forces me to acknowledge the fact that they’re all getting older…..and then I just walk away. Because who wants to deal?!

Now. I know I’m not the only one who struggles with decluttering. I feel like it’s an age-old struggle for moms (and dads) everywhere. I just honestly never thought it would be me! But…I guess that’s how life is. Always surprising us, right? So now we have this half-filled garage and so much more we could still put out there and I’m sitting here wondering whether or not we can actually pull this off. Whether or not I have it in me to push through and make it happen.

To be honest, all I *really* want to do is stuff my face with this Bacon, Egg and Cheese Monkey Bread. It’s an idea I thought up during a shopping trip to Pick ‘n Save, in an attempt to get creative with back to school breakfast ideas. Seriously – who wouldn’twant bread stuffed with bacon, eggs, and cheese? And apparently my kids agree. The first time I made the monkey bread recipe, they DEVOURED it. Which has me thinking – maybe monkey bread can somehow make me feel more okay about the fact that I didn’t do everything I intended to do with my kids.
Maybe all my kids really need is more Bacon, Egg and Cheese Monkey Bread in their lives. You probably need it in your life, too.

Either way, it’s definitely a good escape for now. And you better believe I’ll be making a whole lot of this monkey bread throughout the school year. Because if it makes me feel better about life, and my kids actually want to eat it, it’s a no-brainer. I think you’ll agree!

Bacon, Egg and Cheese Monkey BreadBacon, Egg and Cheese Monkey Bread combines all your breakfast favorites in one delicious pull-apart bread recipe!
Prep Time 15 minutes
Cook Time 30 minutes
Total Time 45 minutes
Servings 6
Author Cathy Trochelman

*Ingredients listed are for a 6 cup bundt pan. If you are using a 12 cup pan double the ingredients.
  • 1 16 oz. can refrigerated biscuits
  • 4 Tbsp. Roundy's salted butter melted
  • 6 large Roundy's eggs scrambled
  • 1/2 pound Roundy's bacon cooked and crumbled
  • 1 c. Roundy's shredded cheddar cheese
  • 2 Tbsp. fresh chives
  • For sauce:
  • 1/4 c. lowfat mayo
  • 1/4 c. Roundy's sour cream
  • 1 tsp. lemon juice
  • 1/2 tsp. dijon mustard
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  1. Preheat oven to 350 degrees.
  2. Cook bacon and eggs; set aside.
  3. Remove biscuits from package and cut into sixths.
  4. Place biscuit pieces in a gallon size ziplock bag and toss with 4 Tbsp. melted butter.
  5. Add scrambled eggs, bacon, shredded cheese, and fresh chives to the bag and shake to distribute.
  6. Pour mixture into a greased 6 cup bundt pan.
  7. Bake at 350 degrees for 30 minutes.
  8. While bread is baking, combine sauce ingredients in a small saucepan and heat, stirring, over medium heat until smooth.
  9. Cool in pan 5-10 minutes, then use a knife or spatula to loosen edges.
  10. Invert bread onto a plate and drizzle with sauce before serving.
To make bacon, egg, and cheese monkey bread a complete meal, serve it with some fresh fruit or my pina colada fruit salad.

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