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!

Best Ever Mini Cheesecakes

Best Ever Mini Cheesecakes
THE BEST recipe ever for Mini Cheesecakes! Cheesecake filling with graham cracker crust made in cupcake tins. My kids beg me to make these again and again!
I can’t even begin to tell you how delicious these mini cheesecakes are, but I will warn you – do yourself a favor and make a double batch because these little guys will be gone in no time!
Feel free to leave the cherry pie filling off, I did this for the first batch and they tasted great. I honestly prefer the pie filling on though, it gives it just a little bit extra to the cheesecakes.

What kind of cupcake pan to use:
For this recipe, be sure to use a REGULAR 12 cup muffin pan. Just grab the muffin tin you use to make cupcakes, they are perfect for this recipe and exactly what I use here.
Can these be made ahead of time?
Absolutely! Make them the night before your party or event and just keep them refrigerated. Spoon the pie filling over the cheesecakes just before serving. They’ll taste even better this way!
Can mini cheesecakes be frozen?
I do not recommend freezing these mini cheesecakes. Cream cheese does not freeze well, in general and in my own experience.
How to make mini cheesecakes:
Mix the crust ingredients in a small bowl with a spatula.
Spoon about 1 tablespoon of crust mixture into 12 paper-lined muffin cups. Use the back of a spice jar to press crusts firmly into the bottoms of the cups.
Beat cheesecake filling ingredients with an electric mixer.
Scoop cheesecake filling over crusts in muffin cups. Bake a cool completely before serving.
How to cut time with this recipe:
  • Skip the crust altogether, and just drop a vanilla wafer cookie into the bottom of each muffin cup before filling with cheesecake mixture and baking
  • Serve cheesecakes plain to guests and just have the pie filling out in a bowl for guests to top as they desire
  • Make mini cheesecakes ahead of time and have them ready to go in the refrigerator
Flavor variations:
  • Oreo Mini Cheesecakes: use an Oreo cookie as the crust in each muffin cup, fill as usual, and top with miniature chocolate chips before baking
  • Apple Pie Mini Cheesecakes: add 1/4 teaspoon cinnamon to crust ingredients, fill and bake as usual, and then top with apple pie filling
  • Funfetti Mini Cheesecakes: mix 2 tablespoons colored sprinkles to cheesecake filling, bake and cool, and then top with whipped cream and more sprinkles
If you liked this recipe for Best Ever Mini Cheesecakes, leave a comment and rating below this post!

Best Ever Mini Cheesecakes
A mini cheesecake recipe using graham cracker crumbs, cream cheese, and cherry pie filling.
author: Kelly Miller
prep time: 15 minutes
cook time: 15 minutes
total time: 30 minutes
course: Dessert
cuisine: American
keyword: mini cheesecakes
servings: 12 servings
for the crust:
  • 1 cup graham cracker crumbs
  • 2 tbsp sugar
  • 3 tbsp butter melted
for the cheesecakes:
  • 16 oz cream cheese softened to room temperature
  • 1/2 cup sugar
  • 2 eggs
  • 1/2 tsp vanilla extract
  • 21 oz cherry pie filling
  1. Place paper cupcake liners into muffin cups. In a small bowl, stir together crust ingredients. Evenly divide mixture among the 12 muffin cups, about 1 tablespoon in each. Using the bottom of a spice jar, press the crust mixture firmly into the bottom of each muffin cup. Set aside.
  2. In a large bowl, beat together softened cream cheese, sugar, eggs, and vanilla until smooth. Pour mixture evenly over crusts.
  3. Bake at 350 degrees for 15 - 17 minutes or until just set in the middles, do not overbake. Allow cheesecakes to cool. Serve topped with cherry pie filling.
Calories: 292 kcal Fat: 17 g Saturated fat: 9 g Cholesterol: 76 mg Sodium: 212 mg
Potassium: 126 mg Carbohydrates: 31 g Sugar: 13 g Protein: 3 g Vitamin A: 14.8%
Vitamin C: 2.2% Calcium: 5.3% Iron: 3.8%


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