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!


Happy Friday all! Around my full-time job, this is a great day… weekend here we come! Recently though, I traveled to the office for our annual work Christmas party. It is so nice to take time to see my co-workers and hear about their adventures. 
Every year, we are asked if anyone would like to bake for the dessert table. They provide the yummy lunch (thanks KB and KP!) and we provide the sweetness. Now, this is where it gets embarrassing. I always bake. always. I just didn’t bake these…
No, I didn’t buy cookies this year, but I did make something very basic because I ran out of time. Why is this embarrassing, you wonder? Because, when I got to the party this year, a fellow co-worker said “OOO, what did you make this year?!!?” LOL. You see, last year I created a recipe for them -(posted here) Mini Peppermint Bark Cheesecakes. AAnnnddd, once you have made “a special” treat, it’s expected. OOPS.
This is what I was planning to make for them, it just didn’t happen until this week. Sorry ladies!!
I love orange and cranberry together. It’s very holiday feeling and a whoopie pie just sounded right this year! Turns out, these were much easier to make than I originally thought. WOO HOO! I love easy recipes, don’t you?
Orange Cranberry Whoopie Pies

For the cookie/pie part:
  • 4 cups flour
  • 1 1/2 cup sugar
  • 2 tsp. baking powder
  • 1 tsp. baking soda
  • 1 tbsp. grated orange peel
  • 1 tsp. salt
  • 2 eggs
  • 1 1/2 cups orange juice
  • 1/2 cup vegetable oil
  • 2 cups frozen, fresh cranberries, chopped 
For the filling:
  • 2 – 8oz. packages of cream cheese, softened
  • 1 cup butter, softened
  • 6 cups confectioner sugar
  • 2 tsp. vanilla
Mix flour, sugar, baking powder, baking soda, and salt in one bowl. In a larger bowl, mix all remaining ingredients except for cranberries. Add dry ingredients to wet all at once. Stir just until combined. Fold in cranberries. 
Using parchment paper, drop amounts of batter by tablespoon (or 2 tbsp if you want them bigger) onto cookie sheets. Bake at 400 degrees for 9 minutes. (11-12 minutes if you dropped by 2 tbsp). Cool one minute on sheet and then remove to cooling racks, covered with parchment paper. 
While cookies are baking, mix filling recipe ingredients with mixer until well combined. Place in the refrigerator until ready to use.
Once cookies are cooled, match up closest sizes and shapes. Pipe filling (however much you like) onto bottom of one cookie and place the matching one on top. Press gently to sandwich together. Continue until done. Makes about 36 whoopie pies. (1 tbsp size)

Can I just say.. OH.MY.YUM. I love the orange and cranberry!! I hope your holidays are merry and bright!! Great big squeezie hugs to ya! Thanks for stopping by… reading… have I told you that you are AWE-SOME?!?!


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