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!


Tired of the straight-up margarita? This strawberry basil margarita is a fun twist on the classic. It’s a sweet, tart and refreshing cocktail, perfect for summer outdoor sipping!
Strawberry. Basil. MARGARITA. Can I get an “oh heck yeah”?!?
That’s right. I took summer’s best flavors – juicy sweet strawberries and peppery refreshing basil – and I mashed ’em up into summer’s best cocktail. Actually, I didn’t mash ’em, I blended them, but more on that later.
I’d like to claim that I did this all for you, but no, friends, no I did not – I did it for me. And it was a very, very good thing I did for myself.
The good news? YOU can get in on this action too! Be kind to yourself – make a strawberry basil margarita.
You might be thinking “eh, too much fuss”. Why would I want to add strawberries and basil, when I can sip on the classic?
Well for one – they’re pretty. Yes, that’s totally a reason.
For two – they’re easy. To transform a standard margarita into a strawberry basil margarita, you simply need a blender and a muddler. Easy peasy tequila squeezy.
For three – you’ll bring all the friends to your yard/pool/table when you offer up a batch of these sweet, colorful and oh so delicious summer cocktails.
Still not convinced? Let’s talk about the “health benefits” of this sweet summer cocktail. (Yes, I know what I did there with the air quotes, but indulge me).
(1) Strawberries = antioxidants + vitamin C
(2) Basil = vitamin K (and a dash of A and C, just for fun)
(3) Raw Honey = nature’s antihistamine. Well…sort of. The efficacy is controversial, but I reason that it can’t hurt. I start incorporating bits of local raw honey into our diet a few weeks before pollen season to lessen allergy symptoms (and given the intensity of this year’s pollen, I’ll literally put it in anything, as evidenced by this post).
So there you have it. Delicious, fun, and (sort of) nutritious. Bottoms up friends.

These guys are sweet and tart, but most importantly brimming with the most seasonally appropriate nectar-from-the-gods – no, I’m not talking about strawberries, I’m talking about the almighty tequila.
Ahhh, tequila. When shot with lime it’s lover to all and friend to none.
But stirred into this festive festive margarita, topped with the perfect amount of salt and poured over crushed ice? Yes, yes, yes.
Get your hands on a bottle of tequila and pour some into a blender. Be generous but not a drunk. Add a handful of fresh strawberries, some cointreau, some lime juice, and some honey. No sugar needed! Now blend until the strawberries are totally pulverized. We’ve got the strawberry covered.
Onto the basil! Put some chopped basil into the bottom of a cocktail shaker. Muddle. Pour the strawberry margarita base over the muddle basil. Stir…or shake. Do your thing. Then pour into a glass rimmed with salt and filled with.
Sip…taste the summer…and enjoy it!

Strawberry Basil Margarita Summer Cocktail
This strawberry basil margarita is a fun twist on the classic margarita. It's a sweet, tart and refreshing cocktail, perfect for celebrating.
Course Cocktail, Drinks
Cuisine American
Prep Time 10 minutes
Total Time 10 minutes
Servings 2
Calories 240 kcal
Author Danielle

  • 1/2 pint fresh strawberries
  • 1/2 c. blanco tequila
  • 1.5 oz. Cointreau
  • 1 lime juiced (about an ounce)
  • 1 tbsp honey raw if you have it
  • 2-3 basil sprigs
  • ice
  • kosher salt
On the Rocks
  1. Pour about 1/4 cup of kosher salt onto a small side plate. Rub the juiced lime rhine around the edge of two rocks glasses, then dip each glass into the plate of salt to rim the edges. Fill each glass with crushed ice or several ice cubs.
  2. Place the strawberries, tequila, cointreau, lime juice and honey into a blender. Blend thoroughly on high until the strawberries are pulverized. Finely chop the basil and place into the bottom of a decanter or cocktail shaker. Muddle the basil to release the flavors and oils. Pour the blended margarita ingredients into the decanter along with the muddle basil and stir vigorously to incorporate. Pour into salted, iced glasses and serve immediately.
  1. Pour about 1/4 cup of kosher salt onto a small side plate. Rub the juiced lime rhine around the edge of two rocks glasses, then dip each glass into the plate of salt.
  2. Place the strawberries, basil, tequila, cointreau, lime juice, honey and a few handfuls of ice (6-8 cubses) into a blender. Blend thoroughly on high until the strawberries, basil, and ice are pulverized. Pour into the salted glasses and serve immediately.

Nutrition Facts
Strawberry Basil Margarita Summer Cocktail
Amount Per Serving
Calories 240
% Daily Value*
Sodium 1mg
Potassium 35mg
Total Carbohydrates 16g
Sugars 15g
Vitamin A
Vitamin C
* Percent Daily Values are based on a 2000 calorie diet.


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