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!

Strawberry Mango Coolers

Strawberry Mango Coolers
Strawberry Mango Coolers are a refreshing summer drink that both kids and adults will love.
When we have get togethers I like to have special drinks that the kids and adults will both enjoy. These Strawberry Mango Coolers just fit the bill. Sweet and refreshing and just perfect on a hot summer day.
Add strawberries, mango, honey and orange juice to a blender and blend until smooth.
Fill glasses with ice and pour about ⅓ cup of strawberry mango mixture over ice.
Top with Sprite or club soda and stir to combine.
Serve immediately.
They are a blend of fresh strawberries and mangos and a bit of orange juice mixed with ice and Sprite. A super simple recipe that you can make ahead of the party.
If you are hankering for something a little stronger you could totally add in a shot of vanilla vodka or maybe a splash of rum.

We just put in an above ground pool this week!! I’m so excited. I have wanted a swimming pool my whole life.
The upper part of our ranch, where our house is located, is on a limestone bluff. So it would take some blasting to put in a traditional in ground pool and a whole lot of money.
My husband did the dirt work and the boys helped him put up the pool. It was quite a task but oh man are we ever going to enjoy it. It was way more affordable and we saved a lot by putting it in ourselves.
It is round so they could dish out the middle to make it a little deeper. It is probably about 5 foot deep in the middle, just perfect.
When we get the covered deck all finished, I will share some photos. In the meantime, I will be sipping lots of these Strawberry Mango Coolers while hanging out in the pool this summer!
So here’s to a great summer y’all!
PREP TIME 5 mins
Author: Milisa
Serves: 8 - 10 servings

  • 2 cups sliced strawberries
  • ½ cup diced mango
  • ¼ cup honey
  • 1 cup Mango-Orange Juice (or regular orange juice)
  • 1 liter of Sprite or Club Soda
Get IngredientsPowered by Chicory

  1. Add strawberries, mango, honey and orange juice to a blender and blend until smooth. Place in a airtight container and refrigerate until ready to serve.
  2. Fill glasses with ice and pour about ⅓ cup of strawberry mango mixture over ice. Top with Sprite or club soda and stir to combine.
  3. Serve immediately.


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