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 September, everyone! We’re getting closer to fall season…cozy sweaters, orangey-red leaves, hot chocolate, Halloween, and of course lots of delicious food! And the very first recipe of this month is a super special one – I’m sure it’ll become one of your favorite breakfasts – Peanut Butter Chocolate Chunk Oatmeal Pancakes!!! Just look at all that melty peanut butter and those chocolate chunks. I sure would like to have these pancakes for breakfast everyday!
Summer has been good, but it’s also meant not being as active on the blog as I should have been. I would like to say I had a lot of BBQs to attend, picnics spent in lush green parks, and splashy salty ocean water days at the beach – but sadly it’s TOO hot to do all that in Bahrain, which is a small peninsula in the Middle East, in case you didn’t know. 😉 So what did I do? Just pray away the never ending heat wave. Lol. No. Okay, okay it was just so hot that it made me lazy and I turned into a full fledge procrastinator. And that’s why I didn’t post much on the blog. Well, I didn’t become a complete procrastinator…I spent most of the time cooking up a storm for this month’s recipes!
These Peanut Butter Chocolate Chunk Oatmeal Pancakes are perfect for weekend brunches. Light and fluffy, full of chocolate chunks and topped with melted peanut butter, your family will love these pancakes!

  • 2 cups quick oats see note for substitution
  • 1/2 teaspoon baking soda
  • 2 1/2 cups buttermilk see notes for substitution
  • 1 cup flour
  • 2 teaspoons baking powder
  • Pinch of salt
  • 1 tablespoon sugar
  • 1/3 cup oil
  • 2 eggs lightly whisked
  • 1 cup chocolate chunks about 120 grams, plus more for topping
  • 2 - 3 tablespoons melted peanut butter for topping
  • Unsalted butter for cooking the pancakes see notes.
  1. In a medium bowl, combine the oats, baking soda and buttermilk. Mix well until fully combined. Let stand for about 5 minutes.
  2. In a separate bowl, combine the flour, baking powder, salt and sugar. Lightly whisk to combine.
  3. Add the oil and whisked eggs to the oat buttermilk mixture, and mix to combine.
  4. Add the dry ingredients (flour, baking powder, salt & sugar) to the oat buttermilk mixture and stir until fully combined.
  5. Add in the chocolate chunks and gently stir until combined.
  6. Melt about 1 teaspoon of butter on a griddle or skillet on medium high heat, and scoop about 2 tablespoons (normal kitchen tablespoons not the measuring ones) of pancake batter onto the griddle/skillet. Cook for 1-2 minutes, until you can see tiny bubbles on top of the pancake and gently flip. Cook on the other side for 1-2 minutes or until pancake is cooked through. Repeat until batter is finished.
  7. Top with melted peanut butter and chocolate chunks.
Recipe Notes
Quick Oats substitute: with old fashioned oats. Just pulse the old fashioned oats in a food processor or blender briefly before using. Buttermilk substitute: Add 2 tablespoons of white vinegar to 2 1/4 cups of full fat milk and let stand for 5 minutes or until the milk is curdled. Butter: If using salted butter for cooking the pancakes, then omit the 1/2 teaspoon of salt in the pancake batter, as the pancakes might turn out to be too salty.


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