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-Nutella Cookie Ice Cream Sandwiches

Strawberry-Nutella Cookie Ice Cream Sandwiches
Strawberry-Nutella Cookie Ice Cream Sandwiches are such a fun treat, no matter what the weather. These cookies are rich and tasty on their own, but turning them into ice cream sandwiches could not be more delicious!
Well, ladies and gentlemen, Valentine’s Day is around the corner and I’m ending my Sweets for Your Sweet Week with a delightfully delicious and fun treat: Strawberry-Nutella Cookie Ice Cream Sandwiches. If you’re a Nutella fan, these are for you!
If you know me, you know I eat ice cream all year long (and so does my dog — but only a lick or two). I don’t always make my own ice cream, but when I do, I love No Churn Orange-Cardamom Ice Cream, No Churn Cherry Chocolate Chip Espresso Ice Cream, and Peach, Lavender, and Blackberry Ice Cream.
For this recipe, I stuck with store-bought strawberry ice cream to smush between two of these rich, rich cookies. It goes so well with the bits of strawberries you’ll find tucked inside the cookies. I used a recipe I found from Real Simple magazine as baking inspiration for these treats.
The cookies are super easy to make, so that’s a bonus, right! I used freeze-dried strawberries to add to the batter. I can usually find them at my local grocery store, and I’ve seen them at Target, too.

  • 1 cup all-purpose flour
  • 1-1/2 teaspoons baking soda
  • 1/4 teaspoon salt
  • 1 egg, beaten
  • 1 cup Nutella
  • 2/3 cup freeze dried strawberries, diced
  • Strawberry or vanilla ice cream or frozen yogurt, slightly softened
  • Optional: candy sprinkles for garnish
  1. Preheat oven to 325 degrees F. Line two baking pans with parchment paper and set aside.
  2. Combine the flour, baking soda, and salt in a medium-size bowl and whisk to combine.
  3. Add the beaten egg and Nutella to the bowl, and mix until combined.
  4. Fold in the strawberries until combined.
  5. Shape the dough into about 2-inch balls and place on the baking pan about 2 inches apart.
  6. Bake for 8-9 minutes, rotating halfway through baking. Remove while still soft so you don't overbake.
  7. Remove from the oven, and while the cookies are still hot, press down on the tops slightly with a spatula. Allow them to sit for a minute, then transfer to a wire baking rack to cool completely.
  8. Once completely cooled, scoop some softened ice cream or yogurt onto the bottom of one cookie and top with another (flat side to the ice cream).
  9. If you’d like, roll the sides of the sandwiches in candy sprinkles.
These cookies were inspired by a Real Simple magazine recipe.


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