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!



A deliciously easy recipe for Gluten Free Brownie Cookies, you’ll love them! I love chocolate brownies as much as you do, but I’m not really keen on scrubbing out the pan afterwards!
Even if you use the same flour blend measuring it with a cup may not yield the same amount of flour each time, it really depends on how you scoop it, whether the flour has been sieved, and some other variables.

Gluten Free Brownie Cookies Recipe
A Gluten Free Brownie Cookies, they're a perfect treat!

  • 1/2 cup dairy free margarine, or butter , 110g
  • 1 cup sugar , 225g
  • 1 cup + 1 tbsp All Purpose Gluten Free Flour , 150g
  • 3/4 cup cocoa powder (sieved) , 75g
  • ¼ teaspoon xanthan gum , omit, if your flour has gum added
  • 2 large eggs
  • ¼ teaspoon salt
  • ½ teaspoon gluten free baking powder
  • ½ cup powdered sugar
  1. Preheat your oven to 350F.
  2. Cream margarine and sugar together, don't overdo it as the margarine is very soft and you don't want it to become too liquid.
  3. Then add eggs, cocoa powder flour, xanthan gum, baking powder.
  4. Don't forget to scrape the sides and bottom of the bowl and make sure it's all incorporated well.
  5. If the mixture is very soft cover the bowl with cling wrap and put it in the fridge for about 20 minutes to harden up a little.
  6. Line a cookie sheet with parchment paper, then put about half a cup or so, (it doesn't need to be accurate) of powdered sugar into a bowl.
  7. Take a generous tablespoonful of the dough and roll it into a ball, then dip on all sides in the powdered sugar.
  8. Place it on the lined cookie sheet and flatten out with a fork, to about a 1/2 inch thick.
  9. Bake for 13 - 15 minutes in a 350F oven.
  10. Allow the cookies to cool on a cooling rack.
Recipe Notes
1. I bake by weight using a digital kitchen scale as I find that gives the most consistent results, especially when baking gluten free. One cup of your gluten free flour blend may not weigh the same as my blend, all the commercially available blends have different mixes and ratios of flour in them. I’ve weighed cups of different blends of flour and noted that a cup of gluten free flour can vary in weight from 125g up to as much as 170g depending on how you scoop it, and what type of mix you use. You can see how this could drastically alter the outcome of a recipe. 
2.I recognise that most Americans are used to the cup method which is why I also include those measurements, but they may not give you accurate results as they are approximate only. If you are a keen gluten free baker I would encourage you to invest in a digital kitchen scale. 
3.I prefer to use my own homemade gluten free flour blend as it's cheaper and I get really great results. 
4. If you can, avoid buying flour with gums already added. The reason for this is that you have no way of knowing how much gum is in there and that can alter the outcome of the recipe. So for example, too much gum can give you a more sticky texture in a cupcake. And though the cupcake recipe will still work, it won’t be as nice as if you measured and added the gum yourself.


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