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!



If I am going to be eating calories, I would MUCH rather it be this cookies than take-out food any day!
Especially when it comes to something that is as easy as this cookies.

This Blueberry Cheesecake Cookies with Lemon Glaze super simple to make and actually are a small batch.

I don't know about you but, unless it is the holidays, I don't want to make 6 dozen cookies. This recipe gives you a comfortable 2 dozen.

Also, the taste amazeballs! Every single person that tried one went back for another.

Perfect, creamy little bites of blueberry cheesecake like heaven drizzled with a luscious lemon glaze. These cookies are easy to make and sure to please!

  • 4 ounces cream cheese, softened 
  • 8 tablespoons butter, room temperature 
  • 3/4 cup sugar
  • 1/4 teaspoon salt 
  • 1 cup flour 
  • 1/2 cup blueberries (can use frozen, thawed berries) * see Cook's notes 
  • 1 lemon, zested and juiced 
  • 1 1/2 cup to 2 cups powdered sugar (to get the glaze to your desired consistency)
  1. Preheat oven to 350 degrees F.
  2. In a mixing bowl, blend cream cheese, butter, and sugar until fully combined.
  3. Add the flour to cream cheese mixture and stir until fully combined. 
  4. Add the blueberries. *see Cook's notes 
  5. Once the cheesecake batter is fully mixed, cover with plastic wrap and chill in the refrigerator for 30 minutes, or until batter is firm to touch.
  6. Using a small cookie scoop, place cookie batter on a parchment-lined baking sheet.
  7. Using your fingers, press down on the dough balls to help form cookies. 
  8. Bake 12-15 minutes or until cookies turn golden brown on the bottom.
  9. Place cookies on a cooling rack and rest for at least 5 minutes. 
  10. Meanwhile, combine the lemon juice, zest, and powdered sugar in a medium bowl. Set aside.
  11. Drizzle cooled cookies with lemon glaze.
If using frozen berries, toss them with a couple tablespoons of flour if you don't want the color to bleed. 
Gently fold the blueberries in if you don't want them to bleed. I like the blueberry color so I used a mixer.


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