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!

VEGAN SWEET POTATO BROWNIES RECIPE

VEGAN SWEET POTATO BROWNIES RECIPE

Vegan sweet potato brownies! This fudgy, chocolatey and rich treat makes a perfect healthy dessert or snack that is also perfect for special occasions, and is made with just a handful of ingredients. Gluten-free and oil-free.
I think that a brownie isn’t a proper brownie unless it’s fudgy, soft and VERY chocolatey. These sweet potato brownies meet all of those criteria. If you’re afraid that you’ll be able to taste the sweet potato, I promise you can’t. It does, however, add sweetness and that wonderful texture we all love.
I also added a handful of vegan marshmallows to this recipe, but I know that they aren’t accessible to everyone, so this step is entirely optional. The rest of the ingredients are pretty simple: dark chocolate, maple syrup, almond butter, coconut flour and a pinch of salt! The end result is so good that whenever I make them, they disappear in minutes. No one can ever tell that they contain sweet potato!

Ingredients
  • 1 medium sweet potato peeled and cooked (about 1lb/500g uncooked weight)
  • 0.2 lbs dark chocolate melted
  • 3/4 cup + 2 tbsp maple syrup
  • 3 tbsp peanut butter smooth
  • 3 tbsp coconut flour
  • 3/4 cup vegan marshmallows optional)
  • 1/2 tsp salt
Instructions
  1. Preheat oven to 180 degrees C/350 F. 
  2. Mash the cooked sweet potato in a large mixing bowl. Pour in the dark chocolate and maple syrup, whisking together well. 
  3. Add the coconut flour, vegan marshmallows (if using) and salt. Mix the ingredients together, then transfer into a square or round baking tin, and bake in the preheated oven for 40-45 minutes. 
  4. Allow to cool for at least 15 minutes before serving. 

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