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 Cream Cheese Scones



These homemade strawberry cream cheese scones are filled with fresh strawberries and topped with a vanilla glaze.

Cream cheese gives these strawberry scones an unbelievably rich, soft texture, making this my favorite go-to scone recipe! These strawberry cream cheese scones are perfect for breakfast, brunch, or an afternoon snack!







Well, it’s that time of the year again.

The time of the year where all my money goes to the adorable Girl Scouts selling cookies outside of every single store.

Their marketing strategy is genius, right? They make bomb cookies that they only sell for a limited time and use cute kids to guilt ask you to buy a box.



It’s that limited time thing that gets me every time. Like, if I don’t get the third box of Thin Mints right now, in a few weeks, when the cookie sales are done, am I going to regret it? (Umm…probably).

Between the limited time offer and the limited supply (that’s in some serious high demand, let’s be real), I panic and end up single handedly funding the Girl Scouts for the next year. (Kidding…kind of).



So, if there was one suggestion I could make to those Girl Scouts, it would be to make some sort of strawberry cookie. I’m a big fan of those lemonades (I’m a big fan of all things lemon and lemon cookies), but I certainly wouldn’t turn down a strawberry lemonade cookie.

Strawberry and lemon kind of belong together (cue this fantastically delish Strawberry Lemon Coffee Cake), but strawberry kind of belongs with everything. It’s the quintessential spring/summer flavor that pairs with EVERYTHING and it’s pretty much amazing.

I’m sorry for the all caps thing, but it’s what I feel.



Or strawberry and Nutella?? (Which is kind of the same thing as chocolate, but nutty and amazing so it deserves its own recognition).

Or, what about Strawberry and Cream Cheese?? Every since I made these Blueberry Cream Cheese Scones, I have been obsessed with making more cream cheese scones. Hence, the creation of these Strawberry Cream Cheese Scones.

The cream cheese not only pairs perfectly with the strawberries (hello strawberry cheesecake), it also yields a richness in both flavor and texture that is absolutely unbeatable.



Now, these sweet strawberry cream scones have never been entered into any contest, but my brother-in-law, who, mind you, is not a scone person, loved these…. a lot.

To me, that speaks volumes about these strawberry scones.

They’re rich and soft, flaky and tender, and sweet, full of fresh strawberries.

Basically, these strawberry cream cheese scones have my whole heart.
These sweet little Strawberry Cream Cheese Scones would make a fun Valentine’s Day breakfast!



Tips & Tricks for these Easy Strawberry Cream Cheese Scones:
Make sure your butter is cold. In order to have flaky scones, you need cold butter (just like making flaky pie crust or homemade biscuits).
If you’re strawberries are super wet or juicy, pat them with a paper towel to remove the extra moisture.
Brushing the tops of the scones with heavy cream gives the strawberry scones a nice golden brown color as they bake.



Prep Time
25 mins
Cook Time
16 mins
Total Time
41 mins
Course: Scones
Servings: 8 Large Scones


Ingredients
Strawberry Cream Cheese Scones
2 1/4 cups all purpose flour
1/4 cup white sugar
1 Tbsp baking powder
1/2 tsp salt
1/2 cup unsalted butter cubed and cold
4 oz cream cheese cubed and cold
1 egg
1/4 cup heavy whipping cream plus more for brushing
1 tsp vanilla extract
2/3 cup strawberries finely chopped
Vanilla Glaze
1 - 1 1/2 cup powdered sugar
2-3 Tbsp heavy whipping cream
1/2 tsp vanilla extract

Instructions

Preheat oven to 400 degrees. Line a baking sheet with parchment paper. Set aside.
Mix flour, sugar, baking powder, and salt together in a large bowl.
Once combined, cut in the butter and cream cheese with a fork or pastry cutter until the mixture resembles coarse crumbs.
Whisk together heavy whipping cream, egg, and vanilla extract. Slowly add the wet ingredients into the dry ingredients, and mix until just combined.
Add in strawberries, and mix until just combined.
Turn the dough out onto a lightly floured surface, and sprinkle more flour on top, if needed (if the dough is too wet--the strawberries can release a lot of juice). Form the dough into a circle, about 1/4-1/2" thick, and cut into 8 even triangles.
Place scones on baking sheet, and lightly brush the tops of each scone with heavy whipping cream.
Bake for 15-16 minutes, or until the tops are golden brown.
Vanilla Glaze
While the scones are cooling, whisk together powdered sugar (starting with 1 cup), heavy whipping cream (beginning with 2 Tbsp), and vanilla extract. If the glaze seems too thin, add in the last 1/2 cup of powdered sugar. If it seems too thick, add in the last Tbsp of heavy cream.
Drizzle the glaze over the scones, and allow to set (about 5-10 minutes).
Enjoy!

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