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!

WITCH HAT CUPCAKES




Witch Hat Cupcakes are easy Halloween Cupcakes that take just 5 ingredients to make! You kids will love helping you make these fun and easy Halloween treats!

Happy October! It’s my favorite month of year! Fall leaves, cooler weather, Halloween, and all sorts of fun treats, soups and comfort foods! Even though Halloween is one of my favorite holidays, I don’t crazy with decorations and treats. I like to keep things pretty simple.

I think most moms with small kids can agree that you don’t have a ton of time to make fancy Halloween treats for your child’s halloween parties. I love cute and festive treats–as long as they are simple!

Some great examples of impressive but EASY halloween treats include these Chocolate Chip Spider Cookies and Pumpkin Cupcakes with Cinnamon Cream Cheese Frosting.




I’ve seen several cute candy witch hats lately, like these. But I wanted to make a halloween cupcake with them because cupcakes are one of my favorite treats to bring to Halloween parties.

These Witch Hat Cupcakes are fun and festive, but super easy too. My kids love to help make the Oreo witches hats and add the sprinkles.

Witch Hat Cupcakes that take just 5 ingredients to make! You kids will love helping you make these fun and easy Halloween cupcakes!

Prep Time30 mins
Cook Time25 mins
Total Time55 mins
Course: Dessert
Cuisine: American
Servings: 12 cupcakes
Calories: 204kcal


Ingredients

12 chocolate cupcakes
6 Oreo cookies
12 Hershey's chocolate kisses
1 batch cream cheese frosting (exclude the cinnamon)
green and orange food coloring
white and orange sprinkles

Instructions

After making the cream cheese frosting, separate 1/2 cup of the frosting into a separate bowl.
Color the larger amount of frosting green, and color the smaller amount of frosting orange.
Gently split the Oreo in half.
Place a very small spoonful of orange frosting in the center of the top of the Oreo cookie.
Place a Hershey's kiss on top and press down. Add some sprinkles. Set aside.
Pipe the green frosting into the center of the cupcake (don't go all the way out to the edges!) and wind it gently up into a few layers.
Place an Oreo witches hat on top. Refrigerate cupcakes (covered) until ready to serve


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