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!

Cake Recipes For A Diabetic

Cake Recipes For A Diabetic. These diabetic cake recipes are so delicious that they are bound to be a hit at any party or occasion. Diabetic cake recipes - Gingerbread with Pears.

Easy diabetic coffee cake recipe -
Easy diabetic coffee cake recipe - (Beulah Ramirez)
Sugarless spice cake This scrumptious cake is bursting with the flavors of autumn. Substituted half of sugar by Splenda and instead of butter used The dessert was delicious and my husband could enjoy a little as a diabetic. As a result low-carb diabetic dessert recipes often use almond flour, coconut flour, or seed.

When looking for a cake suitable for a diabetic it needs to be healthy.

Put these easy pudding cakes in the oven to bake just before sitting down for a meal, and you'll get a perfectly timed warm dessert.

Carrot cake | Diabetes UK

Pin on RECIPES Cakes & Cupcakes

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Chocolate cake recipe using splenda >

Pineapple Cake with Macadamia-Apricot Topper | Diabetic ...

Diabetic cake recipes - Gingerbread with Pears. The cake is delicious and the cream cheese frosting is divine. These cakes use wholemeal flour, fruit and are low in sugar or use sugar substitutes.


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