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 Vegan

Cake Recipes Vegan. See more ideas about vegan cake, vegan cake recipes, vegan sweets. Here are dozens of egg-free and dairy-free vegan cake recipes to inspire you to get baking.

Vegan Christmas Cake: Three Fantastic Recipes
Vegan Christmas Cake: Three Fantastic Recipes (Donald Norman)
Featuring Vegan Cookies and Cream Cheesecake, Dairy-Free Strawberry Cheesecake and Vegan Chocolate Cake. They loved it and were shocked to know it was vegan! This gorgeous, light and fluffy, moist, vanilla flavored cake with vanilla frosting is Thank you.

Blood Orange Chocolate Birthday Cake. <p>When it comes to vegan cake, it doesn't get more..

Vegan Blueberry Lemon Yogurt Cake, Vegan Carrot Cake, Vegan Blueberry Bundt Cake (Vegan Lemon Cake)Bianca Zapatka. soy yogurt, vegan butter, non dairy milk.

1 Bowl Chocolate Hazelnut Cake (Vegan + GF) - Minimalist Baker

Dark and Delicious Vegan Chocolate Cake | Canadian Living

Black Forest Cake Roll (Vegan Swiss Roll) - Bianca Zapatka ...

Gluten free vegan cake - Anne Travel Foodie

Gluten-Free Birthday Cake | Minimalist Baker Recipes

Vegan Christmas Cake: Three Fantastic Recipes

Vegan Birthday Cake | Supper in the Suburbs

gluten free vegan one bowl chocolate cake - Sarah Bakes ...

Easy Vegan Cheesecake | Minimalist Baker Recipes

Featuring Vegan Cookies and Cream Cheesecake, Dairy-Free Strawberry Cheesecake and Vegan Chocolate Cake. Super fudgy, moist and perfect anytime you need a chocolate fix, quick! One of the biggest concerns of non-vegans and those considering the lifestyle is the worry that they'll never again have a flavorful, decadent.


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