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!

Dessert Ideas For Kentucky Derby

Dessert Ideas For Kentucky Derby. The flavors of a Derby Pie in cupcake form! Ring in Derby Day with our collection of the best recipes for Kentucky Derby food that celebrates regional Whether you're playing host to friends and family, or contributing to a potluck event, celebrate Derby Day with our collection of the best Kentucky Derby. kentucky derby dessert recipes.

Kentucky Derby Desserts Roundup - Somewhat Simple
Kentucky Derby Desserts Roundup - Somewhat Simple (Rhoda Swanson)
Kentucky Derby Party Inspiration- lots of fun decor ideas including table centerpieces, mint julep bar and what to wear. There's everything from hot browns and Kentucky Derby food makes the Run for the Roses even more fun. We know the spotlight is supposed to be on the horses and the jockeys, but for.

Slow Cooker Short Ribs with Henry Bains Sauce.

When you think of the Kentucky Derby, you probably envision women in elaborate hats and sundresses, men in seersucker suits, and barrels of Traditionalists will tell you that you have to use walnuts as the nut of choice in the filling, but pecans are often substituted, making the derby dessert.

Kentucky Derby Party Recipes • The Fresh Cooky

Derby Cupcakes | Recipe | Kentucky derby pie, Derby pie ...

25+ Scrumptious Kentucky Derby Dessert Recipes that Ought ...

Kentucky Derby-worthy desserts - The Boston Globe

Kentucky Derby Pie – Can't Stay Out of the Kitchen

Kentucky Derby Desserts Roundup - Somewhat Simple

Kentucky Derby Recipes - Southern Living

10 Delicious Kentucky Derby Dessert Recipes

Kentucky Derby Party-Fabulous Recipes Watching The Horses ...

Both the crust and the filling are spiked with bourbon. Mini bottles of bourbon are a great take home gift for the southern gents. From the race day dress code to the perfect mint julep recipe, here's how to host a memorable The actual Kentucky Derby may only last a few minutes, but the entire event is a day-long festivity.


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