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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!

BACON CHEDDAR RANCH PINWHEELS

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These Bacon Cheddar Ranch Pinwheel appetizers are the ultimate party food! Loaded with bacon, cheddar cheese, and creamy ranch flavor, these easy roll-ups are sure to become a new favorite appetizer recipe. Not only are they super quick and easy to make, but they’re easy to transport, too. Which makes them perfect parties, picnics, or game days!
These Bacon Cheddar Ranch Pinwheels are the perfect party food! Loaded with bacon, cheddar cheese, and creamy ranch flavor, they're sure to become everyone's new favorite!Save

So. We made it back from the waterpark all in one piece. Hooray! And…believe it or not…we had fun! I’m always a bit skeptical, since waterparks aren’t totally my thing…but at the end of the day, you really can’t beat a little time away.
Because even though we spend a lot of time together at home, time away is just different. It looks different, it feels different, and it brings out different sides in people. Some good, some bad, and some just downright funny.
I guess that’s what 3 days of too much sugar, not enough sleep, and all the swimming you can handle will do to people! And by people, I especially mean Nora. And it makes sense…since Nora is constantly trying to keep up with her big sisters in their bedtimes, their sugar consumption, and their bravery at the waterpark. Needless to say, by the end of the trip, we had one very over tired 5 year old who was definitely giving us a run for our money.
These Bacon Cheddar Ranch Pinwheels are the perfect party food! Loaded with bacon, cheddar cheese, and creamy ranch flavor, they're sure to become everyone's new favorite!Save

But not before she gave us a dinner full of laughs….a night which I can safely say none of us will soon forget. It was our last dinner there, after a full day spent at the waterpark, and we were waiting for our food to arrive.
And then, out of nowhere, Nora started telling us all about her secret crush – a boy in her class named Jack – which came as a surprise to everyone.
And she didn’t just mention it and move on….no, she kept going and going, and everything that came out of her mouth was funnier than the next. And for those 10 minutes at dinner, little Nora seemed so much older than 5. And for the first time in a while, she really was keeping up with her big sisters.
These Bacon Cheddar Ranch Pinwheels are the perfect party food! Loaded with bacon, cheddar cheese, and creamy ranch flavor, they're sure to become everyone's new favorite!Save

After dinner, of course, the over-tiredness kicked in and we remembered she’s only 5 and we knew we’d have hell to pay for our weekend away. But you know what? It was all worth it. For the same reason it’s worth it to let our kids stay up on New Year’s Eve or sleep in one another’s beds or watch the Super Bowl all the way to the end. Because sometimes it’s those little moments that carry the memories. And the laughs. And the magic.
Speaking of magic, these Bacon Cheddar Ranch Pinwheel appetizers are nothing short of magical, and definitely perfect for your next Super Bowl party! They can be made ahead or easily whipped up at the last minute…and you can’t go wrong with the bacon cheddar ranch flavor combo. They’re one of our favorite game day appetizers!
If you love bacon cheddar ranch as much as we do, I would highly recommend trying my Bacon Cheddar Ranch Chicken Salad and my Bacon Cheddar Ranch Chicken Noodle Soup. I’m telling you….you can’t. go. wrong!
These Bacon Cheddar Ranch Pinwheels are the perfect party food! Loaded with bacon, cheddar cheese, and creamy ranch flavor, they're sure to become everyone's new favorite!Save

HOW DO YOU MAKE TORTILLA ROLL-UPS?

  1. Start with soft tortillas. This ensures they won’t crack when rolling them up.
  2. Use room temperature cream cheese, which makes for easier mixing and spreading.
  3. Be sure your toppings are evenly distributed so you get every flavor in every bite.
  4. Roll them tightly. The tighter they are rolled, the easier they are to eat!
  5. If making them in advance, wrap them in plastic wrap and refrigerate until ready to serve. Then simply remove from the refrigerator, cut, and serve.
Bacon Cheddar Ranch Pinwheels 5These Bacon Cheddar Ranch Pinwheels are the perfect party food! Loaded with bacon, cheddar cheese, and creamy ranch flavor, they're sure to become everyone's new favorite!Save

This Bacon Cheddar Ranch Pinwheels are like little bites of heaven. So easy, so delicious, and guaranteed to make everyone happy And you never know….they might even bring out some secrets! (OR….a Super Bowl win!)
Bacon Cheddar Ranch Pinwheels

Bacon Cheddar Ranch Pinwheels

These Bacon Cheddar Ranch Pinwheels are the perfect party food! Loaded with bacon, cheddar cheese, and creamy ranch flavor, they're sure to become your new favorite party appetizer!
 Prep Time 10 minutes
 Total Time 10 minutes
 Servings 24
 Author Cathy Trochelman

Ingredients

  • 8 oz. cream cheese softened
  • 1/4 c. ranch dressing
  • 1/2 c. finely shredded cheddar cheese
  • 6 pieces bacon cooked and chopped
  • 1 Tbsp. minced chives
  • flour tortillas 6 small or 3 large
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Instructions

  1. In a small mixing bowl, combine cream cheese and ranch dressing. Mix until smooth.
  2. Stir in cheddar cheese, bacon, and chives.
  3. Spread in a generous layer over tortillas.
  4. Roll tortillas tightly and slice into 1 inch pieces. 
These Bacon Cheddar Ranch Pinwheels are the perfect party food! Loaded with bacon, cheddar cheese, and creamy ranch flavor, they're sure to become your new favorite party appetizer!
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