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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!

LUCKY CHARMS MILKSHAKE

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This Lucky Charms Milkshake will remind you of your childhood and the milk at the end of the cereal bowl. This breakfast shake is a great quick snack or easy dessert idea.
Lucky Charms Milkshake. Creamy vanilla ice cream blended with Lucky Charms and marshmallow fluff and topped with whipped cream and Lucky Charms marshmallows!Save


 I have a confession to make. I’m not really much of a cereal person. I think it’s safe to say I never really have been….although there was a time in my life when certain cereals held a certain allure. Growing up, our cereal choices mainly consisted of Cheerios, Wheaties, Crispix, Shredded Wheat……you get the picture. Healthy. Except for two days a week – Tuesdays and Saturdays. Those were our official “sugar cereal” days, and on those days our choices looked more like Apple Jacks, Trix, Frosted Flakes, Cinnamon Toast Crunch, Cookie Crisp….!!! Needless to say, we all looked forward to Tuesdays and Saturdays!
Lucky Charms Milkshake. Creamy vanilla ice cream blended with Lucky Charms and marshmallow fluff and topped with whipped cream and Lucky Charms marshmallows!Save

 These days, though? You’d be hard pressed to find me eating a bowl of cereal…..even if it’s of the “sugar cereal” variety. I’m not sure if it’s because of my strong love of coffee and the fact that cereal and coffee don’t really mesh…..or if it’s because I’m really just not a fan of eating my breakfast with a spoon…..but whatever it is, I’d pass on cereal most any day of the week. What can I say? It’s just not my thing!

Lucky Charms Milkshake. Creamy vanilla ice cream blended with Lucky Charms and marshmallow fluff and topped with whipped cream and Lucky Charms marshmallows!Save
Lucky Charms Milkshake – A delicious treat

 On the flip side, there’s Jorden, who will eat cereal in place of dessert. And my kids, who raid the cabinet for cereal every morning and can polish off a box between them in no time flat! Especially if it’s something like Lucky Charms. I have to admit – I have fond childhood memories of Lucky Charms…..of saving all the marshmallows until the very end…..and then drinking the sweet marshmallow milk at the bottom of the bowl. If you’re going to eat cereal, Lucky Charms is where it’s at. No doubt about it!
Lucky Charms Milkshake. Creamy vanilla ice cream blended with Lucky Charms and marshmallow fluff and topped with whipped cream and Lucky Charms marshmallows!Save


Well, since St. Patrick’s Day is right around the corner, I couldn’t help but buy a box of them. It’s a St. Patrick’s Day MUST! And once you try these Lucky Charms Milkshakes, they’ll be a St. Patrick’s Day must, too! They’re everything you love about the cereal (hint: marshmallows!!!!) in milkshake form. In fact, they taste just like the delicious, sweet, marshmallowy milk at the bottom of the bowl. It’s a taste everyone can get behind……cereal lover or not! Happy St. Patrick’s Day, my friends! Enjoy!
Lucky Charms Milkshake. Creamy vanilla ice cream blended with Lucky Charms and marshmallow fluff and topped with whipped cream and Lucky Charms marshmallows!Save


Lucky Charms Milkshake Recipe

This Lucky Charms Milkshake will remind you of your childhood and the milk at the end of the cereal bowl.

Lucky Charms Milkshake

 Prep Time 5 minutes
 Total Time 5 minutes
 Servings 2
 Author Cathy Trochelman

Ingredients

  • 3 c. vanilla ice cream
  • 1 c. milk
  • 1 c. Lucky Charms cereal
  • 1/2 c. marshallow fluff
  • whipped cream
  • extra Lucky Charms marshmallows for garnish
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Instructions

  1. Blend ice cream, milk, Lucky Charms, and marshmallow fluff in a blender until desired consistency.
  2. Top with whipped cream and marshmallows.
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