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!

CINNAMON SUGAR SOFT PRETZEL BITES

Cinnamon Sugar Soft Pretzel Bites - These cinnamon sugar sbites are perfect soft pretzels with a chewy pretzel crust coated in cinnamon sugar. Perfect served with a warm cream cheese dip!

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Ever since I made my soft pretzel bites last year I have been wanting to try homemade cinnamon sugar soft pretzel bites! Well, I finally had an excuse to make them and now I’m wondering why I didn’t do it sooner!?
These soft pretzel bites are perfectly soft in the middle, with a chewy soft pretzel crust, and are coated in cinnamon sugar! These pretzel bites are best eaten warm and fresh, but if you’re going to eat some the next day zap them in the microwave for about 10 seconds to warm them up!
Cinnamon Sugar Soft Pretzel Bites - These cinnamon sugar sbites are perfect soft pretzels with a chewy pretzel crust coated in cinnamon sugar. Perfect served with a warm cream cheese dip!

They’re delicious plain or dipped in a warm cream cheese frosting! I made up a quick altered version of my cream cheese frosting (because its the best ever!) and it was the perfect dip for these cinnamon sugar bites!
Cinnamon Sugar Soft Pretzel Bites - These cinnamon sugar sbites are perfect soft pretzels with a chewy pretzel crust coated in cinnamon sugar. Perfect served with a warm cream cheese dip!
They’re perfect for a fun party, (aka when you’ll be watching the super bowl in a couple weeks!?) or just when you’re craving some soft pretzels from the mall! Now you can make them at home whenever you want, and they take less than an hour to whip up!
Cinnamon Sugar Soft Pretzel Bites - These cinnamon sugar sbites are perfect soft pretzels with a chewy pretzel crust coated in cinnamon sugar. Perfect served with a warm cream cheese dip!
Cinnamon Sugar Soft Pretzel Bites
Prep Time
10 mins
Cook Time
15 mins
Total Time
25 mins
 
These cinnamon sugar soft pretzel bites are perfect soft pretzels with a chewy pretzel crust coated in cinnamon sugar. Perfect served with a warm cream cheese dip!
Servings60 -72 bites
Ingredients
For the Soft Pretzels:
  • 2 1/4 tsp instant yeast
  • 1 1/2 cups warm water
  • 1 tsp salt
  • 1 TBS brown sugar
  • 2 TBS melted butter
  • 4 cups flour
  • 1 large egg + 1 TBS water
For the Baking Soda Bath:
  • 9 cups water
  • 1/2 cup baking soda
For the Cinnamon Sugar Coating:
  • 1/4 cup melted butter
  • 3/4 cup sugar
  • 3 tsp cinnamon
For the Cream Cheese Dip:
  • 4 oz cream cheese softened)
  • 1/4 cup butter (softened)
  • 1/2 tsp vanilla
  • 1 1/2 cups powdered sugar
Instructions
For the Pretzels:
  1. Dissolve your yeast in your warm water in a large bowl. Stir together for about 1 minute until mostly combined.
  2. Add in your salt, sugar and butter and stir everything together.
  3. Add in your flour, 1 cup at a time until dough is thick and no longer sticky. Add more flour 1 TBS at a time if needed to make sure dough isn't sticky. (Poke dough with your finger, and dough should bounce back - then it is ready)
  4. Lightly flour a flat surface.
  5. Knead your dough for 3 minutes and form into a ball.
  6. Oil a large bowl with nonstick spray and place dough in. Cover bowl with a towel and place in a warm area.
  7. Allow to rest in warm area for about 30 minutes.
  8. Preheat your oven to 425 degrees.
  9. Bring 9 cups of water with ½ cup of baking soda to boil.
  10. Cut your dough ball into 6 sections.
  11. Roll each section into long ropes about 20-22 inches long.
  12. Cut each rope into about 10-12 1.5 inch pieces.
  13. Drop one rope worth of pretzel bites into your baking soda bath and let sit for 20-30 seconds. Remove with a slotted spoon and place on a baking sheet lined with parchment or a silicone liner.
  14. Beat together your egg and 1 TBS water in a small bowl.
  15. Brush egg over each pretzel bite and place on prepared pan.
  16. Place in oven and bake for 15 minutes or until pretzel tops are a nice golden brown.
  17. Remove from oven.
  18. Combine sugar and cinnamon in a small bowl.
  19. Dip each pretzel bite into melted butter then into cinnamon sugar mixture.
  20. Set back on tray and repeat with additional pretzel bites.
For the Cream Cheese Dip:
  1. Mix together your butter and cream cheese until smooth.
  2. Add in your powdered sugar and vanilla and mix until completely combined. (Add in milk 1/2 TBS at a time, if needed to make dip softer and smoother) Microwave for 20 seconds to reheat if you're not using immediately.

MORE RECIPES @ lmld.org

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