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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!

HONEY LAVANDAR LATTES

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A floral, spiced, and slightly sweet lavender honey infused milk paired with your favorite cold brew. These dairy-free and refined sugar free lattes are a bright, refreshing way to start your day!
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Is there anything better than a bright, delicious iced latte on a warm summer morning?!?
It’s finally sunny here in Chicago after about a week straight of rain, and it’s putting a big smile across my face. Especially, since I’m sipping on one of these sweet floral lattes too!
This was my first time cooking with lavender. I was at the farmer’s market last weekend and stumbled upon a small bouquet of lavender while perusing the fresh herbs. It had this beautiful violet hue and fresh, floral aroma. It was literally the last bunch left, so I knew I had to snag it and create a new recipe using it.
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Iv’e seen lavender flavored coffee beverages at my local coffee shop. Now that I had lavender to use, it seemed like the perfect opportunity to create my own lavender coffee drink.
Plus, iced coffee is always a good idea!
Lavender and honey seemed like a perfect marriage. Both give that slightly floral accent of flavor. The honey also adds a hint of sweetness. Together with the coffee I knew would  be something truly magical. And boy was I right!!

LET’S GET TO MAKING LATTES.

First, let’s talk lavender. Lavender has this beautiful floral aroma with hints of lemon and mint. It adds a wonderful burst of flavor to this latte.
There are different forms of lavender. You can get a bunch of real lavender (like I picked up at my farmer’s market) or purchase dried culinary lavender. The dried lavender has a deeper flavor, so you need less of it. I recommend using dried lavender to ensure you achieve the perfect lavender flavor in the drink. You can order it from amazon!
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To make the honey lavender infused milk, add the milk, lavender buds, cloves, and ginger to a sauce pan. The cloves and ginger are optional but highly recommended. They add a hint of spice and warmth that pairs well with the lavender and elevates the flavor profile of the latte.
Bring the mixture to a soft boil (if it is a rolling boil, the milk could scald, which will leave it with a burnt taste) and allow to boil for one minutes. Take the mixture of the heat and top with a lid. Allow it to stand for 10 minutes, so the lavender can impart more flavor into the milk.
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Strain the mixture to remove lavender and spices. Stir in honey and vanilla. Store in fridge until it becomes cold.
It’s best when the infused milk is cold so it does not warm the iced latte (or melt the ice). You can infuse the milk the day before so you can easily assemble the latte in the morning.
When you are ready to make your latte, fill a glass with ice and top half with your favorite cold brew and half with the honey lavender infused milk. I recommend using a good cold brew or shot of expresso – that way the robust coffee flavor does not get lost in the mix.
Stir so the cold brew and milk are fully combined. Now time to enjoy your latte!
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Like I promised, this latte is magic. It has a beautiful floral aroma without being overpowering. The honey provides the perfect touch of rich sweetness that only honey can give. The cloves and ginger add a hint of spice that rounds out the floral notes. And you still get that robust coffee flavor for the bold cold brew.
Sippin’ on it now as I look out at the beautiful summer day and I’m one happy girl!
You deserve this happiness too, so go and make this latte! It will brighten your day ðŸ™‚

Ingredients

  • 16 oz cold brew
  • 1 ½ cups dairy free milk
  • 1 teaspoon dried lavender
  • 2 teaspoons honey
  • 1 teaspoon vanilla
  • ½ teaspoons cloves optional*
  • 1 teaspoon ground ginger optional*
  • Dash sea salt

Instructions

  1. In a sauce pan, combine the dairy free milk, dried lavender, cloves and ginger* and bring to a soft boil. Allow to simmer for 1 minutes. Turn off heat and add lid to pot and let sit for ten minutes (this allows the spices and lavender to impart their flavor into the milk). Strain the mixture to remove lavender buds and cloves. Stir in honey and vanilla. Store in fridge so it becomes cold.**
  2. Fill a tall class with ice. Add half cold brew and half honey lavender infused milk. Stir and garnish with lavender flowers.
  3. Serve and enjoy!

Recipe Notes

*The cloves and ginger are optional. They will add a little spice and warmth to the milk. I've tried both ways and think the ginger and cloves are a wonderful addition and gives the drink a little kick without overpowering the lavender. **I recommend making the infused milk the day beforehand so it is nice and cold when you want to make your latte.
all image & recipes adapted by daniliciousdishes.com

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