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!

PEACH PECAN CINNAMON BUNS – PEACHY CINNAMON ROLLS

I love this time of year when fresh peaches are ripe and ready. I made these Peach Pecan Cinnamon Buns because peaches, pecans and cinnamon are just natural together.  And because I really wanted cinnamon buns.

Nothing says summer to me like fresh ripe peaches. For many years we had a peach tree in the back yard, and I canned countless jars and made many cobblers. I'm always looking for new ways to use them each summer. No more tree, but we're very lucky to be able to get our peaches just picked straight from the orchard.



Cinnamon rolls are a  little bit of work, but they are so worth it if you are up to it, and so much better than anything you can buy in a store. Besides, your whole house will smell divine, for hours.


Peach Pecan Cinnamon Buns Recipe
Peaches and Pecans make these gooey, delicious cinnamon rolls even more delightful.



Ingredients

  • 2 tsp active dry yeast (one package)
  • 1 cup warm milk I used almond
  • 1/4 cup granulated sugar
  • 1/4 cup butter softened
  • 1/2 tsp salt
  • 2 large eggs at room temperature
  • 3 cups all-purpose flour
  • 1 1/2 cups packed brown sugar
  • 3 tbsp cinnamon
  • 3/4 cup butter melted
  • 1 1/2 cups chopped toasted pecans
  • 3 cups peaches pitted, and chopped (3-4 peaches)

Instructions

  1. In the bowl of a mixer dissolve yeast in warm milk.
  2. Add sugar, butter, salt, eggs and three cups of the flour to the bowl and using the dough hook attachment, mix on low (speed 2) until combined and dough comes together.
  3. Add more flour, in 1/4 cup measures, continuing to mix until dough cleans sides of bowl.
  4. Dough should be very slightly sticky.
  5. Shape dough into a ball and place in a greased bowl, turning to grease the top.
  6. Cover with plastic wrap and set in a warm place to rise until doubled in size, about an hour.
  7. While dough is rising, preheat oven to 350°.
  8. Spread pecans on a baking sheet and toast in the oven for 6 minutes, turning halfway through. Remove nuts from oven and allow to cool.
  9. Combine brown sugar, cinnamon, and melted butter to make the filling.
  10. Line a 9 x 13 baking pan with parchment paper
  11. Punch dough down to release air.
  12. On a lightly floured surface, roll out dough to form a rectangle about 18" by 12".
  13. Spread the cinnamon filling evenly over the dough. Sprinkle with pecans, then with chopped peaches.
  14. From the 18" edge, carefully roll the dough into a long roll.
  15. Cut the log into 12 equal rolls using a very sharp knife.
  16. Place the rolls in the parchment lined baking pan.
  17. Cover with a clean damp dish towel and allow to rise again in a warm location, about an hour.
  18. Bake in center of oven for 20-25 minutes, or until golden and a wooden skewer poked in the center comes out clean

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