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!

WORLD’S BEST BROWNIES

Looking for the best homemade brownies recipe? Yes, really. This from scratch recipe is everything: Fudgy, chewy and with that awesome brownie crackle on top!
You’ve come to the right place for the most amazing of chewy and fudge desserts!
These are made from scratch with a simple and easy batter full of melted chocolate, chopped pecans and two kinds of chocolate chips.
The rich cocoa taste in these is unbelievable and they turn out as gooey and moist as possible.
Looking for the best homemade brownies? Yes, really. This from scratch recipe is everything: Fudgy, chewy and with that awesome brownie crackle on top! They are so easy to make, the perfect family baking activity for the weekend. Nobody will be able to resist the pecans and two kinds of chocolate chips in there.
Are brownies awesome or what?! All this chocolatey, fudgy, chewy, gooey goodness crammed into one bite – irresistible!
Though I have to warn you: If you don’t handle recipes containing lots of sugar/butter/chocolate and the such well then I suggest you have someone else make then for you.
Because while not actually making them is an option, not trying them most certainly isn’t! They are the best brownies in the entire world after all!
Speaking of ridiculous ingredient amounts – I usually make these Brownies at ski camp a.k.a. 50 people wanting to eat 24/7 a.k.a. Branimir and me in the kitchen from morning to night.
The first time we cooked at this camp I was totally overwhelmed by the masses of food we had to handle. Actually it gets me every time.
Desserts are the worst. Cream 60 eggs with an infinite amount of sugar? At first it’s scary, then it gets fun and by the end of the week I’m all like “What, just 12 cups of butter? That can’t be right!”
One bite and you'll forget you ever tasted boxed brownies! This is hands down the BEST homemade recipe I ever tried.
But the best part is going back home and cooking for just two people.
The first weekly shopping trip usually ends with us thinking we couldn’t possibly survive with such little food for more than a day. When in reality we could probably go on a year-long expedition to the North Pole and still manage to gain weight.
And oh, the cooking…
I have to remind myself every time for the first week or so that stir-fry vegetables for Branimir and me don’t require a cup of oil. And that there’s absolutely no use in making a pound of Spaghetti (or two, of three…) if it’s just the two of us.
So when a woman last year asked me for the brownie recipe (because they are that good and everybody eats at least ten in one sitting – well, no, not ten, but most certainly more than one!) I had to go get my ski camp food folder and try to convert a recipe intended for about 80 servings into one for about 12 servings.
To say I was a bit embarrassed to show an ingredient list containing about as many calories as one person requires in a lifetime would be a gross understatement…
Now I have since perfected this recipe for a small batch (OK, more like regular size batch) and I’m sharing it with you today!
Because how could I keep it from you – we all are virtual foodie friends after all and real friends don’t keep the best brownie recipe to themselves. That would just be plain rude!
Gaaaah, just look at them!
Saying these are the best ever brownies is a gross understatement. Perfectly chewy, these can be yours with just a little bit of work!
They are just moist enough in the middle and get that crackly top every real brownie needs, not to mention the vast amounts of chocolate chips (there are white ones in there too!) and pecans.
They really are quite the beauties and would totally win a brownie beauty pageant.
Guys, I got to stop here or else I’ll get out the original recipe and eat nothing but brownies for the rest of my life!

INGREDIENTS

  • 10.5 oz semi sweet chocolate
  • 6 tablespoons butter
  • 3 eggs
  • 3/4 cups sugar
  • Pinch of ground vanilla OR seeds from 1/2 a pod OR a few drops vanilla extract
  • Pinch of salt
  • 1 cup flour
  • 1/2 cup pecan nuts roughly chopped
  • 1/2 cup white chocolate chips

INSTRUCTIONS

  1. Preheat the oven to 300°F and line an 8x8 inch baking pan with parchment paper.
  2. Melt the chocolate and butter together.
  3. Cream together the eggs, sugar, vanilla and salt in a medium bowl. Vigorously whisk in a small amount of the chocolate mixture to temperate the eggs before mixing in all of it.
  4. Sift in the flour. Fold in the pecans and white chocolate chips.
  5. Pour the batter into the prepared pan and bake for 35-45 minutes, depending on how fudgey or set you like your brownies.

all imgae & recipes adapted by www.savorynothings.com

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