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!

ZUCCHINI CHEDDAR CHEESE SAVORY MUFFINS

These zucchini cheddar cheese savory muffins are super delicious! Zucchini keep the muffin moist and the cheddar cheese adds a lot of flavor!


And the recipe is very easy and takes only 35 minutes. There’s no long list of ingredients or complicated preparation involved, simply add the wet ingredients to the dry ingredients, stir with a wooden spoon until just combined and you are ready to go.

Customize the muffins to suit your personal taste: use your favorite cheese instead of cheddar, spinach instead of zucchini, add corn, ham, jalapeno, etc.

ZUCCHINI CHEDDAR CHEESE SAVORY MUFFINS RECIPE
These zucchini cheddar cheese savory muffins are super delicious, moist and full of flavor.


INGREDIENTS

  • 360 grams (3 cups) all-purpose flour
  • 2 1/2 teaspoons baking powder
  • 1 teaspoon salt
  • 1/4 teaspoon freshly ground pepper
  • 220 ml (1 cup minus 1 1/2 tablespoon) skim milk you can use whole milk
  • 1 large egg
  • 2 tablespoons extra virgin olive oil
  • 130 grams (4.6 ounces) grated zucchini
  • 100 grams (3.5 ounces) reduced fat cheddar cheese grated
  • 1 spring onion finely chopped
  • 1 tablespoon fresh thyme chopped

INSTRUCTIONS

  1. Preheat the oven to 170 degrees C (325 degrees F) and grease a muffin pan.
  2. In a large mixing bowl, combine the flour, baking powder, salt, pepper and set aside.
  3. Whisk the milk, egg, and oil together. Add the wet ingredients to the dry ingredients and whisk until just incorporated.
  4. Stir in the zucchini, cheddar cheese, spring onion and thyme with a wooden spoon until evenly dispersed.
  5. The batter will be very thick, it's ok.
  6. Spoon the batter into the prepared muffin tin (about 3/4 full) and bake for 30-35 minutes or until the tops are just golden and a skewer inserted in the center comes out clean.
  7. Allow the zucchini cheddar cheese savory muffins to cool in the pan for at least 10 minutes before removing.
  8. Store leftover muffins in an airtight container at room temperature for up to 3 days.
  9. Enjoy!

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