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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!

PALEO MORNING GLORY QUICK BREAD

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Grain-free, refined sugar-free, dairy-free paleo morning glory quick bread – with all the flavors of morning glory muffins, and easily prepared in your blender, this quick bread is a marvelous go-to treat.


Have you noticed the features of the morning glory muffin are nearly identical to the features of carrot cake? Carrots, applesauce, walnuts, shredded coconut, sometimes raisins, sometimes pineapple? Depending on your approach to either, the two can be one and the same.

This bread is everything a good quick bread should be: tender and moist, dense, but airy, sweet but not too sweet, fluffy, full of flavor, the perfect accompaniment to your mug of coffee or tea. Just like carrot cake, there are plenty of ways you can make this recipe your own.

PALEO MORNING GLORY QUICK BREAD RECIPE
Grain-free, refined sugar-free, dairy-free paleo morning glory quick bread – with all the flavors of morning glory muffins, and easily prepared in your blender, this quick bread is a marvelous go-to treat.



INGREDIENTS

  • 3 large eggs
  • 1/3 cup pure maple syrup
  • 1/4 cup olive oil see note*
  • 1 tablespoon fresh lemon juice
  • 2 teaspoons orange zest
  • 1-1/2 cups almond flour
  • 1/2 cup tapioca flour
  • 2 teaspoons baking powder
  • 1/2 teaspoon baking soda
  • 2 teaspoons ground cinnamon
  • 1/2 teaspoon sea salt
  • 1-1/2 cups grated carrot
  • 1/2 cup grated apple about 1/2 an apple
  • 1/3 cup raw walnuts chopped
  • 2/3 cup unsweetened shredded coconut plus more for garnish

INSTRUCTIONS

  1. Preheat the oven to 375 degrees F and oil or spray a loaf pan.
  2. Add the first 11 ingredients (eggs through salt) to a blender and blend until smooth. Stir in the remaining ingredients until the batter is well-combined.
  3. Transfer the batter to the prepared loaf pan and bake on the center rack of the oven for 30 to 40 minutes, or until bread is golden-brown and firm in the center. Turn off the oven and allow the bread to sit in the hot oven for 5 more minutes. (note: If desired, sprinkle some shredded coconut and sunflower seeds on top of the bread during the last 5 to 10 minutes of baking for garnish.)
  4. Remove the bread from the oven and allow it to cool 1 hour before cutting. When ready to cut, run a knife along the edge of the bread and turn it out onto a cutting board. Cut thick slices and enjoy!

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