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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!

VEGAN CHIA SEED PANCAKES

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Today’s my pancakes variation uses the wonderful, amazing, superstar superfood, and my personal favourite seed, the chia seed.  I’m a huge fan of chia pudding for breakfast because it’s just so convenient and delicious. My favourite variety lately is made with oats, peanut butter, a wee bit of maple syrup, almond milk and banana. It’s sweet and salty and so delicious.


Since I love chia just so damn much, and I have new found love of pancakes, I thought, why not combine the two? It was another pancake success for me !!

About these vegan chia seed pancakes. For one, they’re delicious. For two..no oil needed! For three…they’re super easy to make with simple ingredients.


I used pure maple syrup to sweeten them but if you can use another sweetener if you prefer, such as agave, raw sugar, stevia drops or another sugar substitute like xylitol. I’ve added baking powder and apple cider vinegar to help get these babies to fluff right up. I used almond milk for the liquid but you can use any plant-based milk or even water. Once you’re cooking, for best results make sure you wait until they bubble in the middle to flip them.

Vegan Chia Seed Pancakes Recipe
These chia seed pancakes are easy to make, light and fluffy. Try them topped with banana, berries and pure maple syrup for a delicious vegan breakfast.



INGREDIENTS

  • 1 1/2 cups all-purpose flour
  • 1 tbsp baking powder
  • 1 tsp sea salt
  • 3 tbsp chia seeds
  • 3 tbsp maple syrup (or other sweetener of choice)
  • 1 1/2 cup almond milk
  • 1 tsp apple cider vinegar
  • 1 tsp cinnamon (optional, adds flavour)
  • 1 tsp pure vanilla extract (optional, adds flavour)

INSTRUCTIONS

  1. Mix all the dry ingredients together in a bowl.
  2. Add the almond milk, vanilla, maple syrup and ACV and stir until “just mixed.”
  3. Let sit for 5-10 minutes so the chia can work it’s magic.
  4. Cook in approximately 1/4 cup scoops over medium heat in a lightly oiled non-stick pan.
  5. Flip when bubbles appear in the middle of each pancake.
  6. Cook for another 3-5 minutes on the other side.
  7. Makes approximately 10 pancakes

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