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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!

Glazed Eggnog Bread

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Glazed Eggnog Bread is packed with the sweet eggnog flavors you love….in a delicious dairy free bread recipe that’s perfect for the holidays! Best of all, it’s made with Silk Soy Nog for a dairy-free breakfast treat that everyone can enjoy!
This Glazed Eggnog Bread is packed with the sweet eggnog flavors you love....in a delicious bread that's perfect for the holidays! Best of all, it's made with Silk Soy Nog for a dairy-free breakfast treat that everyone can enjoy!Save
I partnered with Silk to bring you this recipe. Thank you for supporting the brands that make Lemon Tree Dwelling possible!

It’s fascinating how certain things from childhood stand out in our memories…especially when it comes to holiday celebrations. Some of them because we did them every year, like making Christmas cookies and putting up decorations and looking through boxes of ornaments while listening to The Muppets Christmas record. And some because we did them once or twice, and they made such an impression that I still remember them to this day.
Silk Soy Nog - dairy free eggnogSave

There was one year, in particular, that was full of special little one-time things. It was the year that half my family was in a Christmas play at our local community theater. My mom was Mrs. Claus, my sister was in the chorus, and I had a teeny tiny little part where I literally just ran across the stage. I guess acting wasn’t really my thing….but in so many ways, being involved in that play was such a great experience!
This Glazed Eggnog Bread is packed with the sweet eggnog flavors you love....in a delicious bread that's perfect for the holidays! Best of all, it's made with Silk Soy Nog for a dairy-free breakfast treat that everyone can enjoy!Save

And the fact that it was during the holiday season was even better. I mean – having your mom be Mrs. Claus-? How fun is that!? It almost made up for the fact that my teeny tiny {non-speaking} part nearly made me sick from nerves. Like I said….acting (if you want to call it that) was really not my thing!
This Glazed Eggnog Bread is packed with the sweet eggnog flavors you love....in a delicious bread that's perfect for the holidays! Best of all, it's made with Silk Soy Nog for a dairy-free breakfast treat that everyone can enjoy!Save

What WAS my thing? All the fun leading up to the play….and all the fun after! I specifically remember a holiday cast party at the end of it all, complete with Christmas caroling, holiday treats galore, and the BEST eggnog. I’m pretty sure I drank way more than my share of it, and to this day, every time I have a glass, I get a little nostalgic.
This Glazed Eggnog Bread is packed with the sweet eggnog flavors you love....in a delicious bread that's perfect for the holidays! Best of all, it's made with Silk Soy Nog for a dairy-free breakfast treat that everyone can enjoy!Save

As an adult, I love the fact that I have such great holiday memories. And I love the idea of creating the same types of memories for my girls! Hosting a holiday party has always been on my wish list, and this might just be the year to make it happen. Complete with caroling, treats galore, and, of course, NOG!!! I recently discovered Silk Soy Nog and must say – it’s a delicious alternative to traditional eggnog! It’s made without eggs, dairy, or saturated fat, which means it can be more of a “guilt-free” treat. And it’s the perfect drink to serve at a party, especially in the age of so many food intolerances.
This Glazed Eggnog Bread is packed with the sweet eggnog flavors you love....in a delicious bread that's perfect for the holidays! Best of all, it's made with Silk Soy Nog for a dairy-free breakfast treat that everyone can enjoy!Save

Also? The soy nog is absolutely perfect in this Glazed Eggnog Bread recipe, which is also dairy-free!

Cheers to holiday traditions, delicious treats, guilt-free nog, and making memories. What are your favorite holiday treats and traditions?
This Glazed Eggnog Bread is packed with the sweet eggnog flavors you love....in a delicious bread that's perfect for the holidays! Best of all, it's made with Silk Soy Nog for a dairy-free breakfast treat that everyone can enjoy!Save

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Glazed Eggnog Bread

This Glazed Eggnog Bread is packed with the sweet eggnog flavors you love....in a delicious bread that's perfect for the holidays! Best of all, it's made with Silk Soy Nog for a dairy-free breakfast treat that everyone can enjoy!
 Prep Time 10 minutes
 Cook Time 1 hour
 Total Time 1 hour 10 minutes
 Servings 1 loaf
 Author Cathy Trochelman

Ingredients

  • 2 1/2 c. all-purpose flour
  • 1/2 c. granulated sugar
  • 1/2 c. packed brown sugar
  • 3 1/2 tsp. baking powder
  • 1 tsp. salt
  • 3 Tbsp. vegetable oil
  • 1 1/4 c. Silk Soy Nog
  • 1 egg
  • 1/2 tsp. nutmeg
  • 1/4 tsp. rum extract
  • For Glaze:
  • 1 c. powdered sugar
  • 1 Tbsp. Silk Soy Nog
  • 1/8 tsp. nutmeg
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Instructions

  1. Combine all ingredients in a large mixing bowl; stir or beat with a hand mixer until well combined.
  2. Pour into a greased loaf pan.
  3. Bake at 350 degrees 55-65 minutes or until center is set and top is golden brown.
  4. Remove from oven; cool 10-15 minutes in pan.
  5. Loosen sides of loaf from pan; remove and cool completely on a wire rack.
  6. Prepare glaze by combining all ingredients in a small bowl and mixing until smooth. (Add more nog to reach desired consistency.)
  7. Drizzle evenly over bread.
  8. *Glaze will harden at room temperature.
This Glazed Eggnog Bread is packed with the sweet eggnog flavors you love....in a delicious bread that's perfect for the holidays! Best of all, it's made with Silk Soy Nog for a dairy-free breakfast treat that everyone can enjoy!Save



 For more recipes, a free digital holiday recipe book, a coupon, and more, visit www.silk.com/holidays

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