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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!

HOMEMADE SPICED APPLE CIDER

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Homemade Apple Cider is so easy to make and tastes soooo much better than store-bought, I promise!!
It's so easy to make your own spiced apple cider at home! Try it and you'll love it!Save

There are a few signs of Christmas that you can always rely on, like Christmas trees popping up for sale and houses in the neighborhood being covered in lights. But you’ll never miss the giant stack of apple cider on display when you walk into any store after December 1st. That’s the official word!
It’s that cloudy brown liquid made from fresh apples and kept unfiltered so it isn’t as pure as regular apple juice. And can we talk about the spices that are added, giving the cider the familiar spiced taste we all love! Whole cloves, ground allspice and cinnamon sticks are left steeping in the apple juice turning it into the drink we all love to sip on when you’re freezing your butt off at the Christmas parade!
Homemade apple cider packed with flavorful spices!Save

This recipe makes a lot so you can either make half or go big and store it in the fridge for all of December, but I’m not sure it’ll last that long! The recipe is a family one, coming from my wife’s Mom who made it when her kids were young too! Sometimes the classics are the best. Regular apple juice is warmed in a pot with some orange juice concentrate, honey, cloves, all spice and cinnamon!
Bring the whole mixture to a low simmer and cook for about 15 minutes. That’s it!
Garnish with some extra apple slices and a cinnamon stick, I also won’t judge if you add a shot of bourbon…you know, just for keeping warm!
Yummy apple cider with fresh apples and cinnamonSave


HOMEMADE SPICED APPLE CIDER 

COURSE: DRINKS

CUISINE: AMERICAN

PREP TIME: 10 MINUTES

COOK TIME: 15 MINUTES

TOTAL TIME: 25 MINUTES

SERVINGS: 12 PEOPLE

CALORIES: 120 KCAL

AUTHOR: FOODNESSGRACIOUS
Yummy fresh apple cider with warm spices, perfect for Christmas celebrations!
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INGREDIENTS

  • 1 gallon apple juice
  • 1/4 cup honey
  • 6 ounces frozen orange juice concentrate
  • 1 tbsp whole cloves
  • 4 whole cinnamon sticks
  • 1 tsp ground allspice

INSTRUCTIONS

  1. Mix all ingredients together in a large pot.
  2. Bring to a low simmer and cook for 15 minutes
  3. Using a sieve or slotted spoon, lift out the whole cloves and discard.
  4. Serve warm with slices of fresh apples or store in the refrigerator and drink cold.
Nutrition Facts
Homemade Spiced Apple Cider
Amount Per Serving
Calories 120
* Percent Daily Values are based on a 2000 calorie diet.
more recipes @ foodnessgracious.com

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