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!

STRAWBERRY LAVENDER LEMONADE

This homemade fresh Strawberry Lavender Lemonade is mega-refreshing and still perfect for the last weeks of summer! Make a giant pitcher of it and keep it in the fridge ready to pour.

I’m all about trying to incorporate herbs into sweet food and drink recipes because most of the time, it works! I say “most” only because their have been a few instances where basil and pineapple tasted like soap and mint and rhubarb just couldn’t get along together.
Previous winners have been this Mango and Basil Spritzer and Strawberry Mint Daiquiri.
This recipe isn’t rocket science, there’s a million lemonade recipes available and I can’t really take the credit for this one. The idea came from a recent trip to the central coast of California.
The family and I sat down for dinner at The Granada Hotel and Bistro in downtown San Luis Obispo. The server gave my kids some options and Q decided to have Strawberry Lavender Lemonade. I raised an eyebrow but remembered this is the kid who will mow down an entire sashimi salad and throw back oysters at age six.
He loved the lemonade.

So I promised him I’d make it when we got back home. Between part of a recipe from Epicurious and lot’s of taste testing I ended up with a pretty tasty version close to Granada Bistro’s strawberry lavender lemonade.
It’s so easy and try buying the dried lavender from a store that offers it from the bulk bins. You won’t need that much, in fact I paid 25 cents for almost a cup.
The fresh lavender stems came from a neighbors front yard, score!

Fresh strawberries, lemon juice, sugar and water is all that you need. You could switch out the sugar for agave if you prefer, just wait until the lemonade is made and then whisk the agave in a little at a time until you hit a spot that you like.
You can keep this kid-friendly or, of course you can add any kind of fizzy booze you like. Prosecco, Champagne or just white wine will turn it into a pretty awesome strawberry lavender lemonade sangria!
I just gave you two recipes in one post.
You’re welcome (insert wink emoji here)




STRAWBERRY LAVENDER LEMONADE 

COURSE: DRINKS

CUISINE: AMERICAN

PREP TIME: 10 MINUTES

TOTAL TIME: 10 MINUTES

SERVINGS: 6 PEOPLE

CALORIES: 210 KCAL

AUTHOR: FOODNESSGRACIOUS
This homemade fresh Strawberry Lavender Lemonade is mega-refreshing and still perfect for the last weeks of summer! Make a giant pitcher of it and keep it in the fridge ready to pour.

INGREDIENTS

  • 1 cup fresh squeezed lemon juice about 6-7 lemons
  • 1 pound strawberries green cut off
  • 1 tablespoon dried lavender seeds
  • 3/4 cup sugar
  • 7 cups cold water
  • Fresh strawberries for garnish

INSTRUCTIONS

  1. Add 3 tablespoons of the lemon juice and strawberries to a blender and puree.
  2. Pass the mixture through a sieve pressing hard to get all of the strawberry juice into a small bowl.
  3. Add the mixture back into the blender and add the lavender seeds and rest of the lemon juice.
  4. Blend for about 30 seconds.
  5. Transfer the liquid to a large jug or pitcher.
  6. Add the sugar and water and whisk until the sugar has dissolved.
  7. Taste and add more water if preferred.
  8. Store in the fridge or add some frozen strawberries or ice cubes and serve at once.

RECIPE NOTES

Recipe adapted from Epicurious.com and inspired from The Granada Bistro
Nutrition Facts
Strawberry Lavender Lemonade
Amount Per Serving
Calories 210
* Percent Daily Values are based on a 2000 calorie diet.
 more recipes @ foodnessgracious.com

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