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!

FROZEN CARAMEL MACCHIATO RECIPE

Frozen caramel macchiato is so easy to make. Almond milk, flax seed meal, 2 shots of espresso and dark maple syrup. Topped with whipped cream and caramel.


Think how awesome it would be to be sipping these macchiatos while sitting on the porch swing!


You can get whole coffee beans that you can grind at home for those coffee connoisseurs .My personal favorites are the coffee grounds because all the hard work has been done for me.

Frozen Caramel Macchiato Recipe
Frozen caramel macchiato is so easy to make. blended Almond milk, flax seed meal, double strong coffee and dark maple syrup



Ingredients

  • 1 cup Dunkin Donuts Caramel Coffee Cake Coffee strongly brewed
  • 1 cup Almond milk or milk of your choice
  • 1 Tbsp Pure dark maple syrup
  • 2 cups ice cubes
  • 1 tsp Flax Seed Meal

For the garnish

  • Whipped cream optional
  • Caramel Sauce optional
  • 1 tsp cinnamon powder optional
  • 1 tsp sugar optional
  • 1/4 tsp sea salt optional

Instructions

  1. In a small bowl, mix the sugar, cinnamon and salt. Set aside
  2. In a blender, add the coffee, almond milk, maple syrup, ice cubes and flax seed meal
  3. Blend on low speed until the ice is crushed
  4. Transfer to 2 glasses

Assemble the drink

  1. Top the drinks with whipped cream
  2. Drizzle the caramel sauce
  3. Top with the cinnamon sugar mixture
  4. Enjoy!. 

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