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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!

Snickers Ice Cream Bars and Bites (vegan, raw)

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I am so excited to share these awesome little bites of Snickers goodness with you, my friends! I mean, FROZEN… SNICKERS… BITES….

Three ingredient raw chocolate encapsulates gooey homemade date caramel, peanuts, and a cool, frozen, (n)ice cream center. These cold candy bar bites are easy to put together. I can attest to this fact as I have made them three times now.


You do not need any special equipment to make these, no food processor, blender, or any other gadget. These can be made with dairy-free dark chocolate bars or by mixing up the 3-ingredient chocolate. The date caramel can be mixed in a food processor or by hand. They can be bars or bite-sized truffles.

Frozen Snickers Nice Cream Bites Recipe


Ingredients:

  • 2 large bananas, peeled
  • 1 recipe of my Best Date Caramel Ever (see instructions below if you do not have a food processor) you’ll need 15 soft medjool dates, almond butter, coconut oil, salt, and vanilla extract
  • 1/3 cup roasted peanuts, crushed or jungle peanuts (if you want them to be 100% raw go for the jungle peanuts)
  • 2 – 3.5 oz bars of dairy free dark chocolate, or 1/2 cup melted coconut oil + 1/2 cup cacao powder + 1/4 cup coconut nectar or maple syrup (use this option for raw bites)
  • large cookie sheet lined with parchment paper

Instructions:

  1. Make your caramel. Either follow the instructions for my Date Caramel using a food processor, or if you making by hand, place 15 pitted dates in a bowl and cover with hot water (I boil mine in the kettle). Let soften for about 3 min. Drain the water very well, and return dates to the bowl. Add 1 tbsp runny almond butter, 1 tsp vanilla, pinch of salt and 1 tbsp of coconut oil (optional – you can leave this out but it does add a buttery flavor). Now use a sturdy fork and mash, mash, mash away. Use your muscles! It works! Set your caramel aside.
  2. Prep your nanners. You can either slice them into thick rounds for bites, or make 2 inch rectangles by slicing a thin strip along the top and bottom for “bars.” Place the thick slices or rectangles on a cookie sheet lined with parchment paper.
  3. Add a teaspoon dollop of caramel to each banana, and sprinkle crushed peanuts on top. Press down gently so they stick in the caramel. Now place the pan in the freezer for about an hour.
  4. Melt/make your chocolate. Melt the dark chocolate bars using a double boiler (I put a small pot inside a larger pot with 3 inches of water and heat over medium heat). Pour the chocolate into a deep glass bowl. Or make your raw chocolate by gently melting the coconut oil and adding cacao and raw coconut nectar, whisking until smooth. Pour into a deep bowl.
  5. Take out your now frozen banana caramel bites and either dunk them in the chocolate syrup, and roll them around to coat evenly, or just dunk the bottom half and drizzle chocolate on top. Put them back on the parchment paper and pop into the freezer and store there until ready to eat. You can repeat the dunking process after 10 minutes if you want a thicker chocolate shell.


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