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!

AVOCADO MUG CAKE

This naturally green colored avocado mug cake is light, fluffy and delicious.!!


This cake reminds me of spring so much. I love the natural light green. I couldn’t help but devour up every single test cake. Usually I can control myself and just take a few bites of each one if I’m making several test versions, but because this is one of my favorite shades of green, I just felt the need to shove every single crumb into my mouth so they wouldn’t go to waste.

AVOCADO MUG CAKE RECIPE



INGREDIENTS:

  •  2 tbsp fully mashed avocado see note
  •  4 tbsp all purpose flour
  •  3 tbsp granulated white sugar
  •  1/2 tsp baking powder
  •  2 1/2 tbsp milk
  •  1/2 tbsp vegetable oil

Note: **Please note 2 tbsp of mashed avocado is not the same as scooping out 2 tbsp of avocado and mashing it. You need to mash your avocado first and then measure out 2 tbsp. I would start with mashing half a medium avocado. To fully mash, you will want to use very ripe avocados making them easier to mash and you want to mash until there are virtually no chunks remaining (otherwise you'll have bits of unsweetened avocado in your cake).

INSTRUCTIONS :

  1. Add all ingredients into a microwave safe mug. To get a cake that will rise to the brim, use an 8 oz mug. You can use a bigger mug as well, it just won't rise as high. Make sure you don't use smaller than 8 oz, otherwise the cake will overflow.
  2. Mix with a small whisk until a smooth batter forms. Make sure you have mashed any avocado pieces. Cook in the microwave for about 1 minute 20 seconds. Your time may vary slightly. Mine took exactly 1 minute 20 seconds on a 1000 watt microwave. Let cake cool a few minutes before eating. Cake is best consumed within a few hours of it being cooked.

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