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!

Blackberry Lavender White Chocolate Scones.

Scones just never really excited me, but then the potential post title, “blackberry lavender white chocolate scones” popped into my head and I was sold. It just sounded so good! Plus, I felt like these scones were just meant to be, seeing as I had two pints of blackberries simply sitting in my fridge waiting to be baked.


The combo of sweet blackberries to flora lavender really, really works. They don’t overpower each other, but instead compliment each other tastefullly. It’s a magical thing.

Soo, you can serve these at brunch, bake them as an afternoon snack, or ooh… maybe even add them as a lunch box treat for back to school or a work lunch? Yes, do that too! I highly recommend eating these warm, right out of the oven. They are bestest that way, but they are still delish once cooled, or even the next day!

BLACKBERRY LAVENDER WHITE CHOCOLATE SCONES RECIPE
I wasn't really expecting to love them as much as I do, but man, I do LOVE them!


INGREDIENTS
  • 2 1/2 cups all-purpose flour
  • 2 tablespoons granulated sugar
  • 1 tablespoon baking powder
  • 1/2 teaspoon salt
  • 8 tablespoons unsalted butter grated on a box grater just like cheese
  • 1 egg
  • 3/4 cup buttermilk + more for brushing
  • 1 tablespoon vanilla extract
  • 1 1/2 cups fresh or frozen blackberries
  • 1/2-1 cup white chocolate chips
LAVENDER GLAZE
  • 1/3 cup milk
  • 2 tablespoons butter
  • 1 tablespoon dried lavender use 2 teaspoons for a less intense flavor
  • 1 cup powdered sugar
INSTRUCTIONS
  1. Preheat the oven to 400 degrees F. Line 2 baking sheets with parchment paper.
  2. In a mixing bowl, combine the flour sugar, baking powder, and salt. Add the butter and toss with the flour. Add the egg, buttermilk and vanilla. Mix until just combined, being careful not to overmix. Fold in the blackberries and white chocolate chips.
  3. Turn the dough onto a floured surface and then pat into 1-inch-thick square. Cut the dough into 2 inch squares. Place pieces, about 2 inches apart on the prepared baking sheets. Brush each piece with buttermilk.
  4. Bake until golden brown, 15 to 18 minutes, rotating sheets halfway through. Let the scones cool slightly and then drizzle with the lavender glaze (see below). Serve warm with butter.

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