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!


Lemon-flavored cheesecake cookies that are soft and chewy with a simple lemon glaze.!!

These aren’t your typical cookie, but they may just become your new favorite dessert! If you like cheesecake, lemon-flavors, and/or soft cakey cookies you are going to go crazy for these lemon cheesecake cookies!

They really taste like a miniature cheesecake in cookie form and they are so different from your typical chocolate-chip or peanut butter cookies.

Soft Lemon Cheesecake Cookies Recipe 
The softest lemon cheesecake flavored cookies. Lemon-flavored cheesecake cookies that are soft and chewy with a simple lemon glaze.!!


  • 3/4 cup white sugar
  • 1/4 cup (4 tablespoons) butter
  • 4 ounces full-fat cream cheese
  • 1 large egg
  • 1 teaspoon vanilla extract
  • 1 teaspoon lemon extract
  • 2 teaspoons fresh lemon juice
  • 1 tablespoon lemon zest
  • 1 and 1/4 cup white flour
  • 1/2 teaspoon baking powder
  • 1/4 teaspoon salt
  • 1/2 teaspoon cornstarch
  • 2 tablespoons lemon flavored pudding mix, dry
  • 1/2 cup powdered sugar
  • 2-3 teaspoons fresh lemon juice

**Make sure the butter, cream cheese, and egg are all at room temperature before starting. Don't melt any of these ingredients in the microwave!**

  1. In a large bowl, cream together the sugar and butter until light and fluffy.
  2. Add in the cream cheese and continue to beat until the batter is completely smooth. Beat in the egg, vanilla extract, lemon extract, lemon juice, and lemon zest.
  3. In a separate bowl, combine the flour, baking powder, salt, cornstarch, and pudding mix. Stir together and then add to the wet ingredients. Mix until JUST combined being careful to not over-mix (to avoid dense cookies).
  4. Cover the dough and refrigerate for 20 minutes.
  5. Preheat the oven to 350 degrees F.
  6. Using a 1 tablespoon measuring spoon, measure in the cookie dough to just fill up the spoon (not heaping; these are small cookie balls)
  7. Bake at 350 degrees F for exactly 8 minutes and then remove from the oven. Remove to a cooling rack and let cool completely. (These are best after they are totally cooled and even better chilled.) Be very careful to not overbake these as they go from a thick soft cheesecake texture to a biscuit like texture.
  8. Once cooled, prepare the glaze by whisking together the lemon juice and powdered sugar. Add the lemon juice just until a thick glaze can come together. Spoon the glaze over the cookies and allow to set.


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