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!


Carrot Cake Cookies with Toasted Coconut Cream Cheese Frosting. Quick. Easy. Yummy! Cookies made with boxed carrot cake mix and loaded with white chocolate chips!

They’re chewy, spicy, packed full of sweet, creamy white chocolate chips…ohhh my yum…and smothered in toasted coconut cream cheese frosting.

All carrot cakes, or in this case, carrot cake cookies, need to have a killer cream cheese frosting to go with it. Carrot cake also needs to have coconut. Since I didn’t put any IN the cookie, I decided to throw it into my cream cheese frosting. Best decision ever.

Carrot Cake Cookies with Coconut Cream Cheese Frosting Recipe
Carrot Cake Cookies with Toasted Coconut Cream Cheese Frosting. A sweet treat for Easter day!

Carrot Cake Cookies
  • 1 box  Dunchan Hines Carrot Cake Mix * put the carrot/raisin packet aside
  • 1 stick (1/2 cup)  unsalted butter softened to room temperature,
  • 2 large  eggs room temperature and whisked
  • 1 tablespoon  coconut oil melted
  • 1 cup  white chocolate chips
Toasted Coconut Cream Cheese Frosting
  • 1 (8 oz) package  cream cheese softened to room temperature
  • 1/2 stick (1/4 cup)  unsalted butter softened to room temperature
  • 2 cups  powdered sugar
  • 1-2 tablespoons  heavy cream
  • 1 teaspoon  vanilla extract
  • 1 pinch  salt
  • 1 cup  sweetened coconut flakes toasted**
Carrot Cake Cookies
  1. Preheat the oven to 350 degrees F and line a baking sheet with a silicone mat.
  2. Mix together room temperature butter, eggs, and melted coconut oil until well combined.
  3. Using a spatula, stir in the carrot cake mix. The dough will be thick and sticky.
  4. Stir in the packet of carrots (and raisins, if using) and white chocolate chips.
  5. Use a cookie scoop to scoop the dough onto the prepared baking sheet.
  6. Bake for 8 - 10 minutes. They may seem a little underdone, that's ok, remove them from the oven and let them sit for about 10 minutes.
  7. Remove them from the baking sheet and let them cool completely on a wire cooling rack.
Toasted Coconut Cream Cheese Frosting
  1. Beat cream cheese for one minute. Scrape down the bowl.
  2. Beat in butter and mix until fluffy. Scrape down the bowl.
  3. With the mixer on, slowly beat in powdered sugar. Scrape down the bowl.
  4. Now, add in 1 tablespoon heavy cream, vanilla extract, and a pinch of salt. Scrape down bowl and beat in another tablespoon of heavy creamy if it's too thick.
  5. Lastly, beat in toasted coconut.*
  6. The warmed coconut will slightly thin out the frosting. Cover with saran wrap and place in the fridge to firm up.
  1. Take one cooled cookie and flip it upside down.
  2. Using a large cookie scoop, scoop chilled frosting on the cookie.
  3. Take another cookie and place it on top!
  4. Enjoy immediately or store in an airtight container in the refrigerator.


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