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!

CHOCOLATE CHIP ALMOND BUTTER FROYO

Chocolate Chip Almond Butter Froyo – It only takes three ingredients and one minute to prepare this sweet frozen treat.  
Disclosure:  This recipe post is sponsored by Silk. 
Chocolate Chip Almond Butter Frozen Yogurt-1
Tuesday is always the toughest day for me at the gym since Tuesday is the dreaded leg day.
I tend to make my post workout snack a bit more of a treat on Tuesdays to help me push through my gym session.
This chocolate chip almond butter froyo is the perfect treat!
Chocolate Chip Almond Butter Frozen Yogurt-1
Start with a small container of vanilla flavored Silk yogurt alternative.  Stir in a tablespoon of almond butter.  Then, freeze it for about an hour.  The consistency is best if you can stir it about half way through the freezing time.
When it’s frozen to your desired consistency, top it with chocolate chips.
Chocolate Chip Almond Butter Frozen Yogurt-1
This snack is great for those people who don’t eat dairy since it’s made with Silk’s dairy-free yogurt alternative, which is cultured soy instead of dairy.
Chocolate Chip Almond Butter Froyo Recipe
Prep Time
1 min
Total Time
1 min
 
Chocolate Chip Almond Butter Froyo - It only takes three ingredients and one minute to prepare this sweet frozen treat.
Course: Breakfast, Snack
Cuisine: American
Servings servings
Calories278 kcal
AuthorAmanda Finks
Ingredients
  • 1 (5.3 oz.) container vanilla Silk yogurt alternative
  • 1 tbsp. almond butter smooth
  • 1 tbsp. semi-sweet chocolate chips could use dairy free/vegan
Instructions
  1. Open the Silk yogurt alternative container and add the almond butter. Stir until well combined.
  2. Place in the freezer for 1 to 1 1/2 hours, stirring once half way through.
  3. Stir well. Top with chocolate chips.
Nutrition Facts
Chocolate Chip Almond Butter Froyo Recipe
Amount Per Serving (1 whole recipe)
Calories 278Calories from Fat 131
% Daily Value*
Total Fat 14.5g22%
Saturated Fat 3g15%
Total Carbohydrates 29.9g10%
Dietary Fiber 4.6g18%
Protein 8.9g18%
* Percent Daily Values are based on a 2000 calorie diet.
Recipe adapted from Girl Gone Country.

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