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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!

CINNAMON SUGAR COOKIES (GLUTEN FREE, DAIRY FREE)

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Cinnamon Sugar Cookies – perfectly chewy, sweet, and packed with warm cinnamon. Only 6 ingredients and 15 minutes needed to make these quick and easy, gluten free cookies! What are you waiting for?


These Cinnamon Sugar Cookies are my perfect cookie. A little crispy bite on the outside, dense and chewy on the inside, just sweet enough with a little bit of spice…so yum! And with only 6 ingredients and 15 minutes, they’re sure to be your favorite cookie too!

Another reason these are better than traditional snickerdoodles, is that they are secretly healthy. Well, ok, it isn’t exactly health food, but they are certainly healthier than standard cookies.


These amazing cookies contain no oil, no butter, no dairy, no eggs, no gluten, and no refined sugar! That’s right! Sugar cookies with no refined sugar…or granulated sugar of any kind! But, trust me, they are every bit as mouthwatering!

Cinnamon Sugar Cookies (Gluten Free, Dairy Free) Recipe 
These Cinnamon Sugar Cookies are perfectly chewy, sweet, and packed with warm cinnamon. With only 6 ingredients and 15 minutes, you can be enjoying these quick and easy cookies in record time!



Ingredients

  • 2 1/2 cups almond flour (scoop and level off)
  • 1 tsp baking soda
  • 1 tbsp cinnamon
  • 1/2 tsp sea salt
  • 1/2 cup raw creamy almond butter (I like Trader Joe's brand; it's nice and runny)
  • 3/4 cup pure maple syrup
  • 1 tsp pure vanilla extract

Instructions

  1. Preheat oven to 350 degrees F. Line a baking sheet with parchment paper and set aside.
  2. In a medium-size mixing bowl, whisk together the almond flour, baking soda, cinnamon and salt.
  3. In a small mixing bowl, whisk together the almond butter, maple syrup and vanilla extract.
  4. Pour the wet ingredients into the dry while stirring. Stir well to thoroughly combine. The dough will be sticky, but this is what you want.
  5. Using your hands, roll the dough, about 1 tbsp at a time, into a ball and place on the parchment lined baking sheet. Dampen your hands slightly to make the dough easier to work with. Continue until all the dough has been used. Be sure to space the balls of dough out on the baking sheet with a few inches in between because they will spread out into perfectly round cookies.
  6. Bake for 8-10 minutes, until they are starting to firm up on the outside.
  7. Let cool on the baking sheet for a few minutes before transferring the cookies too a wire rack to continue cooling completely.

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