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!


Beer and Pizza Night { Easy Garlic and Herb Pizza } and a gift guide for those hard to buy for people in your life (wow, so much coolness in one place!).
This post is sponsored by UncommonGoods but my opinions are my own. Thanks so much UncommonGoods, I love all my new kitchen goodies!

Beer and Pizza night – is there anything more classic? It’s the perfect date night. It’s a great casual fun evening with friends and family. It’s comfort food at its finest.
Beer and Pizza night also makes for a great gift guide for those hard to buy for friends thanks to UncommonGoods. I’ve loved UncommonGoods for a long time, and as a fan of kitchen goodies, I’d love to get any of these as gifts. Beautiful and useful, and I’m always in need of cool new gadgets.
If you aren’t familiar with UncommonGoods, now’s a great time to get to know them (you know, with Christmas gift giving coming and all). They carry really cool and unusual things. Especially if you’re a kitchen fanatic like me, you’ll find tons of stuff to get excited about. See their cool kitchen goodies here.
How cute is this Wooden Beer Caddy! And, what better way to start our beer and pizza night, than with some beer! Take your beer to the party in this handcrafted carrier that’s made from reclaimed redwood. And, it has its own bottle opener on the side. I know several people who would love this!
Do all your prep-work on these great space-saving cutting boards. Two cutting boards that have magnets (see them in the corners of the cutting board?) to hold them onto the metal knife rack. The wooden boards are really pretty (you see them in all the pictures in this post), and really sturdy. I love wooden cutting boards because they won’t dull my knives. And the space-saving knife rack that’s build into this is great for a small kitchen like mine. This would make a great wedding gift for a couple just starting out as well.
This French-style garlic grater might just be one of the coolest things I’ve found in a long time! If you like fresh garlic then you need this little dish. It has a rough bottom to grate the garlic, is really easy to use, and what you get from it is simply awesome! Perfectly smooth fresh soft garlic! The card that came with this dish says it’s also good for root veggies, ginger, carrots, wasabi, jalapenos, horseradish, hard cheeses, chocolate, and spices. I’m so excited to try this in all the ways they suggest! Get one of these for the garlic lover in your life, or for yourself!
Besides being extremely beautiful, this Herb Chopper was a delight to use! I went around chopping all kinds of stuff, not just herbs. And, it fit into the knife holder area of the space-saving cutting boards, so a win-win for me! I mean, just look at how pretty this is! This would be an awesome gift!
Another beautiful, hand forged steel blade; this solidly-made pizza cutter is also a thing of beauty and really fun to use. I felt very powerful cutting my pizza with this Pizza Cutter!
Now that we’ve gathered all of our tools, items of beauty, and super-awesome kitchen gadgets, let’s get to making a little pizza. This Easy Garlic and Herb Pizza is delicious! Grab some flatbreads, naan, or pitas from the store. Top the bread with that awesome grated garlic. Use your favorite pizza sauce; mine’s here (it’s a rich and thick sauce that only takes a couple of minutes to make). Some grated mozzarella. And lots of freshly chopped herbs (I used basil, oregano, thyme, and green onion). A few minutes in the oven, and you have yourself an awesome dinner! Oh yeah, don’t forget the beer!
Easy Garlic and Herb Pizza
Easy and delicious, this Garlic and Herb Pizza is even better when you make it with Easy Pizza Sauce (recipe here: )
Author Debi

  • Grated garlic
  • Flatbread
  • Pizza Sauce Here's my favorite recipe:
  • Shredded Mozzarella cheese
  • Chopped fresh herbs basil, oregano, thyme, green onions, marjoram
  1. Preheat oven to 450° F. If you have a pizza stone, preheat the pizza stone in the oven.
  2. Rub the grated garlic all over the flatbread, and spread the flatbread with a nice smear of Pizza Sauce.
  3. Top with a handful of shredded cheese.
  4. Carefully place the flatbread pizza on the preheated pizza stone, or place the flatbread pizza on a cookie sheet and into the oven. Bake for 6-9 minutes, or until the cheese has turned golden brown and is bubbly.
  5. Carefully remove from the oven. Top with fresh chopped herbs.
recipe adapted from


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