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!


Rømmegrøt is a warmed Norwegian pudding that our family likes to eat with a hefty drizzle of melted butter and a good sprinkling of cinnamon sugar.
My heritage is mostly German. Blake’s is 75% Norwegian, 25% Swedish. And ever since our first Christmas together (1999), I had been hearing about Rømmegrøt in different conversations across his family.
While Blake’s family members were saying I should try rømmegrøt, some were also telling me to give lutefisk a fair shot. Now I’m a fairly adventurous eater, but I could die quite happily never letting lutefisk cross my lips. It’s just something I don’t feel the need to accomplish in my lifetime. Ever since then, I have (unfairly) lumped these two Norwegian foods together in my mind, summing them both up as unworthy of my taste buds.
Boy, was I wrong. (At least about the rømmegrøt…I still haven’t tried lutefisk!)
It was a cold March day, sun-less and dreary, when we visited the Sons of Norway in Fargo, North Dakota with Blake’s family.
Stepping inside, there really was no evidence that we were actually in Fargo. The place gave a nod to its Norwegian ancestry everywhere we turned. The whimsical wood carvings of trolls, beautiful rosemåling, huge framed paintings of valiant Vikings, and oh-so-lovely wallpaper designs were the only decor in this space of dark paneled walls.
It was here that I ran head-on into my first experience with rømmegrøt.
And I gave in and let the kind lady hand me a bowl of this simple, warm Norwegian pudding. I was advised to pour some melted butter over the top, followed by a generous sprinkling of cinnamon sugar.
After finishing bowl #1, I went back for bowl #2. With more butter and more cinnamon sugar the second go ’round. That stuff was wonderful!
Then I asked one of the servers if they might be able to share their rømmegrøt recipe with me. Because, first, I wanted to make this at home because it was so delicious. And, second, I wanted to preserve a bit of Blake’s heritage, to pass this tradition on down to our own daughters.
I was invited back into the kitchen, where I met Vivian. Standing at the stove with a red apron tied around her back, Vivian was stirring the thickening milk mixture, watching the thermometer rise. She chatted me through the recipe and was happy to share it with me. The recipe showed obvious visible signs of being well-loved, with its crinkled paper and bent corners. Several lines in the directions had been crossed out, with revisions handwritten in ink. Those are always good signs of a tried and true recipe.
So why did it take me so long to actually get around to making rømmegrøt myself? There’s an easy answer to that >>> I lost the recipe and the photos I took that day.
But, thankfully, while organizing photo files earlier this year, I found them again. I proceeded to make a duplicate copy of the photo file and placed it directly onto my computer’s desktop. I’ve been waiting almost all year to share this recipe with you!
This rømmegrøt recipe is a simple mixture of milk, butter, flour, sugar, and salt, the very same recipe that I enjoyed at Fargo’s Sons of Norway and basically the same recipe that I’ve found in many cookbooks and on many online sites.
But I am now (Dec. 17, 2016) updating this post due to reader feedback. “Rømme” translates to sour cream in Norwegian, meaning a true rømmegrøt recipe would have sour cream in it. This recipe does not, so it would technically be called fløtegrøt. I am not going to change the title of this post and recipe, as this is exactly how so many people know rømmegrøt, including my husband’s entire side of his very Norwegian family. All I can say is that everybody makes their own variations on recipes, in both ingredients and recipe titles, and this is one that has obviously found its own alterations along the way from Norway to America. 
Blake’s mom (now 84 years old) shared with me that she grew up eating this warm dish two different ways:
as a side dish, a special treat (especially during the holidays) topped with melted butter and cinnamon sugar
as a simple meal, served plain with soda crackers for dipping, along with a glass of milk
Loree, my mother-in-law, recalls her own mom making rømmegrøt whenever there was excess cream from milking the cows. This provided an inexpensive way to put food on the table.
And when making this for her own family, Loree remembers her three sons being in favor of her switching from cream to skim milk. This resulted in rømmegrøt that was less rich…which simply meant that her sons could eat more of it.
Loree was sure to share her best advice with me, about how to most enjoy a bowl of warm rømmegrøt. “Drizzle with melted butter and then add a good layer of cinnamon sugar. Eat the top layer of rømmegrøt, skimming off the tasty crust of cinnamon sugar with a spoon. Then repeat, and repeat, and repeat, until you see the bottom of the bowl.”

yield: 6 TO 8 SERVINGS
calories per serving: 241

  • 1 qt. whole milk
  • 3/4 c. all-purpose flour
  • 1/4 c. sugar
  • 1/8 tsp. kosher salt
  • 1/2 c. salted butter, plus more for serving
  • cinnamon sugar
  1. In a large saucepan over medium heat, heat milk to 195° F. Stir almost continuously so milk does not burn, scraping the bottom of the saucepan.
  2. While milk is heating, whisk together flour, sugar, and salt in a small bowl. Set aside.
  3. While milk is heating, melt butter in a small saucepan over medium heat. Turn off heat and hold until milk has reached 195° F.
  4. Once milk temperature has reached 195° F, stir flour mixture into melted butter to form a thick paste. Transfer to the heated milk and stir constantly until milk starts to boil. Turn heat down to low and let cook for 5 minutes more, stirring often. Remove saucepan from heat. Pour into individual bowls and serve with warm melted butter and cinnamon sugar (the more, the better!).
Adapted slightly from the recipe that Vivian Wensel shared with me in the Sons of Norway kitchen in Fargo, ND.© a farmgirl's dabbles


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