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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!

CARROT CAKE COOKIES WITH CREAM CHEESE FROSTING

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CARROT CAKE COOKIES WITH CREAM CHEESE FROSTING
Our Carrot Cake Cookies with Cream Cheese Frosting feature a light, and fluffy cookie chocked full of carrots and cinnamon and topped with delicious cream cheese frosting.
When we think of Spring, we think of Carrot Cake. There are a lot of spring birthdays in our family and our mom loved Cream Cheese Frosting so there were a lot of Carrot Cake Birthday Cakes in our childhood. We decided to take those classic flavors of carrots, cinnamon and cream cheese and turn them into a cookie … hello Carrot Cake Cookies with Cream Cheese Frosting! You are delicious! We think this cookie tastes just like Carrot Cake and it is the perfect delivery device for our Best Cream Cheese Frosting. We hope you like these cookies as much as we do!
Grate and chop 2 cups of carrots. We used a bag of pre-chopped carrots but we did another chop on them before we used them.
In a large bowl, cream butter and sugars until light and fluffy. Beat in eggs and vanilla. Mix in cinnamon, baking powder, baking soda and salt. Mix well. Add the flour and mix until combined. Mix in the chopped carrots.
Roll the dough into a ball and place on a cookie sheet.
Bake the cookies in a 375 degree oven for 13-15 minutes or until golden brown around the edges. Here is what the cookies look like just out of the oven. Golden brown and delicious and chock full of sweet delicious carrots.
Make up a batch of our super delicious The Best Cream Cheese Frosting. You can find the recipe and detailed instructions on how to make this frosting right here.
Frost the Carrot Cake Cookies with the Best Cream Cheese Frosting using a spreader or a knife.
Chop up some pecans. You’ll need about a cup of chopped nuts.
Dip the edge of the cookie into the pile of chopped pecans to create a circle of nuts around the edge of the cookie. The pecans should stick on the just applied Cream Cheese Frosting.
That ‘s all there is to it! You now have a yummy frosted cookie that tastes just like a piece of Carrot Cake.
If you like Carrot Cake you’ll love our Carrot Cake Cookies with Cream Cheese Frosting. A light and fluffy cookie, chock full of carrots and cinnamon and topped with delicious Cream Cheese Frosting. So incredibly tasty! Your family will ask you to make them again and again!
CARROT CAKE COOKIES WITH CREAM CHEESE FROSTING
yield: 3 DOZEN COOKIES 
cook time: 13-15 MINUTES
Our Carrot Cake Cookies with Cream Cheese Frosting feature a light, and fluffy cookie chocked full of carrots and cinnamon and topped with delicious cream cheese frosting.

INGREDIENTS:
  • 1 cup Butter (Sweet Cream Salted)
  • 1 cup Granulated Sugar
  • 1/2 cup Brown Sugar
  • 2 Eggs
  • 1 teaspoon Vanilla
  • 3 cups All-Purpose Flour
  • 2 1/4 teaspoons Cinnamon
  • 1 teaspoon Baking Powder
  • 1 teaspoon Baking Soda
  • 1/2 teaspoon Salt
  • 2 cups grated or chopped raw Carrots
  • The Best Cream Cheese Frosting
  • 1 cup chopped Pecans
DIRECTIONS:
  1. Grate and chop 2 cups Raw Carrots
  2. In a large bowl, cream butter and sugars until light and fluffy.
  3. Beat in eggs and vanilla.
  4. Mix in cinnamon, baking powder, baking sold and salt and mix well.
  5. Add flour and mix until combined.
  6. Add in 2 cups of carrots.
  7. Bake the cookies in a 375 degree oven for 13-15 minutes or until golden brown around the edges.
  8. Allow cookies to cool.
  9. Frost with The Best Cream Cheese Frosting.
  10. Apply chopped Pecans around the edges of cookies.
All images and text © Two Sisters.



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