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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!

THE BEST COOKIE DOUGH FROSTING

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THE BEST COOKIE DOUGH FROSTING
We have perfected this The Best Cookie Dough Frosting recipe and think we have come up with the best version that we have ever tasted.
My daughter loves cookie dough anything. Cookie dough ice cream, cookie dough frozen yogurt, and if I would let her … real raw cookie dough. She went to a birthday party where the cupcakes had cookie dough frosting on them and now that’s all she talks about. While I love real cookie dough (don’t judge Laurie and I were raised in an era where raw eggs were okay to eat), the idea of cookie dough frosting does not appeal to me. Because Allison was so insistent on having cookie dough frosting, I scoured Pinterest for a good recipe. The first was WAY too sweet, the second recipe we tired had cream cheese in it so the taste was off putting to us, the third one was basically cookie dough without eggs. (I know…we sound like Goldilocks,) Laurie and I put our heads together and came up with this recipe. It’s a hybrid of the different recipes we found and it was just right!! And my daughter LOVED it so we all lived happily ever after.
Cream the brown sugar, powdered sugar and softened butter on low in a mixer.
Mix in flour and vanilla
Add the flour and the vanilla and mix on medium speed until the frosting is creamy and the flour is thoroughly incorporated.
Slowly add the milk until the frosting is the desired consistency.
Add Mini Chocolate Chips to taste.
Mix the chocolate chips into the frosting with a spoon. If the frosting is too thick add a tiny bit more milk.
How much frosting will you need? That always depends on how thick or thin you apply the frosting or how much decorating you do but here are a couple of guidelines. Our recipe should make enough Best Cookie Dough Frosting to cover a 9″ x 13″ sheet cake or a two-layer 8″ cake. If you are making cupcakes, you should be able to frost 24 cupcakes if you apply the frosting with a knife. If you swirl on the frosting with a pastry bag like we have done here, you should be able to frost 15-18 cupcakes depending on the size of the swirl.
There is no getting around the fact that this Best Cookie Dough Frosting is very sweet. But if you want Cookie Dough Frosting on your cupcake or cake then we are guessing that “sweet’ is your thing. What we like about our version of this frosting recipe is that it still has a buttercream frosting taste plus a bit of the brown sugar/flour taste of chocolate chip cookie dough. Give it a try and let us know what you think. By the way, this recipe would also be great as an eggless Chocolate Chip Cookie Dough Dip which is something we see all the time on Pinterest.
THE BEST COOKIE DOUGH FROSTING
yield: 2 1/2 CUPS
We have perfected this The Best Cookie Dough Frosting recipe and think we have come up with the best version that we have ever tasted.

INGREDIENTS:
  • 1 cup (2 sticks) Butter
  • 3/4 cup Brown Sugar
  • 1 cup Powdered Sugar
  • 1 cup Flour
  • 2 tsp Vanilla
  • 1/2 tsp Salt
  • 4 tbsp – 1/4 cup Milk (for desired consistency)
  • 3/4 – 1 cup of Mini Chocolate Chips (depending on how chippy you want it)
  • Decorating Bags
  • Wilton 2D Decorating Tip
  • Mixer
DIRECTIONS:
  1. Cream the brown sugar, powdered sugar and softened butter on low in a mixer.
  2. Add the flour and the vanilla and mix on medium speed until the frosting is creamy and the flour is thoroughly incorporated.
  3. Slowly add the milk until the frosting is the desired consistency.
  4. Add Mini Chocolate Chips to taste.
  5. Mix the chocolate chips into the frosting with a spoon. If the frosting is too thick add a tiny bit more milk.



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