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!

POLISH APPLE PANCAKES

POLISH APPLE PANCAKES

Polish Apple Pancakes are apples dipped into pancake batter, then fried and topped with powdered sugar or a sweet syrup!
This is the type of food I like to eat for breakfast on weekends! In my family, we usually have big breakfasts when it’s the weekend. And it’s always either a Russian breakfast that consists of Russian Porridge (we call it Kasha), boiled eggs, Bleni (Crepes), Grenki, Syrniki. Or, a Middle Eastern breakfast that consists of Hummus, Mtabbal, Falafel, goat cheese, sliced tomatoes, Labaneh, Olives, Pita bread, and sweetened tea! You may also want to try my Breakfast Tabbouleh, it’s seriously awesome!
POLISH APPLE PANCAKES

So this weekend we decided to have a Russian (or Polish) breakfast. And while browsing through different recipes on Pinterest, I came across an apple pancake recipe and it reminded me of this lovely Polish recipe that my Mum always made and we all loved.

I don’t know Polish but someone told me that this recipe is called “racuchy z jabłkami”. It’s a traditional Polish recipe, where apples are dipped in pancake batter and fried!

What I really love about these pancakes is that they’re crispy on the outside, sweet and fluffy on the inside.

APPLE PANCAKES RECIPE

Apples are in season here, and since I’m a huge fan of pancakes, these pancakes were the best thing I’ve had for a while. If you are a fan of pancakes you NEED to try this classic pancake recipe! It’s one of the most popular recipes on my blog, and whoever tried it LOVED it. I got lots of great feedback, so make sure to give it a try!
These pancakes can be either eaten plain or sprinkled with powdered sugar. I like adding lots of caster/powdered sugar! Give this recipe a try and it will sure become a favourite treat!

If you’re looking for a delicious no-fail apple pancakes recipe, follow this classic apple pancakes recipe. Enjoy!

Polish Apple Pancakes
Traditional polish apple pancakes
Course Breakfast
Cuisine Polish
Prep Time 5 minutes
Cook Time 25 minutes
Total Time 30 minutes
Servings 15 pancakes
Calories 80 kcal
Author Diana @ LittleSunnyKitchen

Ingredients
  • 120 grams all-purpose flour
  • 1 tbsp sugar
  • 1/2 tsp baking powder
  • 1/2 tsp salt
  • 1 egg
  • 250 ml milk
  • 1 tsp vegetable oil
  • 5 apples peeled and thinly sliced
  • Powdered sugar
UK Measurements - USA Measurements
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Instructions
  1. In a bowl, combine flour, sugar, baking powder and salt.
  2. In another bowl, lightly beat egg; add milk and oil. Add to dry ingredients and stir until smooth.
  3. Fold in apples.
  4. Pour batter by 1/2 cupfuls onto a lightly greased hot pan and spread to form a 5 inch circle. Turn when bubbles form. Cook the second side until golden brown and apples are tender. Sprinkle with powdered sugar if desired.
Recipe Notes
The apples must be cut into thin slices, and grated apples work too.
Nutrition Facts
Polish Apple Pancakes
Amount Per Serving
Calories 80Calories from Fat 9
% Daily Value*
Total Fat 1g2%
Cholesterol 12mg4%
Sodium 89mg4%
Potassium 116mg3%
Total Carbohydrates 16g5%
Dietary Fiber 1g4%
Sugars 7g
Protein 1g2%
Vitamin A1.5%
Vitamin C3.4%
Calcium3.3%
Iron2.8%
* Percent Daily Values are based on a 2000 calorie diet.

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