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!

30 Minute Cinnamon Sugar Knots

30 Minute Cinnamon Sugar Knots
30 Minute Cinnamon Sugar Knots taste like homemade cinnamon rolls, but they’re made from scratch in just half an hour! Great breakfast or dessert recipe.
One of my favorite things to do is to bake fresh bread. And when that fresh bread is covered in a buttery cinnamon-sugar mixture, it’s that much better!
I thought for a long time about making a sweet version of my 30 Minute Garlic Knots, and once I did, these guys quickly became one of my favorite recipes.
Since these cinnamon sugar knots are so easy to make, they are an easy weekend or holiday breakfast, after-school treat, or dessert!

Tools used to make 30 Minute Cinnamon Sugar Knots:
Kitchen Thermometer: Kitchen thermometers are so useful! They’re one of my fave inexpensive kitchen tools, and you can use it to check the temperature of the liquid to make sure that they don’t kill your yeast.
Silicone Baking Mat: Silicone baking mats are another versatile, inexpensive kitchen tool. I use mine to line pans when I make everything from cookies or sheet pan dinners.

30 Minute Cinnamon Sugar Knots
30 Minute Cinnamon Sugar Knots taste like homemade cinnamon rolls, but they're made from scratch in just half an hour! 
AUTHOR:i heart eating
PREP TIME:21 minutes
COOK TIME:9 minutes
TOTAL TIME:30 minutes
COURSE:Breakfast
CUISINE:American
KEYWORD:cinnamon sugar, knots
SERVINGS:12 knots
INGREDIENTS
CINNAMON SUGAR KNOTS
  • 1/4 cup butter
  • 1 cup milk
  • 2 tablespoon instant yeast*
  • 2 tablespoons honey**
  • 1/2 teaspoon salt
  • 1 large egg
  • 3-3 ½ cups all-purpose flour***
BUTTER AND SUGAR
  • 1/4 cup butter , melted
  • 1 cup granulated sugar
  • 1 heaping tablespoon ground cinnamon
  • ICING
  • 1 tablespoon butter melted
  • 1 cup powdered sugar
  • 1/2 teaspoon vanilla extract
  • 1-3 tablespoons milk
INSTRUCTIONS
  1. In a small saucepan, melt butter.
  2. When butter is mostly melted, stir in milk, and heat mixture to 100-110 F.
  3. Meanwhile, add yeast and honey to the bowl of a stand mixer fitted with a paddle attachment (or a large mixing bowl if mixing by hand).
  4. When milk mixture is at temperature, add to yeast and honey; stir to combine.
  5. Add salt and egg, and stir until combined.
  6. Stir in 2 ½ cups of flour.
  7. Add remaining flour until dough clings to paddle and cleans the sides of the bowl.
  8. Switch to the dough hook, and knead for 2 minutes (or by hand for about 5 minutes).
  9. While dough it kneading, stir together granulated sugar and cinnamon in a wide, shallow dish.
  10. Preheat oven to 400 Line a 9x13-inch rimmed cookie sheet with parchment paper or a silicone baking liner. Set aside.
  11. Divide dough into 12 pieces.
  12. Roll piece of dough into rope 8 inches long.
  13. Dip in butter, and then roll in cinnamon-sugar mixture.
  14. Tie dough into knots, and place dough on prepared baking sheet. If you'd like a how-to on shaping the knots, check out the video just above the recipe.
  15. Repeat process with remaining dough.
  16. Cover, and let dough rest for 10 minutes.
  17. Bake for about 9-12 minutes, or until lightly golden brown.
  18. While the knots are baking, prepare the icing.
  19. Stir together melted butter, powdered sugar, and vanilla.
  20. Add 1 tablespoon milk, and stir in. Continue adding milk until icing reaches desired consistency. I use about 1 1/2-2 tablespoons for a thicker icing.
  21. Remove knots from oven, and let cool for 5-10 minutes.
  22. Drizzle icing over knots, and serve warm.
RECIPE NOTES
*If you would prefer to use active dry yeast, substitute an equal amount for the instant yeast. Let the mixture sit for 5-10 minutes, or until foamy. Then, continue with the recipe as written.
**The honey is slightly detectable in the finished knots. If you would prefer not to have any honey flavor, substitute 1/4 cup granulated sugar for the honey.
***Be sure that your flour isn't packed when you measure it. I fluff mine first to make sure that I'm not getting too much flour. Too much flour can make the knots heavy or dry.
****I've tried forming a knot and then dipping in butter and sugar. The knots didn't work nearly as well that way. 
*****Nutrition facts are estimates.
******Check out my 30 Minute Garlic Knot Recipe for another easy knot recipe!

NUTRITION FACTS PER SERVING (1KNOT)
CALORIES: 344 kcal
FAT: 10 g
SATURATED FAT: 6 g
CHOLESTEROL: 38 mg
SODIUM: 188 mg
POTASSIUM: 77 mg
CARBOHYDRATES: 58 g
FIBER: 1 g
SUGAR: 30 g
PROTEIN: 5 g
VITAMIN A: 6.4%
CALCIUM: 3.4%
IRON: 9.8%



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