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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!

Blue Mule Cocktail Recipe

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Blue Mule Cocktail Recipe
Blue Mule Cocktail Recipe 
By Ann
A fun, sweet update to the classic Moscow Mule, this Blue Mule is a beautiful cocktail drink that tastes great.
Prep Time: 3 minutes

Ingredients:
  • ½ oz Fresh Lime Juice 
  • 2 oz Vodka 
  • 1 oz Blue Curaçao 
  • 3 oz Ginger Beer 
  • Crushed Ice 
  • 8 Blueberries (dusted with sugar)
  • 1 Lime Slice 
  • 1 Rosemary Sprig
Directions:
  1. Pour the fresh lime juice into a copper mug (a glass mug may be substituted).
  2. Add Vodka and Blue Curaçao.
  3. Pour in ginger beer.
  4. Add crushed ice.
  5. Top with sugar-dusted blueberries
  6. Garnish with a slice of lime and sprigs of rosemary.
  7. Makes 1 Blue Mule Cocktail
• To print the Blue Mule Recipe, click here.
The Moscow Mule is a pretty classic vodka and ginger beer drink. Hubby and I have made more than a few since getting those copper mugs down in St. Augustine last year.
As a refresher: The Moscow Mule was invented in in 1941 by John G. Martin of G.F. Heublein Brothers, Inc. (East Coast spirits and food distributor) and Jack Morgan, President of Cock ‘n’ Bull Products (ginger beer maker). The “Moscow” portion of the name was due to the popular perception of Russian Vodka as excellent vodka.
Since there has been a resurgence in ginger beer, there has also been a resurgence in the Moscow Mule, and a bazillion different forms of the Moscow Mule. This Blue Mule is pretty tasty, and a wonderful drink anytime of the year. If you like ginger beer, give this Blue Mule a try!
Blue Mule Mise en Place:

Blue Mule Ingredients:
  • ½ oz Fresh Lime Juice
  • 2 oz Vodka
  • 1 oz Blue Curaçao
  • 3 oz Ginger Beer
  • Crushed Ice
  • 8 Blueberries (dusted with sugar)
  • 1 Lime Slice
  • 1 Rosemary Sprig
Blue Mule Directions:
  1. Pour the fresh lime juice into a Copper Mug(a glass mug may be substituted).
  2. Add Vodka and Blue Curaçao.
  3. Pour in Ginger Beer.
  4. Add crushed ice.
  5. Top with sugar-dusted blueberries
  6. Garnish with a slice of lime and sprigs or rosemary.
Note: ginger beer is not ginger ale. It is a richer, more ginger-y (is that a word?) tasting ginger ale. The ginger beers today can be alcoholic or non-alcoholic (ginger beer began life as an alcoholic product). I linked to fever tree above. It is REALLY good, and can be had for about six bucks for a four pack at your local grocery store. It is found in the pop aisle, not in the beer aisle in most stores.



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