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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!

CHOCOLATE CHIP CHEESECAKE WITH BROWNIE CRUST

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CHOCOLATE CHIP CHEESECAKE WITH BROWNIE CRUST
I have been chosen by Krusteaz to be a paid brand ambassador. The recipe for Chocolate Chip Cheesecake with Brownie Crust also appears on Krusteaz.com.
Sometimes you want two desserts. We’ve all been there. You’re asked if you’d like the brownies or the cheesecake. And it feels a bit awkward just to say “yes” and grab both. If you can identify with that, then this cheesecake is for you.
It all starts with a fudgy brownie that will serve as the crust of the cheesecake. Then, that’s topped off with a simple no-bake cheesecake packed with plenty of chocolate chips. See? You get brownies AND cheesecake! Win-win!
You can use any brownie you like for the crust. For a shortcut to an already simple dessert, I used a brownie mix, Krusteaz Gluten-Free Double Chocolate Brownie Mix. It’s one of my favorite brownie mixes, and you’d never guess that it’s gluten free.
If you want a from-scratch option, use your favorite recipe for an 8-inch square pan of brownies. My Favorite Fudgy Brownies would work wonderfully.
This is one of my favorite quick-to-make desserts. It’s so simple to put together. And with that bit of chill time, it’s a great make-ahead dessert, too. And when it’s ready to serve, you can enjoy a slice of this delicious two-in-one dessert!
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CHOCOLATE CHIP CHEESECAKE WITH BROWNIE CRUST
yield: 10 TO 12 SERVINGS 
prep time: 25 MINUTES 
cook time: 50 MINUTES

Fudgy brownies and an easy no-bake cheesecake combine for a simple, delicious dessert.
INGREDIENTS:
  • 1 package Krusteaz Gluten Free Double Chocolate Brownie Mix*
  • 1/3 cup water
  • 1/3 cup vegetable oil
  • 1 large egg
  • 16 ounces cream cheese, at room temperature
  • 1 cup granulated sugar
  • 1 teaspoon vanilla extract
  • 3/4 cup heavy cream
  • 1 cup mini chocolate chips
DIRECTIONS:
  1. Preheat oven to 325°F. Lightly grease a 9-inch round springform pan.
  2. Stir together the brownie mix, water, oil, and egg until moistened and thoroughly combined. Transfer the batter to the prepared pan and spread evenly.
  3. Bake 45 to 50 minutes or until a pick inserted into the center comes out with moist crumbs.
  4. Cool completely in pan.
  5. Using an electric mixer on medium speed, beat the cream cheese and sugar until blended and smooth. Mix in the vanilla.
  6. Using an electric mixer with a whisk attachment, beat the cream at medium-high speed until soft peaks form.
  7. Fold the whipped cream into the cream cheese mixture. Gently stir in the chocolate chips.
  8. Transfer the filling to cooled crust and spread evenly. Refrigerate at least 4 hours before serving.
NOTES:
*You can use any brownie recipe or mix that uses an 8-inch square pan.


more recipes @ https://bakeorbreak.com


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