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!

LITTLE LEMON DROPS

LITTLE LEMON DROPS
Little Lemon Drops are delicious bite-sized treats that start with a cake mix – they are the perfect treat to take to your next party!
Little Lemon Drops are absolutely amazing and everyone will love you for making and sharing them! I took these to a barbecue and they were devoured in about 5 minutes….long before the meat even started cooking! Everyone was exclaiming about how amazing they were and I was thrilled because this recipe is so easy and it makes about 75 little cupcakes so it’s perfect for large gatherings. Although, my husband ate about a dozen himself before we even left the house so 75 of them doesn’t actually go as far as you’d think!

LITTLE LEMON DROPS
  • 1 box lemon cake mix
  • 1 pkg (3.4 oz) instant vanilla pudding mix
  • 4 large eggs
  • 1 1/4 cups sour cream (I actually didn’t have quite enough sour cream so I used half sour cream/half vanilla yogurt and it worked great!)
  • 1/2 cup milk
Preheat the oven to 325. Coat mini muffin tins with cooking spray. (I used almost 3 full pans of 24).
Beat the ingredients in a large bowl with an electric mixer for several minutes until blended and smooth.
Fill each muffin hole about 1/2 full. I used a small cookie scoop and it worked perfectly!
Bake for about 12 minutes or until a toothpick inserted in the center comes out clean.
Cool the pan on a wire rack for about 2 minutes and then turn the muffin pan over on a wire rack so that all the muffins are upside down.
Cool completely and once all the batter is cooked, you can make the glaze.
Lemon Glaze: 
  • 3 1/2 cups powdered sugar
  • 2 tsp grated lemon zest (I just used the zest from one lemon)
  • 2 Tbs. unsalted butter, melted
  • 1/4 cup fresh lemon juice (I got exactly this amount from squeezing one large lemon)
  • 1/4 cup hot water
Place the wire racks over waxed paper.
Beat the glaze ingredients in a medium bowl until smooth.
Dip muffins in glaze to coat the bottoms (which are now the tops!) and the sides and let the excess drip off back into the bowl.
Place each lemon drop back on the wire racks until the glaze is set. Make sure to eat a few before placing them out for others or you’ll never get to try one! Enjoy!
LITTLE LEMON DROPS
Prep Time 10 mins
Cook Time 15 mins
Total Time 25 mins
Little Lemon Drops are delicious bite-sized treats that start with a cake mix - they are the perfect treat to take to your next party!
Servings: 75
Author: Butter With A Side of Bread

Ingredients
Little Lemon Drops:
  • 1 box lemon cake mix
  • 1 pkg 3.4 oz instant vanilla pudding mix
  • 4 large eggs
  • 1 1/4 cups sour cream I actually didn’t have quite enough sour cream so I used half sour cream/half vanilla yogurt and it worked great!
  • 1/2 cup milk
Lemon Glaze:
  • 3 1/2 cups powdered sugar
  • 2 tsp grated lemon zest I just used the zest from one lemon
  • 2 Tbs. unsalted butter melted
  • 1/4 cup fresh lemon juice I got exactly this amount from squeezing one large lemon
  • 1/4 cup hot water
Instructions
Little Lemon Drops:
  1. Preheat the oven to 325.
  2. Coat mini muffin tins with cooking spray. (I used almost 3 full pans of 24).
  3. Beat the ingredients in a large bowl with an electric mixer for several minutes until blended and smooth. Fill each muffin hole about 1/2 full. I used a small cookie scoop and it worked perfectly! Bake for about 12 minutes or until a toothpick inserted in the center comes out clean.
  4. Cool the pan on a wire rack for about 2 minutes and then turn the muffin pan over on a wire rack so that all the muffins are upside down.
  5. Cool completely and once all the batter is cooked, you can make the glaze.
Lemon Glaze:
  1. Place the wire racks over waxed paper.
  2. Beat the glaze ingredients in a medium bowl until smooth.
  3. Dip muffins in glaze to coat the bottoms (which are now the tops!) and the sides and let the excess drip off back into the bowl.
  4. Place each lemon drop back on the wire racks until the glaze is set.
  5. Make sure to eat a few before placing them out for others or you’ll never get to try one! Enjoy!


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