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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 FOOTBALL PRETZEL RODS

CHOCOLATE FOOTBALL PRETZEL RODS

Chocolate Football Pretzel Rods – sweet and salty, dark and white chocolate dipped pretzel rods. A delicious game day treat that screams team spirit!

Today’s football food share, Chocolate Football Pretzel Rods, is a little bit sweet, a little bit salty, and screams team spirit. Whether you’re team is the Packers, you’re rooting for your favorite team, or you’re just watching Super Bowl commercials, these Chocolate Football Pretzel Rods will make the perfect Game Day Treat.

Go Chocolate Football Pretzel Rods Go!

INGREDIENTS

FOR DARK CHOCOLATE FOOTBALL PRETZEL RODS

1/2 bag of pretzel rods
1 and 1/2 cups dark chocolate melting wafers
1 and 1/2 tablespoons paramount crystals

FOR WHITE CHOCOLATE FOOTBALL SPRINKLE RODS

1/2 bag of pretzel rods
1 and 1/2 cups white chocolate melting wafers
1 and

INSTRUCTIONS

Line baking sheet with parchment paper. Set aside.
In a microwave safe bowl, add dark chocolate wafers and paramount crystals. Microwave on medium heat for 30 seconds. Remove and stir slowly. Replace in microwave for 15 second increments until chocolate is completely melted.
Pour chocolate into a tall, narrow glass. Dip two-thirds of each pretzel rod into chocolate and lightly shake to remove excess chocolate; transfer to parchment paper until chocolate hardens.
In a microwave safe bowl, add white chocolate wafers and paramount crystals. Microwave on medium heat for 30 seconds. Remove and stir slowly. Replace in microwave for 15 second increments until chocolate is completely melted.
Pour white chocolate into a tall, narrow glass. Dip two-thirds of each pretzel rod into chocolate and lightly shake to remove excess chocolate; sprinkle with team colored sprinkles. Place on prepared parchment paper until chocolate hardens.
Pour left over melted white chocolate into a decorating bag or sandwich bag and snip the corner off. Pipe white chocolate football stitches onto dark chocolate dipped pretzel rods. Let pretzels stand until set. Eat & Enjoy!

NOTES

Chocolate Football Pretzel Rods should be stored in an airtight container and will keep for up to 1 month.

Optional: Paramount crystals help keep chocolate shiny and smooth, as well as alleviate sugar bloom and fat bloom. You do not need them, but they are recommended.

Recipe Source:sarahsbakestudio.com

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