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!

DEEP DISH CHOCOLATE CHIP COOKIE SKILLET BROWNIE AND BROOKIE CUPS

DEEP DISH CHOCOLATE CHIP COOKIE SKILLET BROWNIE AND BROOKIE CUPS
Fudgy brownies and chocolate chip cookies are combined into one in these fun desserts so that you don’t have to choose.Brookie cups are chocolate chip cookies and brownies baked into individual muffin servings. They are fun to eat and you don’t have to choose cookie or brownie since you get both in one!
INGREDIENTS:
DEEP DISH CHOCOLATE CHIP COOKIE SKILLET BROWNIE
  • 1 (18.4 oz) box Pillsbury™ Chocolate fudge brownie mix
  • 2/3 cup vegetable oil
  • 1/4 cup water
  • 2 large eggs
  • 1 (17.5 oz) box Pillsbury™ Purely Simple™ Chocolate Chip Cookie Mix
  • 1/2 cup unsalted butter
  • 1 large egg
  • 1/4 cup chocolate chips
BROOKIE CUPS
  • 1 1/2 cups of Pillsbury chocolate fudge brownie batter (leftover from recipe above)
  • 1 (17.5 oz) box Pillsbury™ Purely Simple™ Chocolate Chip Cookie Mix
  • 1/2 cup unsalted butter
  • 1 large egg
  • 3/4 cup chocolate chips
DIRECTIONS:
DEEP DISH CHOCOLATE CHIP COOKIE SKILLET BROWNIE
  1. Preheat the oven to 350F. Lightly grease the interior of a 9 inch cast iron skillet.
  2. In a large bowl, make brownie batter according to the box instructions using the brownie mix, 2/3 cup oil, 1/4 cup water and 2 large eggs. Set aside.
  3. In a stand mixer, make cookie dough according to box instructions, using the cookie dough mix, butter and egg.
  4. Add 2 cups of brownie batter to your skillet. (Save the rest for the brookie cups). Gather your cookie dough into one giant clump and spread evenly on top of brownie batter, leaving about 1 inch of brownie batter "crust" around the edges of the pan. Sprinkle 1/4 cup chocolate chips across top of cookie dough. Bake for about 30-35 minutes until brownie batter is set and cookie dough is set and turns a light golden brown.
  5. Allow cookie brownie to cool a little before cutting and serving.
BROOKIE CUPS
  1. Preheat oven to 350F. Lightly grease the interior of a 12-cup muffin pan.
  2. In a stand mixer, make cookie dough according to box instructions, using the cookie dough mix, butter and egg.
  3. Add 2 tbsp of brownie batter (leftover from recipe above) to each muffin mold. Use a 1 tbsp cookie scoop to scoop 2 cookie dough balls into each muffin mold. You have enough for exactly 12 muffins. Sprinkle and press 1 tbsp worth of chocolate chips into the tops of each brookie.
  4. Bake about 20-25 minutes until brownie and cookie layer are both set. Use a spatula to help loosen brookie cups from molds.

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