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!

BAKED PEANUT BUTTER OATMEAL RECIPE

Looking for an easy breakfast, the whole family will love. You need to try this yummy Baked Peanut Butter Oatmeal Recipe. Enjoy it as a snack or breakfast

Looking for an easy breakfast, the whole family will love. You need to try this yummy Baked Peanut Butter Oatmeal Recipe. Enjoy it as a snack or breakfast.

What a super breakfast or grab and go snack for anyone who wants something healthy, filling, and full of protein! My kids love oatmeal and peanut butter, so it just seemed natural to blend the two! I love making this Baked Peanut Butter Oatmeal for them because I know what ingredients when into what they are snacking on. Plus, it is so good!

Serve as a hot breakfast, or cool for a grab & go snack. Either way this Baked Peanut Butter Oatmeal Recipe is a winner! Can be made gluten free & dairy free too!

Just whip up the ingredients in a large bowl, dump in a baking dish and bake for 20 minutes. This is so incredibly simple! My oldest daughter even makes this one herself now. Serve it hot out of the oven, or allow it to cool and cut it into bars for a grab and go snack! This stuff is perfect and oh so tasty. You can even mix it up by adding some chocolate chips, raisins, etc. The kids can’t get enough of this stuff. It’s a perfect way to sneak some added protein and fiber into their diet.

Serve as a hot breakfast, or cool for a grab & go snack. Either way this Baked Peanut Butter Oatmeal Recipe is a winner! Can be made gluten free & dairy free too!


Baked Peanut Butter Oatmeal

Looking for an easy breakfast, the whole family will love. You need to try this yummy Baked Peanut Butter Oatmeal Recipe. Enjoy it as a snack or breakfast.
Course Breakfast
Prep Time 5 minutes
Cook Time 20 minutes
Total Time 25 minutes

Ingredients

  • 1-1/2 cups quick cooking oats or gluten free oats
  • 1/4 cup packed brown sugar
  • 1/4 cup white sugar
  • 3/4 cup milk or milk alternative
  • 1/4 cup melted butter or margarine
  • 1 egg
  • 1/2 cup Peanut Butter or almond butter etc.
  • 1 tsp baking powder
  • 3/4 tsp salt
  • 1 tsp vanilla

Instructions

  1. Preheat oven to 350°
  2. Grease an 8x8 pan.
  3. Mix all ingredients together in a large bowl and stir well.
  4. Spread evenly into pan and bake for 20-25 minutes, or until edges are golden brown.
  5. Serve warm out of the oven or allow it to completely cool and cut into bars for a grab and go snack.

Recipe Notes

Mix in raisins, chocolate chips, bananas, or whatever else floats your boat.
MORE RECIPES @ http://afewshortcuts.com

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