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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 WAFER ICEBOX CAKE

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This Chocolate Wafer Icebox Cake has a gorgeous presentation, and always a crowd pleaser!
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Non-bakers…here is your cake! You don’t have to bake to serve a wonderful dessert! This Chocolate wafer icebox cake is super easy and nobody needs to know just how easy. The crisp wafer cookies are layered with sweet whip cream which in turn softens the cookies to perfection as they chill overnight. The only difficult thing about this recipe is waiting!
Last month my parents gave me an old recipe book that once belonged to my great grandma, although some of which is very difficult to read. This is one recipe I was able to at least understand most of, I just had to make a couple adjustments. I don’t remember ever having had an icebox cake as a child but I’m sure I did. It is rich and decadent and utterly delicious! It’s a great go to cake for entertaining, your guest will be quite impressed.
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These chocolate wafers are usually found in the cookie section or in the baking section by the graham crackers crusts at some grocery stores. I have also found them at Walmart, there are a couple different brands but either will work perfectly.

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Smear a couple tablespoons of the whipped cream on the plate to lay the cookie roll on. It helps hold them still so you can frost the top.

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I usually use sliced almonds for the topping, but you can use whatever you have on hand.


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CHOCOLATE WAFER ICEBOX CAKE
 

INGREDIENTS
  • 2 cups heavy whipping cream
  • 3 tablespoons powdered sugar
  • 1 teaspoon vanilla extract
  • 1 (9 ounce) package chocolate wafer cookies
  • ¼ cup chocolate chips
  • Sliced almonds
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INSTRUCTIONS
  1. Place the bowl and whisk of a stand mixer in the freezer for 10 minutes. If you are not using a stand mixer place the beaters of a hand held mixer in the freezer.
  2. In the chilled bowl beat the cream on high until soft peaks form. Add in the sugar and vanilla and continue mixing until stiff peaks form. DO NOT over beat
  3. Spread 3-4 tablespoon of whipped cream in a long strip on a platter. Spread 1 tablespoon whipped cream onto each wafer, and repeat until you have used all the cookies. Then lay the cookie roll on the strip of whipped cream on the platter. This helps so they don't slide. Frost with remaining whipped cream.
  4. In a small bowl add the chocolate chips and heat in the microwave on 30 second increments, stirring after each time until melted. Drizzle with chocolate and almonds, cover refrigerate 4-6 hours or overnight.
  5. Cut into diagonal slices so you get those beautiful chocolate stripes. Serves 6
  6. ***Note*** 4 cups of whipped topping (such as Cool Whip) can be substituted for whipped cream if desired. No need to add the sugar and vanilla.
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