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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!

CINNAMON ROLL FRENCH TOAST CASSEROLE

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Cinnamon Roll French Toast Casserole takes cinnamon rolls to the next level in an ooey, gooey, delicious baked French toast recipe that’s perfect for the holidays!
Cinnamon Roll French Toast Casserole takes cinnamon rolls to the next level in an ooey, gooey, delicious bake that's perfect for the holidays!
So do you remember back in August, when Ellia asked me about the Tooth Fairy? And I really didn’t know what to say, and I wasn’t ready to tell her the truth, and I kinda hoped it would just go away? Well, apparently it didn’t. Apparently she’s been holding on to all her questions and doubts and concerns. And apparently, it’s not just about the Tooth Fairy. Can you guess where this is headed?
Cinnamon Roll French Toast Casserole takes cinnamon rolls to the next level in an ooey, gooey, delicious bake that's perfect for the holidays!
Yes, just one month before Christmas, the kids have started talking. And Ellia has been all ears. So she came home from a birthday party yesterday, where they had all been spilling the beans about Santa Claus and the Easter Bunny and the Tooth Fairy, and she demanded to know the truth. And….as much as it killed me….I knew it was time.
Cinnamon Roll French Toast Casserole takes cinnamon rolls to the next level in an ooey, gooey, delicious bake that's perfect for the holidays!
I have to tell you – it was one of the hardest conversations I’ve ever had with one of my kids. I honestly felt like I was telling her someone had died. And she cried, and I cried, and we hugged, and I told her I was sorry…and I promised her that Christmas can still feel magical. Even without Santa Claus. But to be honest, I’m so sad about it. I wasn’t ready for it. And as much as she feels like she’s lost something big and important, I feel the exact same way. The loss of innocence. And childhood. And magic.
Cinnamon Roll French Toast Casserole takes cinnamon rolls to the next level in an ooey, gooey, delicious bake that's perfect for the holidays!
And I know it will be fine, because it’s just part of life. And I know that Santa is NOT what Christmas is all about. And I feel like this can open up new doors for us in terms of where we put the focus….I just have to get over the sadness of it. And you know what? I’m thinking this Cinnamon Roll French Toast Casserole can help. Because if there’s one thing about Christmas that’s more magical than presents from Santa, it’s all the special time we get to spend with family. It’s holiday lights and decorating the tree and making cookies and Christmas brunch.

Ingredients

Casserole

  • 2 17.5 oz. cans refrigerated cinnamon rolls, icing reserved
  • 2 Tbsp. melted butter
  • 4 eggs
  • 1/3 c. milk
  • 1 Tbsp. cinnamon
  • 1 tsp. vanilla

Icing

  • 1/2 c. powdered sugar
  • 2 containers reserved icing
  • 2 Tbsp. cream cheese softened
  • 1 Tbsp. milk
  • For extra icing, combine ¾ c. powdered sugar + 3 oz. cream cheese (softened + 1½ Tbsp. milk)
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Instructions

  1. Preheat oven to 350 degrees.
  2. Remove cinnamon rolls from packages and cut each roll into sixths.
  3. Drizzle melted butter in 9x13 inch pan.
  4. Spread cinnamon roll pieces evenly in pan.
  5. In a separate bowl, combine eggs, milk, cinnamon, and vanilla. Whisk until combined.
  6. Pour egg mixture over cinnamon rolls.
  7. Bake at 350 degrees for 30-35 minutes or until top of casserole is golden brown and center is set.
  8. Prepare icing by combining reserved cinnamon roll icing with 1/2 c. powdered sugar, 2 Tbsp. softened cream cheese, and 1 Tbsp. milk. Whisk until smooth.
  9. Pour icing evenly over casserole.

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