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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!

Healthy Berry Yogurt Smoothie

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A super simple 5 ingredient Healthy Berry Yogurt Smoothie. Protein packed to keep you full throughout the day. A perfect on the go breakfast!

Healthy Berry Yogurt Smoothie | chefsavvy.com #recipe #drink #healthy #smoothie

Smoothies are a great way to keep your diet in check during the holiday season. This is one of my favorite smoothies that I keep in constant rotation. Loaded with tons of protein to keep you full throughout the day. This smoothie is a great on the go breakfast or midway snack.
Quick, easy and super healthy. Loaded with fiber, vitamins and protein. This smoothie is gluten-free and has only 5 ingredients!
Healthy Protein Packed Berry Yogurt Smoothie | chefsavvy.com #recipe #drink #healthy #smoothie

A blend of bananas, blueberries and blackberries are added to the smoothie. Greek yogurt and soy milk are added to give the smoothie tons of protein and a creamy, thick consistency.
This smoothie has no added sugar. The banana and berries add a natural sweetness to the smoothie.
You can substitute frozen berries in this smoothie but I prefer fresh myself.

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This Healthy Berry Yogurt Smoothie makes two servings. I like to make extra to have on hand. Best of all this smoothie takes less than 5 minutes to make!
Drinking a smoothie in between meals helps me stay full throughout the day and keeps me from snacking. They are also an easy way to add extra fruit into your diet
Quick and Healthy Berry Yogurt Smoothie | chefsavvy.com #recipe #drink #healthy #smoothie
To make this smoothie simply add all of the ingredients to a blender and pulse for 30 seconds. Stir and pulse again for another 30 seconds until blended. Divide between two glasses and serve immediately. Garnish with blueberries and blackberries if desired.
Healthy Protein Packed Berry Yogurt Smoothie | chefsavvy.com #recipe #healthy #fruit #protein #smoothie

It’s hard to stay on track with healthy eating during the holidays. This quick and delicious smoothie will keep you on track this holiday season.
Healthy Protein Packed Berry Yogurt Smoothie | chefsavvy.com #recipe #healthy #breakfast #fruit

HEALTHY BERRY YOGURT SMOOTHIE

A super simple 5 ingredient Healthy Berry Yogurt Smoothie. Protein packed to keep you full throughout the day. A perfect on the go breakfast!

INGREDIENTS

  • ¾ cup fresh blueberries
  • ¾ cup fresh blackberries
  • 5.3 ounce package plain Greek yogurt
  • 1 cup vanilla soy milk
  • 1 whole banana

INSTRUCTIONS

  1. Add all of the ingredients to a blender.
  2. Pulse for 30 seconds, stir and pulse for an additional 30 seconds.
  3. Pour into two glasses and serve immediately or refrigerate until ready to serve.

NOTES

Original recipe from chefsavvy.com. Please do not publish my recipe or pictures without linking back to the original post. Thank you!

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