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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!

(SKINNY!) OATMEAL COOKIE SMOOTHIE

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(Skinny!) Oatmeal Cookie Smoothie | gimmesomeoven.com #vegan #glutenfree
Oh man, I am way late to the adding-oatmeal-to-your-smoothies party.
(Seriously, how did I miss this?!)
But whatever, better late than never because I’ve got an oatmeal smoothie recipe to share with you today that literally tastes just like an oatmeal cookie.  But this one is minus the guilt because it’s made with healthy everyday ingredients, that also happen to be vegan and gluten-free.
I know I’ve never said this before, but you’ve gotta try it.  ;)
(Skinny!) Oatmeal Cookie Smoothie | gimmesomeoven.com #vegan #glutenfree
I’ve been making this smoothie all week as a little treat after my morning workout, and it feels exactly like that — a treat.
All of the ingredients in it are totally good for you.  But when combined together, they taste like the most decadent sweet dessert, thus also making this one of those smoothies that you could enjoy just about anytime of the day.  Here’s how to make it:
(Skinny!) Oatmeal Cookie Smoothie | gimmesomeoven.com #vegan #glutenfree
The key to using oats in your smoothies is to ground them up first.  Just pop them in your blender and pulse about 3-5 times until they’re nice and smooth.  (It takes 2 seconds!)
(Skinny!) Oatmeal Cookie Smoothie | gimmesomeoven.com #vegan #glutenfree
Then add in the rest of your ingredients — including the vanilla and spices that will have it tasting extra oatmeal-cookie-ish, and pulse until smooth.
The result will be one delicious smoothie that will give you lots of fiber and energy to get through the day.  And it can even satisfy those cookie cravings if you’re looking for a healthier alternative.
Hope you enjoy it as much as I do!
(Skinny!) Oatmeal Cookie Smoothie | gimmesomeoven.com #vegan #glutenfree
YIELD: ABOUT 2 CUPS5
5 / 5 (3 Reviews)
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(SKINNY!) OATMEAL COOKIE SMOOTHIE

This smoothie tastes just like an oatmeal cookie. And it’s good for you too!
TOTAL TIME: 5 MINS
 
PREP TIME: 5 MINS

INGREDIENTS:

  • 1/4 cup old-fashioned oats
  • 1 frozen (peeled) banana
  • 1 cup unsweetened almond milk
  • 1-2 Tbsp. honey (to taste)
  • 1/2 tsp. ground cinnamon
  • 1/2 tsp. vanilla extract, store-bought or homemade
  • 1/4 tsp. ground ginger
  • pinch of nutmeg
  • pinch of salt
  • (optional: 1/4 cup raisins)

DIRECTIONS:

Add oats to blender, and pulse until finely ground.  Add remaining ingredients and pulse until blended and smooth.  Serve immediately.
DIFFICULTY: EASY INGREDIENTS: ALMOND MILK, BANANA, CINNAMON, GINGER, HONEY, NUTMEG, OATS, RAISINS, VANILLA EXTRACT
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If you make this recipe, be sure to snap a photo and hashtag it #GIMMESOMEOVEN. I'd love to see what you cook!
(Skinny!) Oatmeal Cookie Smoothie | gimmesomeoven.com #vegan #glutenfree
more recipes @ gimmesomeoven.com

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