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!


This Caramel Apple Sangria is only FOUR ingredients and it is delicious! It tastes just like a caramel apple! Such an easy white wine sangria recipe!
The other day someone said something to me and it has me totally thinking about my parenting. Like I’m watching my own parenting now with a microscope.
It’s annoying.
It’s made me question if I’m patient enough with my kiddos. If I am too strict. You know, fun stuff.
I was talking about it with a friend the other day and she said, “Lisa. You are a good mom. It’s the end of summer vacation. You CANNOT judge your parenting based on right now. Give it a solid two weeks before you even think about it again.”
So smart. It’s important to keep smart friends around. The good news is that I’ve been a lot more patient with my kids, which I think they kind of needed as they struggle with the end of summer and mixed feelings about going back to school. The bad news is that patience is hard guys, lol. And usually it means by the end of the day I need a nice glass of . . . you know, anything.
Enter my new best friend, Caramel Apple Sangria. Because you know that I don’t just do caramel apples as a caramel apple. I do Caramel Apple Poke Cake. I do Caramel Apple Cobbler. I do Caramel Apple Milkshake. And now this! You guys, it’s so good. I “tested” the various ratio options when it comes to the liquor you put in this, deciding just how much caramel vodka and just how much apple liquor was needed to make the most caramely appley taste and we have a winner, friends!
And did I mention that this is only four ingredients? Awesome, right? So if you lose your patience with your kids, you are only four ingredients away from Caramel Apple Sangria. A few sips and then reset.
And you know what? Losing your patience with your kids is just a good lesson in teaching them humility. You just apologize and they get a good life lesson. And you get sangria. Win – win.
Caramel Apple Sangria
This Caramel Apple Sangria is only FOUR ingredients and it is delicious! It tastes just like a caramel apple! Such an easy white wine sangria recipe!

  • 1/2 cup caramel vodka
  • 1 cup apple liquor see note
  • 750 white wine I used a sparkling white
  • 2 green apples cut up see note
  1. Combine all of the ingredients in a large pitcher.
  2. Chill and serve.
Recipe Notes
If you decide to double this recipe, and I really think that you should, you don't need to double the number of apples in it. It will still be delicious with two.
I used Apple Pucker, but there are lots of great apple liquors on the market and any will do!
Caramel Apple recipes from friends that you can’t miss!


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