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!


A fun and tropical passion fruit mojito perfect for summer parties and BBQs! This simple cocktail recipe will be a new summer favorite!

I think I’ve mentioned how I have a love/hate relationship with my local produce store, right? I love them because they always stock a lot of variety and a ton of tropical fruits and veggies I can’t find anywhere else.
I hate them because a lot of their regular produce is either weeks from being ripe or on the verge of being overripe. There’s just no consistent in-between with them. But it’s the only place I can get passion fruit, dragon fruit, and lychee on a semi-regular basis, so I can’t really complain too much.
Well, when I stopped by the other day, I saw they had passion fruit!! I haven’t had fresh passion fruit in years so I was so excited to get some. I ended up getting a bag of about 30 passion fruit and spent a fortune for it, but it was oh so worth it.

I try to use ingredients that you find at most store, but sometimes I run into produce that gets me so excited I need to whip up something like my detox cactus smoothie.
So that is why I am sharing this passion fruit mojito with you today – and probably something with passion fruit later in the week. Basically, I plan on making a lot of passion fruit recipes until I run out.
If you want to know if your passion fruit is ripe, look for some wrinkles. Wrinkles are sexy, especially in your passion fruit. They should be wrinkly, but still have some weight to them.
If they are feeling light or hollow, cut it open and see, because it might be past its prime, but you won’t know for sure until you cut. Once it is open, you should be able to tell pretty quickly if it’s not good because there really won’t be much in the way of pulp.

Mojitos are my favorite summer cocktail. Which is kind of weird for me to say because I never really thought I had a favorite cocktail.
I love how light and refreshing mojitos are and they lend themselves to experimenting with all sorts of fruit… like this passion fruit mojito, but also something like a blackberry prosecco mojito, coconut lime mojito shooters, or even kiwi key lime mojito popsicles.
I usually go for red wine, but lately, I’ve been more into discovering new cocktails and building a mini bar.I even bought a few bitters and am making some of my own at home! I wish I knew sooner how much fun experimenting with cocktail flavors were.

It’s been mostly cloudy and rainy where I am. Sometimes I look out longingly at the window wondering if I will ever see the sun again. (cue the sad 80’s music and montage) I know I will, but it just seems like an impossibility right now.
It’s like when you’re sick and your nose is stuffy and you just sit there thinking back to all the times you could breathe normally and didn’t appreciate it enough at the time.
This mojito helps me bring a bit of warm weather and sunshine to my home while I slather on coconut oil and wear my bathing suit inside pretending its out out. And no, I’m not ashamed to admit that. You know you do it too.
Or maybe you don’t. In which case, I totally don’t do that either.

Passion Fruit Mojito
prep 8 mins
total 8 mins
author amanda powell
yield 4 servings
A summery passion fruit mojito that tastes like a vacation in a glass

  • 8 passion fruit
  • 1/4 cup fresh mint leaves, plus extra for garnish
  • 5 tablespoons granulated sugar
  • 6 oz light rum
  • 6 tablespoons lime juice (fresh)
  • 4 - 5 ice cubes, plus more for glass
  • Club soda
  1. Cut open the passion fruit and push through a fine mesh strainer to catch all the juice, press hard against the passion fruit to also catch the pulp. Get as much juice and pulp from the passion fruit as possible. Reserve the seeds. Set the juice aside.
  2. In a cocktail mixer, muddle the mint and the sugar together to help release the oils from the mint. Add the rum, lime juice, and ice, then shake vigorously.
  3. Add ice to your glass (preferably a high ball, but not required) and divide the mixture among the glasses. Top with a splash or two of club soda and stir in the passion fruit juice/pulp. Top with mint and passion fruit seeds for garnish (can eat passion fruit seeds)
courses drinks
cuisine american

Nutrition Facts

Amount Per Serving
Calories 180
% Daily Value
* Percent Daily Values are based on a 2,000 calorie diet. Your daily values may be higher or lower depending on your calorie needs.

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