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!


Best Ever Chocolate Chip Cookies. I know calling them the best chocolate chip cookies EVER is a stretch, but out of every chocolate chip cookie I’ve ever tried in my life , these cookies are the absolute best! They’re incredibly soft, chewy and delicious — and best of all they’re loaded, I mean loaded with chocolate chips and chocolate chunks! The perfect chocolate chip cookie.

There’s nothing better than a fresh batch of big, warm and soft chocolate chip cookies with a glass of cold milk at the side for dunking. The chewy and buttery dough stuffed with loads of chocolate chips is just unbeatable!

These cookies are the absolute best! They’re incredibly soft, chewy and delicious - and best of all they’re loaded, I mean LOADED with chocolate chips AND chocolate chunks! The perfect chocolate chip cookie.

  • 1 cup unsalted butter, cold
  • 1 cup light brown sugar, packed
  • 1 cup granulated sugar
  • 2 large eggs, room temperature
  • 1 and 1/2 tsp pure vanilla extract
  • 2 and 1/2 cups all purpose flour
  • 2 tsp cornstarch
  • 1 tsp baking soda
  • 1 tsp salt
  • 1 cup semisweet chocolate chips + more for topping
  • 1 cup chocolate chunks + more for topping
  1. Line a baking sheet with parchment paper or a silpat mat. Set aside.
  2. Microwave the cold butter in 20 second intervals until the butter is halfway melted.
  3. In the bowl of a stand mixer fitted with a paddle attachment, add the semi melted butter and both sugars. Beat on medium speed until fully combined, about 1-2 minutes.
  4. Turn the mixer to medium-low speed and add eggs one at a time and mix until just combined. Add vanilla and mix until combined. Do not overmix.
  5. In a separate bowl, add flour, cornstarch, baking soda and salt. Whisk to combine.
  6. Add dry ingredients to the stand mixer bowl and mix until fully incorporated. Fold in chocolate chips and chocolate chunks.
  7. Cover bowl with plastic wrap and chill in the refrigerator for at least 1-2 hours or overnight.
  8. Preheat oven to 350°F. Remove cookie dough from refrigerator and scoop out 1/4 cup of cookie dough. Roll dough into a ball, then rip it in half. Smush the dough balls back together, ripped side up.
  9. Repeat with remaining dough, spacing them about 2 to 3-inches apart on the cookie sheet so they have space to spread.
  10. Bake in preheated oven for 10-12 minutes, or until edges are set and the center of the cookies still look undercooked. Rotate the sheet at the 6 minute mark so the cookies can bake evenly.
  11. Remove from oven and immediately press more chocolate chips and chunks on top. Allow to cool on baking sheet for 15 minutes, then transfer to a wire rack to cool completely. Repeat with remaining cookies.
  12. These cookies are best served warm, but you can store the leftovers in an airtight container at room temperature.
  • If you bake the cookies right away, they will spread too quickly and flatten. Chilling the dough results in a cookie that spreads less, is chewier and all around tastes better!
  • I highly recommend using a mixture of chocolate chips and chocolate chunks, but if you can’t find chocolate chunks feel free to use all chocolate chips.

Recipe Adapted : BEST EVER CHOCOLATE CHIP COOKIES @ queensleeappetit


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