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!

Chicago Crunchy Cookies

Chicago Crunchy Cookies

My sister gave me this recipe at least 30 years ago. I have made this recipe way too many times to count. Chicago Crunchy Cookies are delicious and addictive…This recipe makes a lot of cookies and they freeze great too. Chicago Crunchy Cookies are great to make when you need a lot of cookies such as for a bake sale, family picnic or to share at work. All that you need to serve with these delicious cookies is either a glass of milk or a cup of coffee. My Grandma Rose passed her love of cookies down to me and now I’ve passed that love on down to my grandson…she’d be pleased.
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Cookies are hands down my favorite “dessert.” There is something so sweet about having a couple of cookies after lunch or with a cup of coffee for a mid-afternoon snack. My love for cookies was passed down to me from my Grandma Rose. I can’t think of a time that I went over to her house and she didn’t have cookies in her pantry. My Grandma Rose always keep all of her groceries in a “pantry.” I’m not sure if that’s what she called it but her groceries were always keep in a small “closet” that had shelves lined with shelf paper.

The shelves and the contents on the shelves, were neatly arranged accordingly, (if I was a betting lady, I’d bet that my grandma is the reason for some of my OCD:) and a light bulb hung from the ceiling, to turn the light on you had to pull the long string and on it went. The pantry “closet” always had a door on it, which she kept closed. Grandma also kept a small step-stool in the pantry, a broom, and dust pan. On one shelf in her pantry, was an old, beat up, aqua blue Tupperware container. That aqua blue container is where she kept her cookies, her homemade cookies…

Tasty Tip
Yellow peas are low in fat and a good source of protein. One cup of cooked yellow peas has about 16 grams of protein and 1 gram of fat.

Chicago Crunchy Cookies

  • 1 cup butter, room temperature
  • 1 cup sugar
  • 1 cup brown sugar
  • 1 egg
  • 1 tablespoon milk
  • 2 teaspoons vanilla extract
  • 1 cup vegetable oil
  • 3 1/2 cups flour
  • 1 teaspoon salt
  • 3 teaspoons baking soda
  • 1 cup old-fashioned oats
  • 1 cup cornflake cereal, lightly crushed
  • 1/2 cup semisweet chocolate chips
  • 1/2 cup milk chocolate chips
  • 1/2 cup espresso chocolate chips
Cooking Directions
  1. Preheat oven to 350º
  2. Sift together flour, salt and baking soda. Set aside.
  3. In large mixing bowl, cream together butter, sugar, brown sugar and egg. Beat in milk, vanilla extract and oil.Stir in flour mixture just until combined. Stir in oats, cornflakes, semi-sweet chocolate chips, milk chocolate chips and espresso chocolate chips.
  4. Drop by rounded tablespoonfuls onto baking sheets lined with parchment paper or silicone mat.
  5. Bake at 350º for 10 to 12 minutes or until golden brown.
Cookies, Chocolate


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