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!


Did you quit your New Years’ Resolution diet yet? Promise you didn’t give up chocolate for Lent? Good, then you can have this cake… it’s ooey, it’s gooey, it’s chocolate and marshmallow goodness, and it’s perfect for those intense chocolate cravings. And even better, it’s made in the crock pot, so you can set it, forget it, and come back for that delicious s’mores goodness. If you’re looking for the perfect crock pot cake, this is your best bet!

While I am all about a good diet, and I am still trying to get through mine as best as I can, I’m also okay with a cheat day now and again. And if anything is worth a good cheat, well, it’s this cake… mmm, this gooey, decadent, lava cake. It’s just dripping with chocolatey goodness. But dieters, beware– this treat is RICH. (And so, totally, absolutely worth it).

Start out with your favorite chocolate cake mix. Prepare the ingredients according to package directions. Spray a crock pot with cooking spray, then pour the batter into the slow cooker.

Next, mix chocolate pudding mix with 2 cups of cold milk, whisking according to package directions.

Sprinkle the top generously with mini marshmallows. The mini ones work best here to get nice and gooey, but you’ll get the same flavor if you buy regular marshmallows, and they’ll work just fine, too. Spread the pudding on top of the marshmallows gently.

Top the pudding with graham cracker crumbs and chocolate chips, and you’re all ready to set it and forget it. Place your slow cooker lid on your crock pot, cooking on low for 2 1/2 to 3 hours… that will give it long enough to get gooey, but not overdone. You’ll want to switch the slow cooker off when the edges are done, but not overdone. The inside will continue to cook in the warm slow cooker even as you serve from the edges.

This is one of my favorite cake recipes ever. I know that it’s not the prettiest dessert on the planet, more akin to a cobbler than a layer cake, but the flavor is on point and so amazing that you’ll be making this one again and again!

This crock pot cake is so rich and delicious… a glass of cold milk pairs perfectly with it! From the melted marshmallows to the crumbly graham crackers, and of course, the rich chocolate, you’ll be enjoying s’more flavor all year round. This cake is winter’s answer to that fireplace treat.

Crock Pot S'mores Lava Cake

Prep Time 10 min
Cook Time 3 hr
Total Time 3 hr 10 min

  • Chocolate Cake Mix, plus ingredients listed on the back of the box
  • Chocolate Pudding Mix (4-serving), plus 2 cups cold milk
  • 1/2 Cup Mini Marshmallows
  • 1/4 Cup Crushed Graham Crackers
  • 1/2 Cup Chocolate Chips
  1. Prepare cake batter according to package directions and pour into greased crock pot.
  2. Prepare chocolate pudding mix.
  3. Cover cake mix with mini marshmallows, then carefully spread pudding mix over marshmallows.
  4. Top evenly with graham cracker crumbs and chocolate chips.
  5. Cover and cook on low for 2 1/2 to 3 hours or until edges are done and pudding is bubbly.
Serve warm!


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