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!


You don’t have to be on #TeamIronMan to enjoy this Iron Man Cocktail. All you have to be is ready for a good time! For those of you who are over 21, this cocktail recipe goes perfectly with any Marvel movie that features Iron Man, as well as the current box office hit, Avengers: Infinity War!
This cocktail craves the limelight at a party, much like Tony Stark. Grenadine and gold sanding sugar bring in the colors of Iron Man’s suit while the liquors marry together for an explosion of flavor. You’re going to want to mix these up for your next get together or movie night!

Ingredients for Iron Man Cocktail
  • 1oz Cherry Vodka
  • 1oz Bacardi
  • 1oz Tequila
  • 2oz Pineapple juice
  • 2oz Sweet and Sour mix
  • 1 tsp Grenadine
  • Maraschino Cherries
  • Ice
  • Gold Sanding sugar
  • Simple syrup
  1. First, pour gold sanding sugar and simple syrup onto separate small appetizer plates. Next, take your glassware and dip the rims in the simple syrup, followed by the gold sanding sugar. Set the glasses to the side. Now, fill your glasses with ice, about 3/4 of the way full.
  2. In your glass, slowly pour in all of your liquors, grenadine, and sweet and sour mix. Layer them darkest to lightest to give the ombre effect to the drink. Lightly stir, then top it off with pineapple juice and garnish with cherries. Now you are ready to sip and enjoy this Iron Man Cocktail!


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