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!


Loaded with the wonderful flavors of apples, cinnamon, and the sweetness of honey, this Sparkling Apple Pie Cocktail is just perfect for Fall sipping.
For those who know me well, you know I love my bubbles! 
When looking through the cocktails I've shared on The Kitchen is My Playground, I realized I hadn't yet shared a sparkling cocktail for Fall. Sure, I've shared Champagne Margaritas ... and a perfect-for-summer Sparkling Limoncello Cooler ... and even Sparkling Mint Juleps. But nothing just perfect for Fall.
Well, that of course, just had to change. And so I bring you this Sparkling Apple Pie Cocktail. Loaded with the wonderful flavors of apples, cinnamon, and the sweetness of honey, it's just perfect for Fall sipping.
When working on this Sparkling Apple Pie Cocktail, I did run into one little problem though.
The honey!
Loaded with the wonderful flavors of apples, cinnamon, and the sweetness of honey, it's just perfect for Fall sipping.
Now, those of you who know me well also know I'm assistant beekeeper to my beekeeper husband. We adore honey ... in everything. And I adore the hint of honey included in this cocktail.
But do you know what happens when you put honey in a cocktail shaker filled with ice? 
The honey glops up in a big ol' lump on the freezing cold ice, with only about half of it actually dissolving into the cocktail itself. 
And after pouring the cocktail? 
A ribbon of honey sludge is left behind in the cocktail shaker, like it's clinging for dear life to the cocktail shaker sides and ice cubes ... afraid to dive on in to the deliciousness.
But it's actually quite easy to fix this problem.
All you have to do to avoid "honey glop" is make an easy honey simple syrup. Just combine equal parts honey and hot water {hot from the tap ... it doesn't even have to be boiling} and stir until the honey is dissolved. Then let the mixture cool before preparing cocktail.
All you have to do to avoid "honey glop" is make an easy honey simple syrup.
With this quick honey simple syrup solution, it's easy to keep the wonderfully delicious honey sweetness in this cocktail without the trouble of the honey freezing up on the ice cubes. Or glopping up in my cocktail. Or worse yet, getting totally left behind in the cocktail shaker.
I love that.
Another touch I love in this Sparkling Apple Pie Cocktail is one that puts this already-fantastic Fall drink over the top ~ the cinnamon-sugared rim.
I tell ya, when you take a sip of this Sparkling Apple Pie, the cinnamon-sugar rim just adds an extra little jolt of cinnamon and sugar-sweetness that will make you think of a delicious slice of Grandma's apple pie.
A delicious slice of Grandma's apple pie with a drizzle of honey and a sidekick of bubbles, that is. Which, in my book, makes it simply perfect for Fall sipping!
Sparkling Apple Pie Cocktail
For each cocktail:
  • 3 oz. apple juice or apple cider
  • 3/4 oz. cinnamon schnapps
  • 1/2 T. honey
  • 1/2 T. hot water
  • 3 oz. champagne or sparkling wine
  • cinnamon & sugar for rim
  • apple slice for garnish
  1. Combine honey with hot water; stir until honey is dissolved. Allow to cool before preparing cocktail.
  2. Combine a bit of cinnamon and granulated sugar in a shallow dish. Wet the rim of each glass, all the way around, with water. Dip each rim into cinnamon sugar to coat. Set aside.
  3. Place apple juice, cinnamon schnapps, and cooled honey/water mixture in a cocktail shaker filled with ice. Shake for about 20 to 30 seconds until well combined. Strain into prepared glass.
  4. Add champagne and gently stir to combine. Garnish glass with an apple slice.
  5. Enjoy!
Please enjoy these other sparkling cocktails from The Kitchen is My Playground ...


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