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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!

CAKE MIX BISCOTTI

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CAKE MIX BISCOTTI
Cake Mix Biscotti is a simple shortcut recipe that is endlessly adaptable! It’s crunchy on the outside, tender on the inside with the perfect amount of sweetness. Mix and match your favorite flavor combos!
I know Cake Mix recipes automatically turn some of you off. I hear you loud and clear. BUT I will say, I am not above a cake mix shortcut from time to time. Certainly, “from scratch” is the goal, but I love an alternate way to do things. I mean, why not?
So that’s where we are today. Taking a shortcut on a beloved cookie that actually ends up sparking a TON of creativity…lemme splain…
I have created a very basic template for you here today, but where you take the flavor combinations on this cake mix biscotti recipe is TOTALLY up to you. My recipe is a simple vanilla biscotti with chocolate chips and pecans, which can totally be enough. BUT let’s think about this for a quick sec…

What if we used Chocolate Cake Mix instead of vanilla and add in chocolate chips? You’ve got a Double Chocolate Biscotti.
Maybe use a vanilla cake mix and instead of nuts you use craisins, and instead of chocolate chips you use white? You’ve got a White Chocolate Cranberry Biscotti!
ORRRRR use a Spice Cake Mix and add in candied ginger and slivered almonds…BOOM…Holiday Biscotti!

There are so many possibilities here, but let’s start at the beginning.
Just grab a cake mix flavor of your choice. Add in one stick of melted butter, 3 eggs, an extra cup of flour and a little vanilla extract. That’s your base.
I stirred in some mini chocolate chips and pecans to add a little something special.

Then divide the dough into two equal parts and form them into logs.
Bake the dough for 30(ish) minutes and then let them cool for 15 minutes.

THEN slice them into biscotti pieces!
Carefully place each slice back on your baking sheet, lower the oven temp a little and then bake for an additional 10 minutes.
Flip them over once during the second bake to get them golden on each side, and then transfer them to a wire rack to cool completely!
My kids love dunking these in milk, and I love having one with my morning coffee.
With so many flavors combos I can’t WAIT to see what you guys come up with! Give me all your ideas!

Cake Mix Biscotti
Author: Shelly 
Prep Time: 10 minutes 
Cook Time: 40 minutes 
Total Time: 50 minutes 
Category: Cookies 
Cuisine: Dessert

Description
Cake Mix Biscotti is a simple shortcut recipe that is endlessly adaptable! It’s crunchy on the outside, tender on the inside with the perfect amount of sweetness. Mix and match your favorite flavor combos!

Ingredients
  • 1 (15.25) box vanilla cake mix
  • 1 cup all purpose flour
  • 1/2 cup butter, melted
  • 3 eggs
  • 1 teaspoon vanilla extract
  • 1 1/2 cups mini chocolate chips
  • 3/4 cup chopped pecans
Instructions
  1. Preheat oven to 350°F. Line a baking sheet with parchment paper and set aside.
  2. In the bowl of your stand mixer fitted with the paddle attachment combine the cake mix, flour, butter, eggs, and vanilla. Mix on low for 30 seconds, and then turn the mixer up to medium and mix for 2 minutes until combined, scraping the sides of the bowl as necessary.
  3. Add in the chocolate chips and pecans and mix on low until evenly incorporated. Dough will be thick.
  4. Lightly sprinkle a clean counter top with flour. Divide the dough in half. Roll each half of the dough into a 12×2- inches log. Place both logs onto the prepared baking sheet, and bake for 25-30 minutes, until the edges are golden. Reduce oven temperature to 325°F. Cool on the baking sheet for 15 minutes.
  5. Using a serrated knife, carefully slice the logs into 1- inch slices. Arrange the slices evenly onto the baking sheet and place back in the oven for 10 minutes, flipping cookies over once halfway through baking.
  6. Transfer to a wire rack to cool completely.
Notes
  • Store airtight for up to a week.
  • Use any combination of cake mix and add-in flavors that you like!

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