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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!

Keto Wendy's Chocolate Frosty

DESSERT Edit

Make This Wendy’s Inspired Keto Chocolate Frosty

Are you a fan of Wendy’s chocolate frosty?

It’s pretty much one of my favorite treats EVER! If you miss that creamy chocolate treat also, here’s an easy way to make a copycat Wendy’s chocolate frosty that tastes very similar to the real deal! The texture is kinda like a frozen mousse, and I think you’ll really like it as a low carb satisfying treat!

This idea uses just five simple ingredients!

The best part is, it whips up in just a few minutes. Hooray for crazy easy dessert ideas!

I added just a tablespoon of almond butter, but you can use cream cheese for even fewer carbs. I used liquid Stevia, but feel free to use your favorite sweetener of choice and adjust to taste.

Keto Wendy's Chocolate Frosty

Indulge in this creamy, chocolate frosty that's both delicious and EASY to make!

Course Dessert

Cuisine American

Prep Time 10 minutes

Passive Time 1 hr

Servings 4

INGREDIENTS

1 cup heavy whipping cream
1 tablespoons almond butter
2 tablespoons unsweetened cocoa powder
5 drops liquid Stevia
1 teaspoon vanilla extract

INSTRUCTIONS

Mix all ingredients together using egg beaters until stiff peaks form.
Place in the freezer for about 30-60 minutes until barely frozen.
Place frosty in a plastic freezer bag, cut one corner, and pipe into separate small cups.

This looks fancy, but it was super easy to create!

To get the fancy soft serve look, scoop the chocolate frosty in a plastic freezer bag, cut the end from the corner, and pipe into small cups. It’s a very rich dessert, so the serving size is small. I love that it’s a creamy and smooth dessert idea. Perfect if you’re in the mood for a Frosty!

Nutrition Facts

Keto Wendy's Chocolate Frosty

Amount Per Serving

Calories 241Calories from Fat 225

% Daily Value*

Total Fat 25g38%

Saturated Fat 14g70%

Trans Fat 0g

Polyunsaturated Fat 1g

Monounsaturated Fat 6g

Cholesterol 82mg27%

Sodium 23mg1%

Potassium 87mg2%

Total Carbohydrates 4g1%

Dietary Fiber 1g4%

Sugars 2g

Protein 3g6%

Vitamin A17%

Vitamin C1%

Calcium5%

Iron3%

* Percent Daily Values are based on a 2000 calorie diet.

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