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!

Classic Vanilla Rice Pudding

Classic Vanilla Rice Pudding
This Classic Vanilla Rice Pudding is simple to make and highlights the flavor of vanilla as the crown jewel. A favorite recipe of mine with a sprinkle of cinnamon!
Truth: I have spent most of my adult life looking for a good {and easy} Classic Vanilla Rice Pudding.
I’m not kidding, I really have.
I have tried so so SOOO many recipes for rice pudding and really have been disappointed with all of them.
Some Classic Vanilla Rice Puddings were soupy, others a lump of mush.
A few rice pudding recipes had eggs, while others did not.
Some were bland and some were a bit odd tasting.
Because of this, I’m ALWAYS on the hunt for a good recipe and ask everyone if they have a good rice pudding recipe.
Disclaimer: EVERYONE thinks they have a really good rice pudding recipe – which is why I’ve tried countless recipes and never quite been satisfied.
I wanted to find a simple on the stove recipe that didn’t require hours of baking and had zero eggs.
Really, milk and rice when cooked together will give a good pudding consistency so no need to add eggs.
Finally I tried this recipe.
The recipe was a PERFECT pudding consistency (not liquid or glue) and it was incredibly easy to make.
This recipe highlights vanilla as the main flavor component, though you could add raisins or nutmeg or heaps of cinnamon to match your preferred childhood memory.
I however like the simpleness of the vanilla.
It’s not dramatic, or over the top or flashy.
It’s classic, elegant and delicious.
This recipe was a winner in our house and I hope it will be in your house too!
There really is nothing better than a bowl of classic vanilla rice pudding to put you in a nostalgic mood full of childhood memories.
I will point out one thing though, I think this tastes better warm than cold.
So if you have leftovers, store them in your fridge and nuke them the next time you want a tasty treat!

Classic Vanilla Rice Pudding
Cook Time: 50 minutes
Total Time: 50 minutes
Yield: 4 Servings

Ingredients
  • 3 cups of whole milk - a full fat milk like whole will give the best results - anything low fat will be thin and runny.
  • 1/3 cup of uncooked rice (we used Jasmine)
  • 1/4 cup sugar
  • 1 teaspoon vanilla
  • cinnamon
Instructions
  1. In a sauce pan, bring milk to a boil.
  2. Add rice and stir well.
  3. Cook covered with lid cracked for 40 minutes - 1 hour over medium heat, stirring every 15 minutes or so.
  4. Mixture should be thickened.
  5. Add sugar and vanilla and stir.
  6. Let sit for 10 minutes to allow sugar to dissolve and flavors to blend.
  7. Spoon into dishes and sprinkle with a touch of cinnamon.


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