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!

White Chocolate Chip Cookies

White Chocolate Chip Cookies
These white chocolate chip cookies are extra soft, super chewy, and filled with delicious white chocolate in every bite. Switch up your chocolate chip cookies by making this delicious white chocolate variety.
Chocolate chip cookies are obviously a classic. But sometimes even a classic needs a revamp – and that’s why today we’re making these white chocolate chip cookies. They have a delicious buttery vanilla flavor, the softest chewiest texture around, and they’re seriously packed with white chocolate chips.
If you love white chocolate – these white chocolate cookies are an obvious choice. But even if you typically opt for milk, semi-sweet or dark – I highly recommend giving these delicious morsels a try.
White Chocolate Chip Cookie Recipe
Ok – so I know what you’re thinking. Can’t I just sub chocolate chips for white chocolate chips in my favorite cookie recipe? Well…. you could if you wanted to.
However, white chocolate has a distinctly different flavor than milk chocolate or semi-sweet. It’s sweeter and obviously void of cocoa. Since the flavor is quintessentially different, I needed to make a different cookie recipe for white chocolate chips so that the balance of sweetness was still on point and that the cookies didn’t taste too rich.
I also wanted them to be extra chewy & super soft.
So – to get started we’re using a combination of butter and shortening. Cookies with butter have a lot more flavor, but cookies with shortening have that perfect soft and chewy texture. Using a combo of both, therefore, gives flavor and improves the chew factor. As well, because white chocolate is pretty rich already, you won’t miss the extra flavor from using entirely butter.

Then we’re using more brown sugar than white sugar. I love using brown sugar in cookies for a few key reasons:
It adds more depth of flavor
It creates a delicious butterscotch-caramel undertone
It adds more moisture and therefore chewiness
There’s also a good amount of vanilla extract, and just enough salt to balance off the sweetness.
Then the final ingredient for extra soft cookies???? Cornstarch. It seriously makes the texture to die for 
What’s also incredible about these white chocolate chip cookies is that there’s no need to chill the dough. They stay thick enough without having to place the dough in the fridge first – so you can go from craving to cookies in no time. But if you prefer extra thick cookies, or are planning to use a large cookie scoop (dough balls about 3 tablespoons in size) I’d recommend chilling the dough for even 20 minutes.

Now for a few cookie questions:
Can I use white chocolate chunks instead of chocolate chips? Go for it! Just make sure they aren’t too big, otherwise, they can cause cookie spreading.
I don’t have cornstarch – what should I do? I’d add 1 more tablespoon of flour. They won’t be quite as soft, but still super delicious.
Can I use 100% butter instead of some shortening too? You can… You’ll need to add some extra flour though. I’d use 2 3/4 cups all-purpose flour if you want to substitute the shortening for more butter.
I want to make giant cookies, how long will they bake for? I made my cookies about 1- 1.5 tablespoons in size and they took 9-11 minutes to bake. For large cookies – say about 3 tablespoons in size – they’ll bake for about 13-16 minutes.
My cookies spread and were too thin. What happened? Having butter that’s too soft or almost melted can cause this, or adding not quite enough flour. If you bake one tray and notice they’re spreading too thin, pop the cookie dough in the fridge to firm up. Or next time add 1-3 more tablespoons of flour.
These white chocolate chip cookies are seriously chewy, have the perfect flavor to match all the delicious white chocolate, and are such a delicious way to switch up an old favorite.

White Chocolate Chip Cookies
Prep Time 20 mins
Cook Time 10 mins
Total Time 45 mins

These white chocolate chip cookies are extra soft, super chewy, and filled with delicious white chocolate in every bite. 
Course: Dessert
Cuisine: American
Keyword: Chocolate Chip Cookies, Cookies, White Chocolate, White Chocolate Chip Cookies

Ingredients
  • 3/4 cup unsalted butter , softened
  • 1/4 cup shortening
  • 1 cup brown sugar
  • 1/2 cup white sugar
  • 2 teaspoons vanilla extract
  • 2 large eggs
  • 2 2/3 cups all-purpose flour
  • 1 tablespoon cornstarch
  • 1 teaspoon baking soda
  • 1/2 teaspoon salt
  • 1 3/4 cups white chocolate chips , divided
Instructions
  1. Preheat the oven to 350F degrees. Line baking sheets with parchment paper or baking mats.
  2. In a large bowl beat together the butter, shortening, and sugars until fluffy (about 2 minutes).
  3. Beat in the vanilla and eggs.
  4. In a medium bowl whisk together the flour, cornstarch, baking soda & salt.
  5. Carefully beat the flour mixture into the butter about 1/2 at a time. I usually start with the mixer on low speed, then turn it up to medium as I go.
  6. Turn off the mixer and stir in 1 1/2 cups white chocolate chips.
  7. Form the dough into balls about 1 to 1.5 tablespoons in size. Place 2 inches apart on the lined cookie sheets. Do not flatten.
  8. Bake one tray at a time on the middle rack for 9-11 minutes or until the tops look just set. 
  9. Remove from the oven and dot the tops of each cookie with a few extra chocolate chips (optional).
Recipe Notes
*Store cookies in an airtight container for up to 5 days.
**How to Freeze Cookie Dough. Make the cookie dough and form it into balls. Place the balls in a ziploc bag and freeze for up to 2 months. Bake from frozen - they'll likely take about 1 extra minute to bake.



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