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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!

Slow Cooker Spiced Wine (Mulled Wine)

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Slow Cooker Spiced Wine (Mulled Wine)
Slow cooker spiced wine is an easy holiday cocktail recipe, made with red wine, apple cider, citrus, and warm spices. The delicious warm drink will be a festive hit at your holiday parties. One of the best crock pot recipes to warm you up from the inside out!
Spiced wine goes by many names—mulled wine, hot wine, grogg, and vin chaud are a few I hear used interchangeably.

If you’ve never had it, spiced wine tastes like a big, fruity red wine crossed with a spicy batch of apple cider, with a hit of brandy and a sprinkle of holiday magic.
Spiced wine is piping hot, smells of cloves and cinnamon, and tastes of the childhood nights my sisters and I spent singing unsolicited Christmas carols to our neighbors and convincing my dad to light our wood-burning fireplace: cozy, welcome, and somehow familiar.
While there isn’t a single best wine for mulled wine, as long as you choose something dry and full bodied, your spiced wine will be delightful.
You can be quite economical with spiced wine. Because of the added flavors, this is a good place to make use of a more budget-friendly bottle. Don’t choose the very bottom shelf, but you can save the super good stuff to enjoy on its own!

Slow Cooker Spiced Wine Recipe
Hot Spiced Wine—the best mulled wine with brandy, apple cider, and spices. This traditional mulled wine is festive, easy, and perfect for parties!
Ingredients:
  • 1 (750ml) bottle red wine (choose something fruity but not too sweet—Merlot, Zinfandel, or Cabernet Sauvignon all work well)
  • 2 cups apple cider
  • 1/4 cup honey
  • 1 orange, zested and juiced
  • 5 whole cloves
  • 4 green cardamom pods
  • 2 cinnamon sticks
  • 1 whole star anise
  • 1/4 cup brandy
  • Orange slices, for garnish
  • Cinnamon sticks, for garnish
Directions:
  1. Add wine, cider, honey, orange zest, and orange juice to a 3-quart or larger slow cooker. Stir to combine. Add the cloves, cardamom, cinnamon, and star anise. Cook on low until warm, 30 minutes to 1 hour, depending on your slow cooker. Stir in the brandy.
  2. Ladle into mugs and serve with an orange slice and cinnamon sticks. To keep the wine warm, leave the slow cooker on the “Keep Warm” setting. If your slow cooker does not have a warm setting, alternate between “Low” and “Off.”

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