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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!

BACON CHEDDAR RANCH PINWHEELS

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These Bacon Cheddar Ranch Pinwheel appetizers are the ultimate party food! Loaded with bacon, cheddar cheese, and creamy ranch flavor, these easy roll-ups are sure to become a new favorite appetizer recipe. Not only are they super quick and easy to make, but they’re easy to transport, too. Which makes them perfect parties, picnics, or game days!
So. We made it back from the waterpark all in one piece. Hooray! And…believe it or not…we had fun! I’m always a bit skeptical, since waterparks aren’t totally my thing…but at the end of the day, you really can’t beat a little time away.

Because even though we spend a lot of time together at home, time away is just different. It looks different, it feels different, and it brings out different sides in people. Some good, some bad, and some just downright funny.
These Bacon Cheddar Ranch Pinwheels are the perfect party food! Loaded with bacon, cheddar cheese, and creamy ranch flavor, they're sure to become your new favorite party appetizer!

Ingredients
  • 8 oz. cream cheese softened
  • 1/4 c. ranch dressing
  • 1/2 c. finely shredded cheddar cheese
  • 6 pieces bacon cooked and chopped
  • 1 Tbsp. minced chives
  • flour tortillas 6 small or 3 large

Instructions
  1. In a small mixing bowl, combine cream cheese and ranch dressing. Mix until smooth.
  2. Stir in cheddar cheese, bacon, and chives.
  3. Spread in a generous layer over tortillas.
  4. Roll tortillas tightly and slice into 1 inch pieces.

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