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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!

Call Me A Cab Vodka Lemonade Wine Cocktail

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Wine Cocktails are refreshing and oh so delicious if mixed right.  This Call Me A Cab Vodka Lemonade Wine Cocktail is the perfect blend of sweet, dry, and summer!
Call Me A Cab Vodka Lemonade Wine Cocktail
Summer calls for cool drinks, sweet treats, and fun with friends.  All the fun stuff doesn’t have to be for the kids, us adults can enjoy cool drinks and fun with friends too!  That’s why I did some mixin’ in the kitchen and came up with some refreshing summer cocktails.

It’s no secret that I love a good glass of wine, and it wasn’t until I created my Aloha Sunset Wine Cocktail that I ever even thought of mixing wine with other liquors or even juices (unless I was making sangria).  I mean, wine is amazing all on it’s own.  And when I think of mixing wine with juice, I automatically think of grabbing for a bottle of Sauvignon Blanc or Pinot Grigio, both are lighter and a bit sweet at times and would blend nicely with a variety of concoctions I’m sure.

But, I had a bottle of Cabernet Sauvignon in my hand and it’s about 95 degrees here in Florida, and I wanted to sit outside and watch the kids swim for a few.  The Cab seemed a bit too dry (don’t get me wrong, I LOVE a good glass of Cabernet Sauvignon) for summer heat and pool watching, so I opened the refrigerator and grabbed for the kids’ lemonade.
Sweet lemonade and rich Cabernet Sauvignon mix together to make this Call Me A Cab Vodka Lemonade Wine Cocktail the taste of a summer sunset!

Ingredients
  • Ice
  • 6 oz lemonade
  • 1 oz vodka
  • 2-3 oz Cabernet Sauvignon - I used CK Mondavi and Family

Instructions

  1. Place the ice in your desired cup
  2. Pour in the vodka
  3. Pour in the lemonade
  4. Stir gently
  5. Slowly pour on the Cabernet Sauvignon
  6. Enjoy!
Recipe Source:havingfunsaving.com

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