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!

Melon Ball Punch AKA Bottled Summer

I have been dying to use my melon baller again after using it for my drunken melon balls recipe.  I’d been eyeing this melon ball punch for a long time on Pinterest and with this intense heat we’ve been having, it was time to give her a go! ( with a little tweaking of course ; )

melon ball punch recipe white sangria virgin

If summertime could be bottled up it would taste exactly like this melon ball punch. This punch just screams lazy summer days in the country.
Maybe because it’s bursting with melon-liciousness (love that word) and it’s paired up with tart lime slices and fresh mint leaves, flavors that just compliment each other so well.  Oh FYI:  Now don’t you go letting the taste of the plain drink alone scare you off when you first mix it up like I did.
melon ball punch recipe white sangria virgin

Let me tell ya, when I first mixed this melon ball punch up in the pitcher I was not impressed…. AT ALL. Yes it was good but not something I’d rush to make again. My recipe critic husband was all like….”um…yeah it’s ok. I mean it’s not nasty if that’s what you’re asking”.  But then when I added the frozen melon balls, mint leaves, and lime wedges…HELLOOOOO FLAVOR!!! Wow who would have thunk that those ingredients could awaken this punch so much!  It’s like a virgin white sangria!
melon ball punch recipe white sangria virgin

The melon balls and mint leaves give off their flavors pretty quick and it’s definitely the missing piece to this flavor combination. The mint leaves add that touch of coolness that goes GREAT with the other flavors. So whatever you do, DO NOT SKIP THE MELONS & MINT LEAVES . Promise me!
This melon ball punch would be GREAT for brunches, baby showers, weddings, etc. It presents very well don’t you think?  And we thought it was pretty darn fun having colorful little melon balls in our drink to snack on when we were done. Especially since they were slightly frozen and had soaked up all that yummy punch.
melon ball punch recipe white sangria virgin

Make up a test batch to take poolside with ya. You’ll see that the flavors just gets better and better as it sits.  It’s so refreshing that it got guzzled up pretty fast around here though.
Light, fizzy, perfectly sweetened, refreshing and crisp, yep that pretty much sums it up. Make it!
melon ball punch recipe white sangria virgin

INGREDIENTS

  • 25.4 oz Sparkling white grape juice
  • 2 cups clear lemon lime flavored soda (I used Sprite)
  • 1 cup lemonade (I used Simply)
  • 1 small ripe watermelon
  • 1 small ripe cantaloupe
  • 1 small ripe honeydew melon
  • fresh mint leaves
  • 2 limes, sliced, plus more for garnish if desired

INSTRUCTIONS

  1. In a pitcher stir together grape juice, soda and lemonade.
  2. Place in the fridge to chill.
  3. Use a melon baller to scoop out the flesh of the watermelon, cantaloupe, and honeydew melon.
  4. Place melon balls on a cookie sheet lined with foil.
  5. Freeze.
  6. Once frozen add a few cups of melons balls to pitcher along with fresh mint leaves and slices of lime.
  7. Stir.
  8. Refrigerate for at least 30 minutes to allow the flavors to blend.
  9. Serve cold using additional frozen melon balls as ice cubes.
  10. Garnish glasses with lime slice and mint leaf.

Adapted By divascancook.com

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