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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!

LOW CARB KETO EVERYTHING BAGELS

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Starbucks Chonga Bagel Copycat Recipe – All the flavors of your favorite Everything Bagel, but without all the carbs and gluten. Low Carb Keto Everything Bagels


I miss the days of going to Starbucks for a mocha and a toasted Chonga bagel with cream cheese. The chonga bagel is their version of an Everything Bagel, with the addition of cheddar cheese. Sinfully delicious. There are not a lot of things I miss from my old lifestyle, but those morning trips to Starbucks are one of them.

LOW CARB KETO EVERYTHING BAGELS RECIPE



INGREDIENTS

  • 2 cups almond flour (get it here)
  • 1 tablespoon baking powder
  • 1 teaspoon garlic powder (I use this brand)
  • 1 teaspoon onion powder
  • 1 teaspoon dried Italian seasoning
  • 3 large eggs, divided
  • 3 cups shredded low moisture mozzarella cheese
  • 5 tablespoons cream cheese
  • 3 tablespoon Everything Bagel Seasoning (Recipe Below)


INSTRUCTIONS

  1. Preheat oven to 425°. Line a rimmed baking sheet with parchment paper or a Silpat.
  2. In a medium mixing bowl, combine the almond flour, baking powder, garlic powder, onion powder, and dried Italian seasoning. Mix until well combined. I like to put the mixture through a flour sifter to ensure that all the baking powder gets mixed in with the rest of the ingredients.
  3. Crack one of the eggs into a small bowl and fork whisk. This will be the egg wash for the top of the bagels. The other two eggs will go in the dough.
  4. In a large microwave safe mixing bowl, combine the mozzarella cheese and cream cheese. Microwave for 1 minute and 30 seconds. Remove from microwave and stir to combine. Return to microwave for 1 additional minute. Mix until well combined.
  5. To the mixing bowl, add the remaining 2 eggs and the almond flour mixture. Mix until all ingredients are well incorporated. If the dough gets too stringy and unworkable, simply put it back in the microwave for 30 seconds to soften and continue mixing.
  6. Divide the dough into 6 equal portions. Roll each portion into a ball.
  7. Gently press your finger into the center of each dough ball to form a ring. Stretch the ring to make a small hole in the center and form it into a bagel shape.
  8. Brush the top of each bagel with the egg wash.
  9. Top each bagel with Everything Bagel Seasoning.
  10. Bake on the middle rack for 12-14 minutes or until golden brown.
Everything Bagel Seasoning Recipe
Ingredients :

  • 1/4 cup toasted sesame seeds
  • 3 tablespoons, plus 1 teaspoon poppy seeds
  • 3 tablespoons, plus 1 teaspoon dried minced onions
  • 3 tablespoons, plus 1 teaspoon dried garlic flakes
  • 2 tablespoons coarse sea salt
Instructions :
  • Mix all of the ingredients together and store in an airtight container or spice jar. Shake before using.

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