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!


COCONUT CREAM PIE – This Coconut Cream Pie has an authentic pie crust, and is filled with a creamy coconut custard, and topped with a mile high pile of whipped cream and dusted with toasted coconut!

I have shared two more savory type recipes with you this week, both the Crazy About BBQ and The BEST Burger — I decided it was high time for something sweet!  This Coconut Cake will suit the sweet tooth just fine.  It’s super duper easy to make.  In fact, I have made a chocolate version, too.
Layers of yellow cake, coconut pudding, whipped cream and toasted coconut will have you swooning! This coconut cake is for the coconut cake and pie lovers alike!
  • 1 box yellow cake mix + eggs, oil and water to prepare according to package instructions
  • 1½ teaspoons coconut extract
  • 4 cups milk
  • 2 (3.4 ounce) boxes of coconut pudding
  • 2 packages Dream Whip, prepared according to package instructions + ½ teaspoon coconut extract
  • 2 cups toasted coconut


  1. Prepare cake according to package instructions in a 9x13 baking dish. (don't forget to add the coconut extract to your mix!) Bake until toothpick inserted in center comes out clean.
  2. While cake is baking, prepare the two boxes of coconut pudding with the four cups of milk. Place in fridge until ready to use.
  3. When cake has cooled a few minutes, with the handle of a wooden spoon (or something similar in size) make poke holes all over the cake, poking all of the way down to the bottom of the pan.
  4. Pour the pudding mixture over the warm cake, using the back of a spoon to spread the pudding over the top, making sure it gets down in the holes. Place cake in the refrigerator to completely cool.
  5. Prepare Dream Whip according to package instructions. Spread over the top of the pudding. Sprinkle with toasted coconut.
  6. Refrigerate until ready to serve, and keep in the refrigerator.


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