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!


About a year ago, my family took a trip to Fort Lauderdale, Florida.  My husband had a work trip there and we decided to tag along.  We spent the days at the beach and the evenings finding yummy food to eat!  I had some of the best Mexican food there and some of the tastiest gelato.  We took a day and drove out to the Florida Keys and enjoyed a bit of time on Key West.  We only had a few hours there and didn’t get to explore nearly as much as I wished but we enjoyed it.  Well when my sister spent some time in the Keys a month or so ago and sent me a picture of a frozen chocolate covered key lime pie pop, I realized that I needed to make it back asap because I did not eat nearly enough key lime goodness while I was there!

As soon as she sent me the picture, I had lots of follow up questions for her.  She was nice enough to answer them all.  And then I just couldn’t get the idea of a frozen chocolate covered key lime pie pop out of my head no matter how hard I tried!  I already have an absolutely to-die-for Key Lime Pie recipe that is also really easy to make.  So I was dying to try it, frozen and dipped in chocolate!  Thank you to my sister for giving me this inspiration!

My whole family is really excited when I make key lime pie, but when they saw that chocolate was also going to be involved, it was really hard to keep the little fingers away from this long enough to freeze!  But the end result is sooooo worth it!
  • 2 14 oz. cans Nestle Carnation Sweetened Condensed Milk
  • 1 cup Key Lime Juice
  • 2 whole Eggs
  • 10 ″ pre-made Graham Cracker Pie Shell
  • 4 bars Lindt 70% Cocoa Smooth Dark Chocolate Bars (you can use a different brand if you prefer, but I suggest dark chocolate not milk)

  1. Combine sweetened condensed milk, lime juice and eggs in a large bowl and whist until well blended.
  2. Place pie shell on a cookie sheet.
  3. Pour filling into pie shell.
  4. Bake at 325 degrees Fahrenheit for 18-20 minutes.
  5. After your pie is cooked, instead of cooling it in the fridge like a normal Key Lime Pie, go ahead and put it in the freezer for a few hours. It doesn't need to be frozen solid, but it helps if it is a little more firm then if it was just refrigerated.
  6. Cut the pie into slices and place on a foil lined plate.
  7. Place a popsicle stick or paper straw into the pie slice.
  8. Melt chocolate. (You can see my tips and tricks for melting chocolate here.)
  9. Pour melted chocolate over pie slices OR dip pie slices into melted chocolate.
  10. Place in freezer overnight or until frozen solid.


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