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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!

Chocolate & Jerte Picota Cherry Brownies

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Chocolate & Jerte Picota Cherry Brownies
Cherries and Chocolate are a match made in heaven!  But Jerte Picota Cherries make this recipe as they are so deliciously sweet and juicy.

Makes 12
Prep time: 15 minutes
Cooking time:  40 minutes

Ingredients
100g dark chocolate, chopped
100g butter, softened
200g light brown sugar
2 free range eggs, lightly beaten
1 tsp vanilla extract
100g plain flour
150g Jerte Picota Cherries, pitted & halved

Preparation method

1.    Preheat the oven to 180°C/160°C Fan/Gas mark 4.  Grease and line a 20cm square cake tin.
2.    Put the chocolate into a bowl and place over a pan of simmering water making sure the bowl does not touch the water.  Remove when melted and allow to cool slightly.
3.    Meanwhile, place the butter and sugar into a bowl and whisk until light and pale. Gradually beat in the eggs and vanilla extract and the mix through the flour and melted chocolate until mixed through and smooth.
4.    Now fold through the Jerte Picota Cherries and pour into the cake tin.  Bake in the oven for 35-40 minutes.  Allow the brownies to cool and then cut into squares.  Enjoy!
Why Jerte Picota Cherries?

·    The Jerte Picota Cherry is a special variety of cherry that is native to the beautiful Jerte Valley in Northern Extremadura, Spain, 200km west of Madrid. This area is famous for the incredible cherry blossom of more than a million trees that takes place each year.

·         It is a 100% natural product that follows a natural growing season, which is why the arrival of the Jerte Picota Cherry changes each year and why they are only available for six weeks each summer.

·         When the cherries are ready to be harvested at optimum ripeness, they are hand-picked off the trees, leaving the stalks behind, and placed into chestnut baskets. This is why they are sold without a stalk.

·         Jerte Picota Cherries are usually available from the end of June until the beginning of August in the UK, and they are expected to arrive in stores from the beginning of July, due to the cold winter this year.

·         The Jerte Picota Cherry are a P.D.O. Product (P.D.O. standing for Protected Designation of Origin) which certifies that the fruit has been grown, harvested and packed under rigorous quality-controlled procedures and has come exclusively from the Jerte Valley in Spain.

·         The Jerte Picota is not only unique from its P.D.O. status but also from its stalkless harvest and its shape, which has a slight peak to the base, hence the word ‘Picota’ means ‘peaked’.
For more information on Jerte Picota P.D.O., please visit https://cerezadeljerte.org/en/

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