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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!

WATERMELON LAYER DRINK

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WATERMELON LAYER DRINK
With layers of green, white, and red, this Watermelon Layer Drink is such a fun summertime drink! Would be great for a watermelon themed party or BBQ.
Can you believe it’s August?! No! I’m totally in denial about the fact that we are on the downhill slope of summer. Don’t get me wrong, I love me a good change in seasons. But when you live in Wyoming and it is wintertime 8 months out of the year, summertime is something that you hold onto for dear life! Which is why I’m posting this cute Watermelon Layer Drink recipe today. These layered drinks are pretty much the coolest thing ever to me. Wondering how they work? Here’s how:
This drink is made up of three different kinds of liquids and when making these, it is all dependent on the sugar content of those liquids. The one with the most sugar will go on the bottom, the second most sugared liquid goes next, and the one with the least amount of sugar will go on top. In this case, the Green Apple Gatorade was the only drink I could find with a high enough sugar content to go on the bottom, with a whopping 22 grams of sugar. Now, I’m trying to cut back on my sugar intake, so I’m definitely not complaining, but do you know how hard it is to find a white drink that has less that 22 grams of sugar?! Answer: very.

Don’t worry though. I did it. Sobe Pacific Coconut Lifewater has 20 grams of sugar, which is technically less than the Gatorade and it technically floats on top, but it’s not as defined as it is in our Candy Corn Layered Drink. If you want it as defined as those, I suggest changing up the layers and doing the green on the bottom, a red drink with between 8-15 grams of sugar {shouldn’t be too hard to find}, and Vitamin Water Zero Calorie Lemonade. Either way, this Watermelon Layer Drink is super cute and a perfect drink to say goodbye to summer with!
Watermelon Layer Drink
With layers of green, white, and red, this Watermelon Layer Drink is such a fun summertime drink! Would be great for a watermelon themed party or BBQ.
Course Drinks
Cuisine American
Prep Time 5 minutes
Total Time 5 minutes
Servings 4
Author Sarah Averett

Ingredients
  • Ice {I prefer the pebble ice from Sonic}
  • Green Apple Gatorade
  • SoBe Pacific Coconut Lifewater
  • Fruit Punch G2 Gatorade
Instructions
  1. Fill your cup to the top with ice.
  2. Pour your Green Apple Gatorade over the ice and let it settle on the bottom.
  3. Pour the SoBe Pacific Coconut Lifewater very slowly over the ice and let it settle on top of the Gatorade.
  4. Add more ice, if needed, to keep it filled to the top. Then pour your Fruit Punch G2 Gatorade slowly over the ice and let it settle on top of the SoBe.
  5. Repeat steps for remaining drinks and enjoy!

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