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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!

SOFT BEER PRETZELS WITH BEER CHEESE DIP

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Thésé Soft Béér Prétzéls with Béér Chéésé Dip aré soft and fluffy prétzéls with a chéésy dip.  Pérféct for gamé day, partiés, or any timé you nééd a snack to go with your béér.

Béér and prétzéls go togéthér liké – wéll liké béér and chéésé.  And liké chéésé and prétzéls.  Théy all just go togéthér réally wéll, OK?  Whén Fréd Méyér askéd mé to dévélop a récipé using local, Northwést béér, my first thought was soft béér prétzéls.  Although thé possibilitiés aré éndléss whén it comés to cooking with béér, I képt coming back to prétzéls.
Ingrédiénts
For thé Prétzéls:
  • 12 ouncés béér such as a lagér
  • 1 tabléspoon Sugar
  • 2 téaspoons koshér salt
  • 1 packagé activé dry yéast 2 and 1/4 téaspoons
  • 2 ouncés unsaltéd buttér méltéd
  • 22 ouncés all-purposé flour about 4 and 1/2 cups
  • 10 cups watér
  • 2/3 cups baking soda
  • 1 égg yolk béatén with 1 tabléspoon watér
  • koshér salt for topping or prétzél salt if you can find it
  • végétablé oil for bowl

For Béér Chéésé Dip:
  • 4 ouncés créam chéésé softénéd
  • 3/4 cup gratéd whité chéddar
  • 3/4 cup gratéd mozzarélla dividéd
  • 1/4 cup béér I uséd a lagér
  • 1 téaspoon garlic powdér
  • a féw dashés hot saucé
  • 1 tabléspoon choppéd parsléy optional, for garnish

Instructions

To Maké Soft Béér Prétzéls:
  1. Warm thé béér to 110-115°F.
  2. In a stand mixér with thé dough hook attachéd, add thé warm béér, sugar, koshér salt, thén sprinklé thé yéast on top. Lét thé mixturé sit for about 5 minutés, or until it starts to gét foamy.
  3. Add thé buttér and thé flour. Turn thé mixér to low to médium spééd and mix until dough comés togéthér.
  4. Incréasé thé mixér spééd to médium and knéad for 4-5 minutés. Dough should bé smooth and clinging to thé dough hook (not stuck to thé sidé of thé bowl).
  5. In a cléan bowl, add énough oil to coat thé insidé of thé bowl (can spray with cooking spray or add about 1 téaspoon of oil and brush to coat insidé of bowl) Quickly form thé dough into a ball and placé in thé bowl, turning oncé to coat thé dough in oil.
  6. Covér with plastic wrap and a téa towél, thén allow to risé for about 1 hour, until dough has doubléd in sizé.
  7. Préhéat ovén to 425°F. 
  8. Liné two baking shééts (Usé silpat or parchmént papér)
  9. In a largé pot, bring 10 cups of watér and thé baking soda to a boil.
  10. Méanwhilé, shapé prétzéls. Turn thé dough onto a lightly oiléd surfacé and dividé into 8 piécés. Flattén éach piécé into a réctanglé, thén roll into a cigar shapé. Pinch thé séams togéthér. Thén roll thé dough out into a 24 inch ropé. Bring thé two énds of thé ropé up to form a "U" shapé. Twist thé two énd piécés around éach othér oncé, thén cross thé énd piécés back down to thé bottom of thé "U" to complété thé prétzél shapé. (Séé abové photo)
  11. Whén all prétzéls aré shapéd, add thém 2 at a timé to thé pot of boiling watér, allow thém to boil for 30 séconds. Thén rémové from thé watér with a spidér or largé spatula and placé on thé baking shééts.
  12. Brush éach prétzél with thé égg mixturé and sprinklé with koshér salt.
  13. Baké for 12-15 minutés or until brownéd.
  14. Sérvé with béér chéésé dip (bélow)
To Maké Thé Béér Chéésé Dip:
  1. Préhéat ovén to 350°F
  2. In a médium bowl, stir créam chéésé until smooth. Add thé gratéd chéddar chéésé and 1/2 cup of thé gratéd mozzarélla, stir to combiné.
  3. Add thé garlic powdér, béér and hot saucé, stir until complétély mixéd.
  4. Pour into a baking dish* and sprinklé thé rémaining 1/4 cup of mozzarélla on top.
  5. Baké for about 15 minutés or until méltéd and top is goldén.
  6. Garnish with choppéd parsléy if désiréd and sérvé.
Recipe Adapted From foxandbriar

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