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!

Apple Cider Sangria

apple cider sangria

For about five minutes — before we remembered that we have an infant, a 6 year-old, two full-time jobs, a not very big apartment, an international business trip this month (sadly, not mine) are now doubting we are actually made of whatever is required to pull this off — we thought we might have a Friendsgiving dinner party this year. I love Thanksgiving and I want more of it in my life, ditto to friends and also dinner parties. Everything about this was going to awesome. I didn’t have to plan the menu to my perfect Thanksgiving dinner because I wrote it in my head probably five years ago and from what I hear, Alton Brown’s turkey recipe is the only one you’ll ever need. (Or should I dry brine? Or maybe this lacquered thing? Or maybe a mash-up of all of them? Or maybe just import a smoked one from Texas and be the most chilled out host in the history of Thanksgiving, ever, amiright?) 

what you'll need

reduced apple cider
a rainbow of apples
mixed

And this is where the fun began. I decided that a new tradition required a new special cocktail that would forever be tied to a time and place. In general, I’m a classicist about sangria. Like most of us, I’ve endured all sorts of disturbing ingredients masquerading as sangria — Sprite, frozen lemonade, coconut rum, basil, a ton of sugar (whhhy) which are all ingredients I’ve pulled from just the first few Google results for sangria — and try not to mess with what’s always worked. But, it turned out, I didn’t have to upend tradition too obnoxiously to make the apple cider sangria of my dreams. For the red wine, I used a dry white. For the brandy, I used an apple brandy or Calvados. Instead of a splash of juice, I used apple cider, which I’d reduced so it would be more concentrated and flavorful. I kept the less traditional Triple Sec in place, because I like the hint of orange, but you can skip it if you are less of a sangria blasphemist. And for the fruit, we used a mix of apples, because like everyone else, we overdid it at the apple farms in October.
The result was even better than I’d hoped, and apple-y in an adult way: subtle and not terribly sweet. As our kids ran up and down the hallways in an sugar-demonic haze, trick-or-treating through a friend’s building last weekend, we grownups got to sip from glasses of, uh, grown-up candy. (While saving the actual candy-thieving for after they fall asleep, as is our parental privilege, of course.)
apple cider sangria



Apple Cider Sangria
Psst, here’s the other reason I rather love having a big pitcher or two of a single, seasonally-perfect, agreeable-to-most cocktail at dinner parties: it saves you a lot of work. Sure, you might still grab a six-pack of beer or a bottle or two of wine or bubbly, but for the most part, most people will drink what you’ve mixed and you won’t spend any time fussing about with tonics and gins and juice and bourbon and vodka. A good cocktail is efficient.
Makes 1 pitcher (about 1 quart) sangria; definitely double for a crowd
1 cup apple cider (the fresh kind, not the fizzy alcoholic kind)
1 bottle dry white wine
1/4 cup calvados or another apple brandy
1/4 cup Triple sec or another orange liqueur
Mixed colors of apples, diced and tossed with lemon juice to prevent browning
Seltzer, sparkling water or sparkling apple cider to finish

Place the apple cider in a small saucepan and bring to a boil over high heat. Reduce about 3/4 of the way, until you have approximately 1/4 cup apple cider left; this will take 10 to 15 minutes. Pour into small bowl set over a bowl of ice water and stir; it will cool very quickly this way.
Pour reduced, cooled cider into pitcher. Add wine, apple brandy and triple sec. Add fruit and let sit in the fridge until needed. Add some fizz right before serving; a slotted spoon will help guests hold back the fruit while pouring their glasses, and spoon some on top, if desired.

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