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!

BAILEYS CHOCOLATE MINT PUDDING PARFAITS

These Baileys Chocolate Mint Pudding Parfaits combine the classic flavors of chocolate, mint, and Baileys Irish Cream in one delicious no-bake dessert. These pudding parfaits are perfect for St. Patrick’s Day, Christmas, or anytime you’re craving that chocolate mint combo. Made with layers of Baileys-infused chocolate pudding, Mint Oreos, and Creme de Menthe whipped cream, they’re as easy to make as they are to enjoy. If you love Baileys desserts as much as we do, these yummy parfaits are a must!

So! Do you have any fun plans for St. Patrick’s Day? We don’t….and I REALLY feel like we should. Because not only does it fall on a Saturday this year, but the weather forecast says 50 degrees and sunny. Which, at this time of year, sounds like summer!
It’s been a long time since we actually celebrated St. Patrick’s Day, and even though Jorden and his friends planned Kegs & Eggs….at our house….on Saturday, they’ve since come to their senses and cancelled it. Because the reality is we all have kids! Too many kids. And if there’s one thing that’s true, it’s that St. Patrick’s Day and kids do not go together.
So there’s a very good chance that the extent of our celebration will be making a leprechaun trap, enjoying some Baked Reuben Sandwiches, and…if the girls are lucky? Maybe even having Lucky Charms Milkshakes for dessert. In other words, we’ll make it so that St. Patrick’s Day and kids DO go together!

Of course, there’s no reason our day has to be ALL about kids. (I can guarantee that once they’re asleep our night will be all about the Irish Mules…)
And I can also 100% guarantee that March 17th will NOT pass us by without some Baileys Desserts. It’s no secret around here that we love us some Baileys. And we especially love us some Baileys desserts. Whether it’s Baileys Chocolate Mousse or Baileys Chocolate Sheet Cake or this dangerously easy Baileys Chocolate Chip Dip, we love them all. (And this year I’m adding these Baileys Brownies to my must try list!)
And, of course, we love them just a little more on St. Patrick’s Day!
And when it comes to these Baileys Chocolate Mint Pudding Parfaits? Well, there’s something about the Baileys chocolate mint combo that I just can’t get enough of. And I LOVE how easy they are to make!

WHAT IS A PARFAIT?

A parfait is a dessert consisting of layers. It can be made with ice cream, yogurt, fruit, pudding, whipped cream, or a variety of other ingredients. The name “parfait” comes from the French word, which means perfect.

HOW DO YOU MAKE A PARFAIT?

Making a parfait couldn’t be easier! Here’s how:
  1. Choose your parfait dish. A tall dish is traditionally used, but you can decide what works best for you based on what you have available.
  2. Choose your ingredients and the order you’d like to layer them. I like to alternate colors and textures whenever possible.
  3. Spoon or pipe layers into your parfait dish.
  4. Top with whipped cream, cookie crumbs, fruit, or nuts.
  5. Enjoy!

These Baileys Chocolate Mint Pudding Parfaits are the perfect dessert for all your St. Patrick’s Day festivities, and they can easily be made kid-friendly. Simply replace the Baileys Irish Cream with milk and substitute mint extra and green food coloring for the Creme de Menthe…and you’re good to go!

CAN I MAKE PARFAITS AHEAD OF TIME?

Yes! These Baileys Chocolate Mint Pudding Parfaits are a great dessert to make in advance. Simply prepare according to instructions, cover with plastic wrap, and refrigerate until ready to serve. *For best results, add the cookie crumb topping just before serving.


Baileys Chocolate Mint Pudding Parfaits


 Course Dessert
 Prep Time 10 minutes
 Servings 6
 Calories 463 kcal
 Author Cathy Trochelman

Ingredients

  • 1 box Instant Chocolate Pudding Mix
  • 1 cup Baileys Irish Cream
  • 1 cup milk
  • 3 cups whipped topping (*Cool Whip)
  • 6 Tbsp. Creme de Menthe liqueur
  • 12 Mint Oreos, crushed
  • 3 Tbsp. hot fudge topping
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Instructions

  1. In a small mixing bowl, combine chocolate pudding mix, Baileys Irish Cream, and milk. Whisk 2 minutes; let stand 5 minutes to set.
  2. In a separate mixing bowl, combine whipped topping and Creme de Menthe. 
  3. Drizzle hot fudge inside parfait dishes.
  4. Spoon pudding mixture and whipped topping mixture into separate piping bags or Ziplock bags; cut off the tip of each bag. 
  5. Pipe into parfait dishes, alternating between pudding mixture, whipped topping mixture, and crushed Oreos.
Nutrition Facts
Baileys Chocolate Mint Pudding Parfaits
Amount Per Serving
Calories 463Calories from Fat 126
% Daily Value*
Total Fat 14g22%
Saturated Fat 6g30%
Cholesterol 10mg3%
Sodium 409mg17%
Potassium 204mg6%
Total Carbohydrates 62g21%
Dietary Fiber 1g4%
Sugars 45g
Protein 5g10%
Vitamin A2.6%
Calcium9.7%
Iron13.3%
* Percent Daily Values are based on a 2000 calorie diet.
These Baileys Chocolate Mint Pudding Parfaits combine the classic flavors of chocolate, mint, and Baileys Irish Cream in one delicious no-bake dessert. Sav

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