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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!

HONEY MUSTARD SALAD DRESSING

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The BEST Honey Mustard Salad Dressing – made with just 5 ingredients and ready in no time at all! The perfect topping for any salad….and it also makes a delicious dip!
The BEST Honey Mustard Salad Dressing - made with just 4 ingredients and ready in no time at all! The perfect topping for any salad....and it also makes a delicious dip!Save

So. Are you ready for football season? Because, like it or not, it’s literally right around the corner. To be honest, I always have mixed feelings about it. Because there’s something about football season that’s cozy and fun and inevitably leads to having friends over more often…..and yet, if you’re anything like me, it gets to be just. too. much.
The BEST Honey Mustard Salad Dressing - made with just 4 ingredients and ready in no time at all! The perfect topping for any salad....and it also makes a delicious dip!Save

And by the time January rolls around, and every one of our weekends is STILL consumed by football……well, it gets a little old. And I get a little cranky. And no matter how delicious football food is…..the truth is I’ve had enough of it.
The BEST Honey Mustard Salad Dressing - made with just 4 ingredients and ready in no time at all! The perfect topping for any salad....and it also makes a delicious dip!Save

Which is precisely where this Honey Mustard Salad Dressing comes in. Because not only does it make an awesome dip for football food….but it (obviously) makes a delicious topping for any salad. So football season doesn’t have to be ALL football food ALL the time. When you combine mozzarella sticks and chicken wings with salad….it’s basically healthy, right?
The BEST Honey Mustard Salad Dressing - made with just 4 ingredients and ready in no time at all! The perfect topping for any salad....and it also makes a delicious dip!Save

Ok, maybe not. But at least you’re getting some fresh veggies into the mix. This Honey Mustard Salad Dressing is made with just five simple ingredients and comes together in a snap. And it really is equally delicious as a salad dressing OR as a dip for all your favorite foods! Whether you’re a diehard football fan or a little more like me….you’re going to want this Honey Mustard Salad Dressing in your life. And as a bonus? It gets my kids to eat their veggies, too! (You’re welcome!)
The BEST Honey Mustard Salad Dressing - made with just 4 ingredients and ready in no time at all! The perfect topping for any salad....and it also makes a delicious dip!Save

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Honey Mustard Salad Dressing

The BEST Honey Mustard Salad Dressing - made with just 5 ingredients and ready in no time at all! The perfect topping for any salad....and it also makes a delicious dip!
 Prep Time 5 minutes
 Total Time 5 minutes
 Servings 3 /4 cup
 Author Cathy Trochelman

Ingredients

  • 1/2 c. mayo
  • 3 Tbsp. honey
  • 3 Tbsp. dijon mustard
  • 1 tsp. apple cider vinegar
  • pinch cayenne pepper optional
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Instructions

  1. Combine all ingredients and whisk until smooth.
  2. Enjoy on top of your favorite salads or as a dip for all your favorite foods!

The BEST Honey Mustard Salad Dressing - made with just 5 ingredients and ready in no time at all! The perfect topping for any salad....and it also makes a delicious dip!Save

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