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Call Me A Cab Vodka Lemonade Wine Cocktail

Call Me A Cab Vodka Lemonade Wine Cocktail Wine Cocktails are refreshing and oh so delicious if mixed right. This Call Me A Cab Vodka Lemon...

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PINEAPPLE BANANA SMOOTHIE

PINEAPPLE BANANA SMOOTHIE Start your day with this delicious Pineapple Banana Smoothie. It’s a glass of tropical sunshine with a slight and ...

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Strawberry Raspberry Smoothie

Strawberry Raspberry Smoothie Four simple ingredients and your blender. Great for a breakfast drink or a healthier way to satisfy a sweet to...

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Strawberry Peach White Wine Slushie

Strawberry Peach White Wine Slushie Like this amazing and crazy-easy to make Strawberry Peach White Wine Slushie. Not only is it easy, it’s...

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TROPICAL FRUIT AND SPINACH GREEN SMOOTHIE

TROPICAL FRUIT AND SPINACH GREEN SMOOTHIE Start off your morning with a glass full of this tropical fruit and spinach green smoothie! This ...

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DELICIOUS CINNAMON TEA RECIPE

DELICIOUS CINNAMON TEA RECIPE A sore throat is nothing but an inflammatory response in the throat that causes swelling and pain and can also...

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Keto Crack Coffee

Keto Crack Coffee – A Must-Try Keto Coffee Recipe! Keto Crack Coffee is a MUST-try keto coffee recipe that will get you seriously hoppin’ in...

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Blood Orange Margaritas

Blood Orange Margaritas Blood Orange Season (Kind of a Big Deal)Fair warning: if you have a foodie friend in your life, it's likely that...

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Tiffany Mimosas

Tiffany Mimosas CHELSEA LUPKIN INGREDIENTS 1 slice lemon 2 tbsp. sugar 1/4 c. Blue Curacao, divided 1 bottle Champagne or Prosecco 2 c. lemo...

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Summer Sangria with Watermelon and Pineapple

Summer Sangria with Watermelon and Pineapple This easy and refreshing summer sangria with watermelon and pineapple is a fun twist on sangria...

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Tiffany Mimosas

Tiffany Mimosas CHELSEA LUPKIN PREP TIME:0 HOURS 5 MINS TOTAL TIME:0 HOURS 5 MINS INGREDIENTS 1 slice lemon 2 tbsp. sugar 1/4 c. Blue Curaca...

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Angry Pirate

Angry Pirate Angry Pirate I don't really know the origin of the name, but the "grog" definitely has a lot of visual appeal and...

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APPLE CIDER MARGARITAS

APPLE CIDER MARGARITAS These Apple Cider Margaritas are super simple, but perfectly delicious for fall! They are the perfect cocktail to ma...

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Cranberry Mojito Punch

Cranberry Mojito Punch This Cranberry Mojito Punch is a festive, sparkling, and fruity large-batch cocktail that’s sure to have everyone dan...

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COCKTAIL DRINK

Blue Mule Cocktail Recipe

Blue Mule Cocktail Recipe Blue Mule Cocktail Recipe By Ann A fun, sweet update to the classic Moscow Mule, this Blue Mule is a beautiful co...

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COCKTAIL DRINK

Fireball Cider Cocktail Recipes

Fireball Cider Cocktail Recipes Have you ever tried a Fireball Cider Cocktail? Do not miss out on your chance to “Ignite the night!” Fireba...

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COCKTAIL DRINK

PASSION FRUIT MOJITO

PASSION FRUIT MOJITO A fun and tropical passion fruit mojito perfect for summer parties and BBQs! This simple cocktail recipe will be a new ...

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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!