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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!

Cranberry Mojito Punch

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Cranberry Mojito Punch
This Cranberry Mojito Punch is a festive, sparkling, and fruity large-batch cocktail that’s sure to have everyone dancing the night away at your holiday party!
Cranberry Mojito Punch
Cranberries are one of my favorite things about the holidays and this Cranberry Mojito Punch just might be my favorite 
Usually, that’s through Champagne, like in these Champagne Shirley Temples, but I wasn’t really feeling like champagne for this drink and thought a splash of seltzer or sparkling water was a better idea, although, now I’m thinking Champagne mojitos could be a thing!
I really love the sparkle the seltzer added to this cocktail and it was way more fun than a standard club soda, plus it gives the drink extra flavor!
The zesty lime and tart cranberries are a perfect match in this Cranberry Mojito Punch and the essence of mint just amplifies it to a whole new level!
How To Make Cranberry Mojito Punch:
The best part about this drink is that you can make it ahead of time and the longer it sits, the more the flavors infuse! I put together a fun video to show you just how easy this holiday cocktail is to make! Or you can follow these directions!
Add sugar and mint to a pitcher and muddle.
Add the slices of one lime along with 1 cup of fresh or frozen cranberries to the pitcher.
Pour in fresh squeezed lime juice and rum, stir to dissolve sugar.
Pour in cranberry juice concentrate and stir.
Top off with lime seltzer.
Fill glasses with crushed ice, pour punch over ice and garnish with cranberries, mint, and a fun straw
Cranberry Mojito Punch
Prep Time 10 mins
Total Time 10 mins
A festive sparkling cocktail that's sure to have everyone dancing the night away at your holiday party!
Course: Drinks
Cuisine: American
Keyword: cranberry mojito, mojito punch
Servings: 4 drinks
Calories: 323 kcal
Author: Rebecca Hubbell

Ingredients
  • 1/2 cup granulated sugar
  • 1 cup loose fresh mint plus some for garnish
  • 2 limes sliced and divided
  • 1 cup cranberries plus some for garnish
  • 1/2 cup fresh lime juice
  • 1 cup light rum
  • 1/2 cup cranberry juice concentrate thawed
  • 12 ounces lime seltzer
  • crushed ice
Instructions
  1. Add sugar and mint to a pitcher and muddle.
  2. Add the slices of one lime along with 1 cup of fresh or frozen cranberries to the pitcher.
  3. Pour in fresh squeezed lime juice and rum, stir to dissolve sugar.
  4. Pour in cranberry juice concentrate and stir.
  5. Top off with seltzer or sparkling water.
  6. Fill glasses with crushed ice, pour punch over ice and garnish with cranberries, mint, and a fun straw.
Recipe Notes
Replace Rum with extra seltzer for a non-alcoholic version.
If making in advance, wait to add the ice and seltzer until just before serving so as not to water down or lose carbonation.
Sparkling water or club soda may also be used.

Nutrition Facts
Cranberry Mojito Punch
Amount Per Serving
Calories 323
% Daily Value*
Sodium 23mg1%
Potassium 105mg3%
Total Carbohydrates 49g16%
Dietary Fiber 2g8%
Sugars 39g
Vitamin A0.9%
Vitamin C43.2%
Calcium2.3%
Iron2%
* Percent Daily Values are based on a 2000 calorie diet.

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