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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!

ROSEMARY GRAPEFRUIT GIN COCKTAIL

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ROSEMARY GRAPEFRUIT GIN COCKTAIL
Grapefruit Gin Cocktail for the win! These cocktails are fast and fresh, beautifully balanced with a hint of rosemary and honey. Fall in a glass, these cocktails are perfect for weekend entertaining this fall! 
Where are my gin lovers out there!? 
I absolutely love gin and tonics, especially in the summertime with fresh lemon, or basil and cucumber! I’ve always seen gin and tonics as a summer cocktail, until the other month when I came up with this gorgeous rosemary grapefruit gin and tonic with honey simple syrup!
I really want to create some gorgeous fall and winter cocktails that accentuated some beautiful fall flavours! Even though technically grapefruits aren’t in season until about October, I can usually find that grapefruit is available all year round.
To bring a little bit of fall comfort to this recipe, I made the most gorgeous honey and rosemary simple syrup! The result – a beautifully balanced cocktail with just a hint of herbs and honey! It makes you want to just curl up with a good book in front of the fire!
For a cold cocktail, it is so cozy and warming, perfect for a signature fall drink for dinner parties! This post is to remind you, that cocktails are not just for summer!
THIS! This is everything! I can’t believe I’ve never made a honey syrup before! I guess you can still call it a simple syrup because I’m still combing a sugar and a water? But this is the thing that makes this grapefruit gin cocktail next level good!
The syrup is really easy to make – I combined equal parts water to honey with 1 sprig of fresh rosemary. The rosemary brings yet another fresh element to this cocktail, and I promise you, it won’t be overpowering!
LET’S GET TO THE GRAPEFRUIT JUICE
Fresh is best! I squeezed 2 large pink grapefruits to yield around 4oz of grapefruit juice to make two cocktails. If you can’t find fresh grapefruits, store-bought will do but with a slightly different taste.
THE REST
The rest of the cocktail is very simple! Combine the ingredients, drink and enjoy! You can either use tonic water or soda, depending on your own likes. I love using tonic water to resemble more of a gin and tonic, but it is totally up to your own taste buds!
Enjoy, and do you have a favourite fall cocktail combination?

GRAPEFRUIT GIN COCKTAIL
COURSE: COCKTAIL
CUISINE: AMERICAN
KEYWORD: GIN AND TONIC, GRAPEFRUIT GIN COCKTAIL
PREP TIME: 5 MINUTES
COOK TIME: 10 MINUTES
TOTAL TIME: 15 MINUTES
SERVINGS: 1 COCKTAIL
CALORIES: 435 KCAL
AUTHOR: THE HOME COOK'S KITCHEN
Grapefruit Gin Cocktail for the win! These cocktails are fast and fresh, beautifully balanced with a hint of rosemary and honey. Fall in a glass, these cocktails are perfect for weekend entertaining this fall! 

INGREDIENTS
HONEY SIMPLE SYRUP
  • 1/4 cup honey
  • 1/4 cup water
  • 1 sprig rosemary
GRAPEFRUIT GIN COCKTAIL
  • 2 oz pink grapefruit juicefresh squeezed
  • 1 oz honey simple syrup
  • 1 oz gin use good quality gin, 1-2 oz, taste dependent
  • 4 oz tonic or soda or extra to top up
  • ice
  • sprig of rosemary to garnish
US Customary - Metric

INSTRUCTIONS
HONEY SIMPLE SYRUP
  1. Combine ingredients in a small saucepan and bring to a simmer until the sugar has dissolved. 
  2. Let it sit for 5 minutes to let the flavours infuse. 
GRAPEFRUIT GIN COCKTAIL
  1. Combine all the ingredients in a 10oz glass, top with ice and serve. 
RECIPE NOTES
Nutrition information may differ depending on the amount and type of ingredients you use. 

Nutrition Facts
Grapefruit Gin Cocktail
Amount Per Serving
Calories 435
% Daily Value*
Sodium 32mg1%
Potassium 135mg4%
Total Carbohydrates 99g33%
Sugars 99g
Vitamin C18.5%
Iron3.2%
* Percent Daily Values are based on a 2000 calorie diet.



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