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!

NEON EGG DYING

NEON EGG DYING

Dying Easter eggs with glow-in-the-dark egg dye is one of our favorite spring activities.
With that in mind I set out to create a new way to decorate glow-in-the-dark Easter eggs!


Set up for this activity was really easy, and my kids absolutely loved it! The process and end result were stunning! If you are looking for a creative way to decorate Easter eggs with your kids I would definitely give this a try.
Neon Egg Dying with Shave Foam

Materials 
  • Hard boiled eggs
  • Shaving cream
  • Glow in the dark or neon paint
  • A shallow container
  • Paper towels
  • A spoon or similar for swirling
  • Note: If using neon paint you will need a blacklight. This is the paint that we typically use. Be sure to read our tips & tricks at the bottom of the post for a few helpful pointers.
Method
  1. Fill a shallow container with shaving cream. 
  2. Even out the surface of the shaving cream with a spoon, and then add the glowing paint of our choice to the surface. I added mine in rainbow order.

Use a spoon or similar to gently swirl the colors until you are happy with the effect.


Then, gently place cool, hard boiled eggs into the shaving cream. 

Let the eggs sit in the shaving cream for 5-10 minutes.

Once enough time has passed turn the eggs in the shave foam, and allow them to sit for an additional 5-10 minutes. 
Once all sides of the eggs have seeped in the shaving cream carefully remove the eggs from the foam and place each one on it's own paper towel.

Carefully wrap the paper towels around the egg(s) and squeeze gently. Do not wipe or rub, as the eggs coloring needs time to dry. Continue to gently dab the eggs until the access shaving cream is removed.
The Easter eggs will be slightly damp & sticky at first, but after 20 minutes or so they will be dry and absolutely stunning!

This entire egg decorating process is amazing! My girls had so much fun and are already asking to make rainbow glow eggs again! 
Give glow-in-the-dark Easter egg decorating a try. Your kids are sure to love it!

A Few Tips: 
You can use neon paint or glow in the dark paint for this activity. 
If using neon paint you will need a blacklight. You will see the most intense results under a blacklight. I highly recommend using one for the best results.
If you do not have a blacklight you can get the one we used for this activity on Amazon here. 
We used a rapid egg cooker to hard boil our eggs and absolutely love it! You can check that out here.

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