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!

BEST EVER SALTED CARAMEL PUDDING CAKE

BEST EVER SALTED CARAMEL PUDDING CAKE
This Best Ever Salted Caramel Pudding Cake is so moist and flavourful with the perfect balance of salty and sweet! A tender caramel-flavoured cake is topped with salted caramel frosting, caramel sauce, and flaked sea salt!
I don’t know about you but I LOVE sweet and salty treats! I’ve told you before that if I had to choose between sweet and salty that I’d choose salty every time, but both at the same time? Now we’re talkin’! This Best Ever Salted Caramel Pudding Cake is the perfect sweet and salty cake – I enjoy caramel, but I sometimes find it just a little bit too sweet for my tastes. Salted caramel, on the other hand, is perfect!
There’s this ice cream parlour in the old town of the city nearest to us that we go to whenever we happen to be strolling down the old town cobblestone streets. It’s our favourite place to go because it’s the only ice cream shop that serves dairy-free ice cream in addition to the regular stuff (my husband is dairy-free), and they have an amazing Cream with Salted Caramel flavour that’s always my first choice. It’s SO delicious, and it reminds me so much of the flavours in this Best Ever Salted Caramel Pudding Cake!
I hope you love this Best Ever Salted Caramel Pudding Cake as much as we do! Let me know in the comments below, what’s your favourite sweet and salty treat? I’d love to know!

Best Ever Salted Caramel Pudding Cake
This Best Ever Salted Caramel Pudding Cake is so moist and tender with salted caramel frosting, and caramel sauce - the perfect balance of salty and sweet!
Course Baking, Dessert
Cuisine American, Autumn, Baking, Cake, Dessert
Keyword Best Ever Salted Caramel Pudding Cake, Salted Caramel Cake
Prep Time 20 minutes
Cook Time 1 hour
Total Time 1 hour 20 minutes
Servings 12 servings
Author Chrissie (thebusybaker.ca)

Ingredients
For the cake:
  • 3/4 cup unsalted butter, softened
  • 1 1/2 cups white sugar
  • 100 grams caramel pudding powder (approximately one 4-serving box, don't use low fat or low sugar variety)
  • 4 eggs
  • 1 1/4 cup milk
  • 1/3 cup vegetable oil
  • 1/2 teaspoon vanilla extract
  • 1 3/4 cup all purpose flour
  • 3 tablespoons cornstarch
  • 4 teaspoons baking powder
  • 1/2 teaspoon sea salt
  • butter and flour for greasing the cake pan
For the frosting and caramel sauce:
  • 1/2 cup unsalted butter
  • 1 cup brown sugar, packed
  • 2/3 cup heavy cream (whipping cream)
  • 1 cup powdered sugar, sifted
  • 1/2 teaspoon sea salt
  • sea salt flakes for garnish
Instructions
For the cake:
  1. Preheat your oven to 350 degrees Fahrenheit.Prepare a 9-inch bundt pan by greasing it with butter and coating the inside of the pan evenly with a thin dusting of flour. Set aside.
  2. In the bowl of your stand mixer fitted with the paddle attachment (or in a large bowl with a hand mixer), cream the butter and sugar until light and fluffy (about 4 minutes).
  3. Add the pudding powder and whip on high speed until incorporated.
  4. Add the eggs one at a time, mixing well after each addition.
  5. Combine the milk, vegetable oil, and vanilla extract in a separate bowl or pyrex measuring cup and whisk with a fork to combine. 
  6. Add the milk mixture to the butter mixture slowly, mixing well until combined.
  7. Add the flour, cornstarch, baking powder and salt, and mix on low speed just until the batter forms and no streaks of flour appear.
  8. Finish mixing by hand with a rubber spatula to be sure the batter is well combined (mixing with the electric mixer at this stage can cause over-mixing, so it's best to finish it gently by hand).
  9. Pour the batter into the prepared bundt pan and bake at 350 degrees Fahrenheit for about 60 minutes (sometimes it requires 65 or even 70 minutes), or until a toothpick inserted into the middle of the cake comes out clean.
  10. Cool in the pan for about 15 minutes and then invert onto a cooling rack before removing the pan to let the cake cool completely. If the pan feels a little difficult to remove, let it cool inverted on a cooling rack for another 10 minutes before trying again to remove the pan. Greasing and flouring the pan well before baking will ensure the cake is easy to remove, and using a non-stick bundt pan is a great choice.
  11. Let the cake cool completely on a cooling rack before adding the frosting.
For the frosting:
  1. While the cake is baking or cooling, add the butter, brown sugar, and heavy cream to a medium saucepan over medium heat. 
  2. When the mixture has heated and begins to bubble, whisk gently but constantly for about 5-6 minutes or until the mixture turns dark in colour and thickens slightly.
  3. Remove the mixture to a shallow bowl to cool for about 20-40 minutes.
  4. When the caramel has cooled to room temperature, divide it in half reserving half for topping the cake at the end.
  5. To the other half of the caramel sauce, add the powdered sugar and whip them together on high speed until a thick, barely pourable glaze forms. You might have to add 1-3 teaspoons of heavy cream to the mixture (depending upon the texture of the powdered sugar you're using) to create this texture.
  6. Pour and spread the frosting over the top of the cake and let it drip down the sides ever so slightly.
  7. Drizzle the extra caramel sauce you set aside over top of the frosting (you might not need all of it) and top with sea salt flakes before serving.


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