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!

BLUEBERRY CUPCAKES WITH BLUEBERRY CREAM CHEESE FROSTING

BLUEBERRY CUPCAKES WITH BLUEBERRY CREAM CHEESE FROSTING
Introduction: Blueberry Cupcakes With Blueberry Cream Cheese Frosting
Makes 30 cupcakes
This blueberry cupcake is so striking, people will take notice. The special magic ingredient is freeze dried blueberries, available at Whole foods, Trader Joes, or Amazon. There are no artificial colors or flavors to make this cupcake and instead it relies on the gorgeous natural color of blueberries.

WARNING: Most freeze dried fruit comes with a packet of silica gel in it. DO NOT pulverize it. Remove the tiny white packet before pulverizing.
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Step 1: Blueberry Cake
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Ingredients
  • 1 cup (2 sticks) unsalted butter, softened
  • 3 cups all-purpose flour
  • 1 tablespoon baking powder
  • 1/2 teaspoon salt
  • 2 cups granulated sugar
  • 1 tablespoon finely grated lemon zest
  • 4 large eggs
  • 1.2 oz (34 grams) freeze dried blueberries, pulverized in a mini food processor
  • 3/4 cup low-fat buttermilk
  • 1/2 cup pureed fresh blueberries
  • 1 teaspoon pure vanilla extract
Directions
  1. Preheat oven to 350 degrees. Line cupcake tins with liners.
  2. Mix together flour. baking powder and salt. Set aside.
  3. In a large measuring cup or bowl, mix together buttermilk, blueberry puree and vanilla extract. Set aside until needed.
  4. Using an electric mixer, beat butter, granulated sugar, and lemon zest in a mixing bowl until pale, about 2 minutes. Add eggs one at a time, mixing well after each addition. Mix in pulverized blueberries.
  5. Mix in flour mixture in three batches, alternating with two batches of buttermilk mixture. Mix until just combined, scraping down bowl as needed. (I like to mix the last bit by hand using a spatula to make sure I get all the stuff at the bottom.) Scoop batter into cupcake tins.
  6. Bake until golden brown and a toothpick inserted into center of cake comes out clean, about 21 to 24 minutes. Allow cupcakes to cool in tins for 10 minutes, and then remove cupcakes and place them on a cooling rack.
Step 2: Blueberry Cream Cheese Frosting
Makes enough to frost 30 cupcakes
1 cup of butter, softened
8 oz of cream cheese, softened
1.2 oz (34 grams) freeze dried blueberries, pulverized in a mini food processor
3-5 cups of confectioners sugar
In a large mixing bowl, mix butter until it is softened and uniform. Add cream cheese and beat together until it is uniform. Add pulverized blueberries. Add 3 cups of sugar to the mixture and mix. Add more sugar if necessary. Mix again until mixture is creamy and spreadable. Add more sugar if necessary, otherwise prepare to frost cake.

Step 3: Frosting
You can use a pastry bag and a Wiltons 1M tip to pipe the rosettes, but the pulverized blueberries can clog the piping tip making piping hard. Another option is to simply ice the cupcakes using a knife, which looks lovely as well. Garnish with fresh blueberries if desired.

Enjoy!



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