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!

Orange Sunshine Cake

Orange Sunshine Cake
Did you ever fall in love with a food photo? I spotted this recipe on Facebook and fell in love with this Orange Sunshine Cake from Mary at The Egg Farm! Aren’t her photos gorgeous and mouth-watering? I’m so grateful that Mary graciously agreed to share this recipe with us! Thank you so much, Mary!
Cakes like this freeze nicely, so I’m thrilled to add this recipe to my freezable dessert collection! I can think of A LOT of family and friends that are going to love this cake!
Enjoy Mary’s Guest Post!Cara Cara navel oranges look like other navels on the exterior, but their interior is a distinctive pinkish red, they have an exceptionally sweet flavor, and they’re seedless. In my opinion they are the best oranges for peel and eating plain that you will ever find. They are exceptional for use in sweet and savory recipes as well. I adapted a lemon loaf recipe to create my Sunshine Orange Cake.
I baked mine in mini loaf pans but a regular loaf pan or a bundt pan would work well too.
It is good glazed or plain. 
The orange zest and juice along with the lemon juice in this recipe make it perfectly tangy and not too sweet. You can’t help but think “sunshine” when you eat this cake. 

Orange Sunshine Cake
From: The Egg Farm

  • ½ cup heavy cream
  • Juice of 1 lemon
  • 1¼ cup sugar
  • 2 tablespoons orange zest (I used cara cara navel oranges)
  • Zest of one lemon
  • 1½ cups all-purpose flour
  • 1½ teaspoons baking powder
  • 1 teaspoon kosher salt
  • ¼ cup freshly squeezed orange juice
  • 2 large eggs
  • ¼ cup peanut or canola oil
  • ¼ cup Greek yogurt
For the glaze
  • ½ cup powdered sugar
  • 1½ tsp fresh orange juice
  • ½ tsp orange zest
  • 1-2 tsp milk
  1. Preheat oven to 350 degrees. Grease or spray a loaf pan, or 3 mini loaf pans, or a bundt pan.
  2. Pour the heavy cream into a small bowl and add the juice of one lemon. Stir ti mix then set aside for a few minutes until the cream curdles. You are essentially making buttermilk, except it is tastier than real buttermilk!
  3. In a medium bowl, rub the orange and lemon zest into the sugar using your fingertips, until the zest and sugar is well blended. Whisk in the flour, baking powder and salt. Set aside.
  4. In another medium bowl, whisk together the orange juice, eggs, curdled cream, oil and yogurt.
  5. Pour the wet mixture into the flour mixture; stir until just combined. Pour the batter into the prepared pan(s).
  6. Bake until the cake is golden brown and a toothpick inserted into the center of the cake comes out clean. Baking time will vary according to what pan you use. Cool completely in the pan on a wire rack.
  7. For the glaze: Sift the powdered sugar into a medium bowl. Add the orange juice and zest. Mix together. Slowly add the milk stirring until it reaches the stage it can be poured over the cake.


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