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!

Pumpkin Earthquake Cake

Pumpkin Earthquake Cake
Were they low moments? Probably. Were they also great moments? Oh yeah. Ohhh yeahhhh.
This Easy Pumpkin Earthquake Cake is one of the best fall dessert recipes! Doctored up cake mix is swirled with a cream cheese filling, making a rich, gooey pumpkin cake that’s 100% over-the-top and downright delicious. 
Pumpkin Earthquake Cake
Prep Time 20 mins
Cook Time 35 mins
Total Time 55 mins
Course: Dessert
Cuisine: American
Keyword: pumpkin earthquake cake
Servings: 12
Author: Michelle

Pumpkin Cake
  • 1 box white cake mix
  • 1/2 cup vegetable oil
  • 1/2 cup water
  • 1 cup pumpkin puree
  • 1/2 cup brown sugar
  • 1 tsp pumpkin pie spice
  • 1/2 tsp ground cinnamon
  • 1/8-1/4 tsp ground allspice
  • 1 tsp vanilla extract
  • 3 eggs
Cream Cheese Filling
  • 8 oz cream cheese, at room temperature
  • 3 cups powdered sugar
  • 1/2 cup butter, melted
Additional Ingredients
  • 1 cup pecans
  • 1 cup shredded coconut, sweetened sweetened
  • 1/4 cup milk chocolate chips, optional
  • 1/4 cup butterscotch chips, optional
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  1. Preheat oven to 350 degrees and grease a 9x13 baking pan.
  2. Sprinkle coconut and pecans over the bottom of the baking pan. Set aside.
  3. In a bowl, mix cake mix, vegetable oil, water, pumpkin brown sugar, pumpkin pie spice, cinnamon, all spice, vanilla extract and eggs together. Mix until well combined. Pour batter over the coconut and pecans.
  4. In a separate bowl, whisk (by hand or with a mixer) cream cheese, melted butter, and powdered sugar together. Once combined, dollop spoonfuls of the mixture on top of the pumpkin cake batter.
  5. Using a knife or toothpick, swirl the cream cheese and pumpkin cake together.
  6. Sprinkle chocolate chips and butterscotch chips on top and swirl the chips in with the cake.
  7. Bake for 35-36 minutes. The cake should be set on top but the center should still jiggle lightly when the cake pan is gently tapped.
  8. Allow to cool before serving. Due to the cream cheese in the cake, I prefer to eat this cake cold, but it can be eaten warm or at room temperature as well.
  9. Store leftovers in the fridge.
  10. Enjoy!


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