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!

Fudge Brownies with Chocolate Frosting

Fudge Brownies with Chocolate Frosting
Super moist, super fudgy and slathered with a thick layer of cream cheese chocolate frosting – these brownies will be your new favorite. 
I have a love affair with brownies. Fudgy, dense, chocolate-y. I’d opt for Birthday Brownies instead of Birthday Cake any day.
Now – I love my Triple Chocolate Brownies but recently I’ve been on a quest to create the ultimate fudge brownies with chocolate frosting. Brownies that are chewy, fudgy, super moist AND can smothered in a thick layer creamy chocolate frosting without being too sweet.
You see, my Triple Chocolate Brownies are the type for eating with a spoonful of ice cream and chocolate sauce. But sometimes you need that classic frosted brownie like the ones you buy in a giant slab from the corner bakery.
And today – I have the perfect recipe. They’re dense, fudgy and have a delicious chocolate flavor without being too rich or bitter. Then to top it all off, they’re frosted with cream cheese chocolate frosting. The slight tang of the cream cheese pairs so perfectly with the chocolate and balances out the sweetness.
And because cream cheese frosting > non-cream cheese frosting.
And then that frosting – Oh my…. I’ve honestly debated if I should even make the brownies and not just go straight for this Cream Cheese Chocolate Frosting. It’s creamy. It’s not too sweet. And it’s so delicious. You’ll notice that the recipe makes a rather large amount – but I don’t think anyone will be complaining about the thick slather of frosting on top.
Fudgy Chocolate Brownies with Chocolate Frosting…. It’s LOVE.

For the Brownies
  • 10 tablespoons unsalted butter , 1 stick plus 2 extra tablespoons
  • 1 tablespoon corn syrup
  • 1 teaspoon vanilla
  • 3/4 cup natural unsweetened cocoa , sifted
  • 2 large eggs , room temperature
  • 1 large egg yolk , room temperature
  • 3/4 cup granulated sugar
  • 1/2 cup lightly packed brown sugar
  • 1/2 cup flour
  • 1/4 teaspoon salt
For the Chocolate Cream Cheese Frosting
  • 1/3 cup butter , softened to room temperature
  • 1/3 cup brick-style cream cheese , softened to room temperature
  • 1/4 to 1/3 cup natural cocoa powder
  • 1 - 1 and 1/2 cups confectioner's/icing/powdered sugar , sifted
  • 1/4 teaspoon salt
  • 1 tsp vanilla extract
  1. Preheat the oven to 350F degrees. Line an 8x8 inch square baking dish with aluminium foil leaving an overhang on each side and spray lightly with non-stick cooking spray. Alternatively, line the pan with parchment paper (do not spray with cooking spray if using parchment. Set aside.
  2. In a large microwave safe bowl, melt the butter in short bursts. Once melted, stir in the corn syrup using a large rubber spatula or wooden spoon and allow the mixture to cool slightly. Stir in the vanilla & cocoa - and if there are clumps of cocoa whisk the mixture until it's smooth. Then Add in the eggs, egg yolk & sugars and whisk until combined. Be careful to only whisk the batter until combined and not continue mixing past this point, otherwise the batter will become more cake like because more air is added. Finally fold in the flour and salt using your large wooden spoon or spatula.
  3. Pour the batter into your prepared pan and bake for approximately 30 minutes. The top of the batter should look set - but you won't need to bake past this point. I usually start checking at about 27 minutes. Remove from the oven and allow the brownies to cool in their pan at room temperature.
  4. Once the brownies are cool, make the frosting. In a large bowl using a stand or hand held electric mixer, beat together the butter and cream cheese on medium speed until combined and no lumps remain. Turn the mixer down to low and add in the cocoa. If you prefer a stronger chocolate flavor - add 1/3 cup but if you prefer not quite so strong add only 1/4 cup. Once combined, add in the powdered sugar about 1/2 cup at a time until the desired consistency is reached. The frosting should be thick, but definitely thinner than frosting used for piping. If your frosting seems too thick - add 1 tablespoon of milk or cream. Finally, beat in the vanilla and salt.
  5. Lift the brownies from the pan using the overhang of parchment or aluminium foil and peel back the edges. Frost the brownies using a thick layer and cut into squares. I made 16 total.


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