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 STARBUCKS PUMPKIN SCONES




These Best Ever Starbucks Pumpkin Scones are everyone’s favourite fall treat for pumpkin season! And they taste even better than Starbucks’ Pumpkin Scones – they’re more moist and tender, and even more delicious!


If I had to nail down my favourite fall recipe of all time it might have to be these Best Ever Starbucks Pumpkin Scones. I’ve mentioned before that I’m not much of a coffee fan, but that didn’t stop me from frequenting the Starbucks drive through several times a week on my way to work (in my previous life when I had a “real” day job, that is). Aside from their Pumpkin Spice Lattes, their Pumpkin Scones were the real reason I went so often. That is, until I started making these delicious scones at home myself!

I’ve been making these Best Ever Starbucks Pumpkin Scones for years and years and funnily enough they were actually what prompted me to start this blog in the first place! Yes, you read that right…I made these scones for some friends one day and one of them remarked that I needed to start a food blog to share all my delicious recipes like this. Almost 4 years later, here we are and I’m FINALLY getting around to sharing these amazing Best Ever Starbucks Pumpkin Scones with YOU!

TROUBLE IN SCONE PARADISE? TRY MY BEST TIPS FOR DELICIOUS, FLAKY, MOIST SCONES EVERY SINGLE TIME:
Use COLD butter! – Cold butter straight from the fridge is what helps create those flaky layers you see in bakery scones. Using warm or room temperature butter will cause your scone dough to be too liquid-y and you’ll end up with a mushy mess!
Use your HANDS! – The best way to combine the dry ingredients and the butter is with your hands, using quick rubbing motions. Pick up a handful and rub it once between your hands to create small sheets of butter instead of tiny clumps. This will help create those flaky layers!
FOLD, don’t knead! – When the dough is just about mixed (when you still see flour!), pour it out onto a work surface and fold it in half, and in half again (and again…) until everything is combined. This will also create those delicious layers and prevent the dough from becoming dry.
Don’t over-mix! – Nobody likes a tough, dry scone. Mix just until the flour almost disappears and you’ll be left with flaky layers and a nice, tender scone!

These Best Ever Starbucks Pumpkin Scones are everyone's favourite fall treat for pumpkin season! And they taste even better than Starbucks' Pumpkin Scones!
Course Baking, Breakfast, Brunch, Dessert, Snack
Cuisine American, Baking, Bread, Brunch, Cake, Comfort Food
Keyword Best Ever Starbucks Pumpkin Scones
Prep Time 20 minutes
Cook Time 20 minutes
Total Time 40 minutes
Servings 8 servings
Calories 386 kcal


Ingredients

For the scones:
1/2 cup pumpkin puree (canned pumpkin puree is best)
1 egg
1/4 cup whipping cream
2 cups all purpose flour
1/3 cup white sugar
1 tablespoon baking powder
a pinch of salt
1 teaspoon ground cinnamon
1/2 teaspoon nutmeg
1/4 teaspoon allspice
1/4 teaspoon ground ginger
1/4 teaspoon ground cloves
1/3 cup cold, unsalted butter

For the glaze:
2 cups powdered sugar
2-3 tablespoons whipping cream
2 pinches ground cinnamon
1 pinch each of ground cloves and ground nutmeg


Instructions

Preheat your oven to 375 degrees Fahrenheit and prepare a large baking sheet by lining it with parchment paper.

In a medium bowl, combine the pumpkin puree, egg and whipping cream with a fork. Set aside.

In a separate bowl, combine the flour, sugar, baking powder, salt, cinnamon, nutmeg, allspice, ginger, and cloves with a wire whisk.

Cut the cold butter into cubes and add to the flour mixture.

Using your hands, pick up a handful of the flour mixture and butter cubes and rub your hands together only once before dropping the mixture back into the bowl. Repeat this process until all the butter has turned into thin sheets distributed throughout the flour mixture.

Pour the pumpkin mixture into the flour and butter mixture and mix together with a rubber spatula gently until it's mixed about half way.

Dump the half-mixed dough onto a floured work surface. Using your hands, pick up half the dough and fold it over the other half. Continue working the dough in this folding motion, very gently, until almost all the flour is incorporated. As you do this, slowly create a round shape about 2 inches thick.

Slice the round dough into 8 triangular pieces and place them on the prepared baking sheet.

Bake for about 20-22 minutes at 375 degrees Fahrenheit, or until the scones have puffed up slightly and are firm to the touch. If the scones start to brown on top, remove them from the oven so they don't over-bake.

Let the scones cool on the pan for a few minutes, and then transfer to a cooling rack to cool completely.

While the scones are cooling, make the glaze by combining the powdered sugar and whipping cream in a medium bowl. Add the powdered sugar first and whisk while adding the whipping cream one tablespoon at a time until a thick glaze forms.

Divide the glaze into 2 separate bowls. Leave one bowl aside (this will be the white glaze) and to the second bowl add the cinnamon, cloves and nutmeg and whisk to combine (this will be the spice glaze).

When the scones are cool, dip them upside down into the white glaze until the glaze coats the top of the scones.

Set on a plate or cooling rack and let the glaze dry for about 5 minutes.

Add the spice glaze to a small piping bag or ziploc bag and snip off the end. Pipe the spice glaze on top of the white glaze to create a lined pattern, or any pattern you wish.

Discard any remaining glaze and allow the scones to sit for about 15 minutes before enjoying, so the glaze can harden just slightly.

Store in an airtight container for up to 2 days, or enjoy them while they're fresh for best results!


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