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!

MOIST PUMPKIN BREAD WITH CREAM CHEESE FROSTING



This Moist Pumpkin Bread topped with Cream Cheese Frosting is the best way to enjoy pumpkin this fall with friends and family!

Soooo, for the first few times I listened to Taylor Swift’s new song, “Shake it Off” I thought she was saying: “And the Baker’s gonna bake, bake, bake, bake, bake.” #foodbloggerproblems! It makes no sense at all but I’ve got food on my mind and I’ve been known to be terrible at understanding song lyrics and thinking they’re something totally ridiculous. I also have this Moist Pumpkin Bread with Cream Cheese Frosting on my mind like allll the time.




To those of you who don’t get to experience the weather changes and live where it’s always hot or perfect 70 degree year-round paradise, you have the go-ahead to start inhaling all things pumpkin if you haven’t already. Hello Pumpkin Cupcakes and Pumpkin Pancakes! Sometimes I think it would be nice to live where it doesn’t get lower than 50 and I never have to scrap snow/ice off my car but then I think I’d miss the cool crisp air and wearing coats (yes, sometimes multiple) and boots.


I can’t believe I am going to admit this, but this fall weather is making me miss high school. Who says that?!! Mostly I miss playing field hockey. I loved being part of a team and running with a purpose– to whack a ball into a box. It’s one of the few sports where your uniform is a skirt/kilt. Plus, field hockey requires you to be in a squatting position pretty much the whole game so my rear was definitely in great shape. ha!
I miss college too! Even the classes and studying. There’s just something so satisfying about learning and also that relieved feeling you get when you leave your last class of the long day and head home to change into some comfy clothes and eat a warm bowl of soup with some toast (yeah, I ate that a lot in college… I really like toast) before hitting the books.

Okay, enough with my ramblings. THIS bread is A-mazing!!!! So so moist and for dayyyys, but it probably will be gobbled up before day 3. And then there is the heavenly cream cheese frosting on top. I really should have covered the sides with it too but then it would be too much like a cake… which it kinda already is if you glance down at the calories or don’t.


Prep Time10 mins
Cook Time1 hr 10 mins
Total Time1 hr 20 mins
Servings: 12 slices

INGREDIENTS

For the Bread:
1 3/4 cup flour
1 teaspoon baking soda
3/4 teaspoon salt
1 teaspoon cinnamon
1/4 teaspoon nutmeg
2 eggs
1 1/2 cup sugar
1 cup pumpkin puree
1/2 cup canola oil
1/3 cup water

For the Cream Cheese Frosting:
2 ounces cream cheese, softened
2 tablespoons butter, softened
3/4 cup powdered sugar, (add more if needed)
1/4 teaspoon vanilla

INSTRUCTIONS

Preheat oven to 350 degrees F and grease 1 4 1/2" x 8 1/2" loaf pan.
In a large bowl, mix flour, baking soda, salt, cinnamon and nutmeg together. Make a well and set aside.
In a medium bowl, thoroughly beat together the eggs, sugar, pumpkin puree, oil, and water. Add to the well of the dry ingredients and mix until combined. Pour batter into greased loaf pan.
Bake for 60-70 minutes but tent a piece of foil over the top half way through (you need to pinch it at the ends so it forms a dome so the bread can rise) to prevent the top from browning too much. Start checking the bread at 50-55 minutes and if it looks too wet on top, take off the foil and finish cooking without it. Cook until toothpick comes out clean. Let the bread cool completely in the pan before removing.
Make the frosting by creaming the frosting ingredients together. Spread on top of bread.

BERITA LENGKAP DI HALAMAN BERIKUTNYA

Halaman Berikutnya

Subscribe to receive free email updates:

ARTIKEL POPULER