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!

Strawberry Sheet Cake

Strawberry Sheet Cake is perfect spring and summer crowd-pleaser dessert. It’s easy dessert recipe for super moist, homemade fresh strawberry cake with strawberry cream cheese frosting.
It’s March already. Easter is less than a month away! Although it’s hard to believe, since it feels like Christmas was just yesterday. But, the time flies!!!!

However, I am greatly looking forward to spring and my favorite holiday-Easter!
Springtime is my favorite time of the year! So today, I’ve decided to officially close the winter baking season and start with the best, light, fresh, fruity and colorful desserts!
Although I usually made fresh strawberry cake as a round layered cake, this time I transformed it in a sheet cake.
Sheet cakes are perfect solution for the parties. And with spring and Easter upon us, we are all going to have so many celebrations and gatherings. Sheet cakes are super easy and simple to make. Also, sheet cake is very easy to slice and serve. You can take it to any party or potluck and you can serve a crowd. But, sheet cakes could look fancy and festive, too.

This Strawberry Sheet Cake garnished with fresh strawberries on top could make a really pretty presentation at your Easter table.
Strawberry Sheet Cake is perfect spring and summer crowd-pleaser dessert.

For Strawberry Cake:
  • 1 cup unsalted butter-softened
  • 2 cups sugar
  • 2 large eggs
  • 1 teaspoon vanilla
  • 1 Tablespoon fresh lemon juice
  • 2 ¼ cups flour
  • ¼ cup cornstarch
  • 1/2  teaspoon baking soda
  • Dash of salt
  • 2 Tablespoons strawberry flavored gelatin
  • 1 cup whole milk
  • ¾ cup diced fresh strawberries
  • pink or red food coloring-optional

For Strawberry Frosting:
  • 8 oz. cream cheese-softened
  • 1 cup powdered sugar (divided)
  • 1 teaspoon vanilla
  • 2/3 cup diced fresh strawberries
  • 1 ½ cup heavy ream
  • 3 Tablespoons fresh lemon juice
  • pink or red food coloring-optional

To make the cake:
  1. Preheat the oven to 350 F. Spray 13 x 9– inch pan with cooking spray and line with parchment paper leaving an overhang the sides. Spray the paper with cooking spray and set aside.
  2. Stir together flour, cornstarch, baking soda, salt and strawberry flavored gelatin, set aside.
  3. Beat the butter at medium speed until creamy, then add sugar and continue beating until light and fluffy.
  4. Add one egg at the time and beat well. Mix in vanilla and lemon juice.
  5. Add half of the flor mixture, mix to combine, add milk and mix to combine, then add remaining flour mixture and mix just until combine. Mix in a few drops of food coloring if desired. Finely, fold in strawberries.
  6. Pour the batter in prepared pan and bake about 30-40 minutes or until the toothpick inserted in the center comes out clean. If it starts browning too quickly, tent the top with aluminum foil.
  7. Cool in the pan for half an hour, then transfer to a wire rack to cool completely.
  8. To make the frosting:
  9. Beat heavy cream and lemon juice until soft peaks form. Gradually add ½ cup of powdered sugar and beat until stiff peaks form. Set aside.
  10. In another bowl, beat softened cream cheese, ½ cup of powdered sugar and vanilla until smooth. Mix in strawberries and a few drops of food coloring if desired.
  11. Fold half of the whipped cream into cream cheese mixture, then fold in remaining whipped cream. Spread onto cooled cake.
  12. Before serving, garnish with fresh strawberries if desired.

Recipe adapted from Sauthern Living Magazine


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