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!

VEGAN TOFU TIRAMISU

If you’re trying to follow a plant-based diet that minimises the amount of animal products you eat, or if you’re trying to eat healthier, then treating yourself to Tiramisu doesn’t seem to be a viable option.

Typically made with cream, mascarpone cheese, white sugar and lady fingers. None of those things scream health to me, definitely indulgence, not health.

You can make a plant-based version that’s higher in protein! How? By using tofu as the base for the cream layer!

WHAT? TOFU?
Yes, tofu! I love using tofu in my treats and desserts. Since it doesn’t have much of a flavour and thanks to it’s silky, smooth texture, it can be used as the the base of many desserts. From cheesecakes, ice creams, puddings, tarts and as a replacement for eggs/oil in baking. It’s such a versatile ingredient and so healthy! It’s a great source of plant-based protein, omega-3, zinc, selenium and calcium (if it has been made with calcium sulfate)

VEGAN TOFU TIRAMISU RECIPE

Ingredients:

For the sponge layer:

  • 1 cup (150g) gluten-free flour
  • 2/3 cup (100g) ground almonds
  • 1 tsp baking powder
  • 1/2 tsp salt
  • 6 tbsp coconut oil, melted
  • 6 tbsp maple syrup
  • 1/2 cup (120ml) milk of choice
  • 150ml strong coffee (I mixed 1.5 tbsp instant espresso in 150ml hot water) 

For the cream layer:

  • 396g Cauldron Original Tofu, drained
  • 6 tbsp maple syrup
  • 6 level tbsp almond butter
  • 1/2 tsp instant espresso powder
  • 2 tsp vanilla paste OR 3 tsp vanilla extract
  • 1-2 tbsp milk of choice
  • Pinch of salt

Method:

  1. Preheat your oven to 180°C (160°C fan assisted)/ 350°F
  2. To make the sponge: mix the first 4 ingredients in a bowl, then pour in the oil, maple syrup and milk. Mix to combine. 
  3. Pour the batter into a lined 8″ square cake tin and bake for 15 minutes. Leave to cool completely. 
  4. To make the cream layer: First drain the tofu from as much liquid as possible. I find the easiest way to do this is to break up the tofu into a nut milk bag/straining bag and squeeze out all the fluid. You can also use a muslin cloth.
  5. Blend all the cream layer ingredients in a food processor until smooth.
  6. To assemble: I used these dessert rings to shape my individual tiramisus*. Use one of the rings to cut out 4 rings from the sponge cake, and then carefully slice each circle in half horizontally. You will end up with 8 round sponge discs.
  7. Place one of the discs back into the dessert ring, then drizzle on top 2-3 tsp of the brewed coffee. You need enough for the sponge to absorb, but make sure you don’t use too much otherwise the sponge will become too soft. 
  8. Top with a few teaspoons of the cream mixture, and then repeat the above step so you end up with two layers of sponge and 2 layers of cream. 
  9. Leave to chill in the fridge for 1-2 hours, then carefully remove the rings and top with a generous dusting of cocoa powder and cherries 
  10. Enjoy!


Note**If you don’t have dessert rings, simply crumble the sponge in glasses, drizzle with coffee, then top with a layer of the cream mixture. Repeat one more time so you end up with two layers of sponge and two layer of cream. Chill in the fridge for an hour then dust with cocoa and top with a cherry. Enjoy!

Recipe Adapted : VEGAN TOFU TIRAMISU @ nadiashealthykitchen

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