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!

GINGERBREAD BUNDT CAKE

Gingerbread Bundt Cake – A deliciously moist and fluffy ginger-spiced molasses cake drizzled with a pretty, sweet maple glaze.


Nothing beats the warm, comforting flavours of ginger and molasses during the holidays, so today I bring you my deliciously moist and fluffy Gingerbread Bundt Cake!

This is a quick and easy cake recipe that requires no mixer, because you’ll be using melted butter instead of creaming the butter and sugar together. This recipe calls for cake flour to create a beautifully light and fluffy cake, and Greek-style yoghurt to add incredible moisture.



The spices used in this cake are ginger, cinnamon, and nutmeg. All my favourite autumn flavours together in one cake. A nice, big slice would go perfectly with a hot cup of tea or coffee!

GINGERBREAD BUNDT CAKE RECIPE
Gingerbread Bundt Cake – A deliciously moist and fluffy ginger-spiced molasses cake drizzled with a pretty, sweet maple glaze.



INGREDIENTS:
FOR THE CAKE

  • 3 cups (300g) cake flour*
  • 1/2 teaspoon baking powder
  • 1/2 teaspoon baking soda
  • 1/2 teaspoon salt
  • 2 teaspoons ground ginger
  • 1 teaspoon ground cinnamon
  • 1/4 teaspoon ground nutmeg
  • 4 large eggs, room temperature
  • 1 and 1/2 cups (300g) light or dark brown sugar
  • 1 cup (226g) unsalted butter, melted
  • 1 cup (240ml) Greek yoghurt, room temperature
  • 1/2 cup (165g) molasses/black treacle

FOR THE MAPLE GLAZE

  • 1 cup (125g) icing/powdered sugar
  • 1 tablespoon maple syrup
  • 1 – 2 teaspoons water

DIRECTIONS:
FOR THE CAKE

  • Preheat the oven to 180C/350F/Gas 4.
  • Grease a 10-inch bundt pan, and set aside.
  • Whisk together the flour, baking powder, baking soda, salt, and spices.
  • Set aside.
  • Whisk together the eggs.
  • Add the sugar, and whisk until combined.
  • Add the melted butter, yogurt, and molasses, and whisk until combined.
  • Fold in the dry ingredients.
  • Pour the batter into the prepared pan, and bake for 50 – 60 minutes or until a toothpick inserted into the centre comes out clean with moist crumbs.
  • Let cool in the pan for 10 minutes before inverting the cake onto a serving plate or cake stand.
  • Allow to cool completely before glazing.

FOR THE MAPLE GLAZE

  • Whisk together the icing sugar, maple syrup, and water until thick and pourable.
  • Pour over the cooled cake, and serve.
Notes : 

  • Make your own cake flour! Weigh out 3 cups (375g) of plain/all-purpose flour, remove 6 tablespoons, and replace with 6 tablespoons of cornflour/cornstarch. Sift well.
  • Leftovers can be stored, covered, in the fridge for up to 2 – 3 days.
  • You can bake this cake 1 day in advance. Allow to cool completely, then cover tightly and keep in the fridge until ready to frost and serve. This cake also freezes well for up to 2 months. Thaw overnight in the fridge before serving.

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