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!

HOMEMADE LEMON MERINGUE PIE – OLD FASHIONED & SCRATCH MADE!

Homemade Lemon Meringue Pie. If your lemon meringue pie comes from powder in a box, STOP! A fantastic homemade lemon meringue pie, made completely from scratch, tastes much better and is actually just as easy to prepare.

Homemade Lemon Meringue Pie

Here’s one for the lemon lovers. Made completely from scratch, just like Grandma used to make. No artificial anything here! So much better than those artificial powder pretenders. Reminds me of Sunday suppers while growing up.

Homemade Lemon Meringue Pie

A homemade lemon meringue pie is a good reason to perfect your pastry making technique too. I always recommend that beginner bakers start with pastry pie shells before moving on to two crust filled pies.

Homemade Lemon Meringue Pie

You will get a better feel for working with the the dough and likely have more success in getting a flaky pastry if you practice with making pie shells for filled or custard pies first. Perfect your flaky crust technique here and then move on to two crust fruit pies when you are more comfortable with pie pastry.

Homemade Lemon Meringue Pie

Homemade Lemon Meringue Pie

Ingredients
For the Pastry. Sufficient for two 10 inch pie shells.
  • 1 cup very cold butter cut into small cubes
  • 2 ½ cups flour
  • ½ tsp salt
  • 1/4 cup ice water or a little more. Only enough to make a dough form.
For the Filling
  • 1/3 cup corn starch
  • 1/3 cup cake flour
  • pinch salt
  • 1 ½ cups sugar
  • 5 egg yolk slightly beaten
  • Zest of 2 lemons very finely chopped
  • Juice of 2 lemons
  • 2 cups water
  • 3 tbsp butter
For the meringue
  • 5 egg whites
  • 1 1/4 cups sugar
  • ¼ tsp cream of tarter
  • Pinch salt
  • 1 tsp vanilla extract
Instructions
To make the pastry
  1. Using a food processor or a pastry blender cut cold butter into flour and salt until mixture resembles a coarse meal. Small pieces of butter should still be visible.
  2. Pour cold water over the mixture and work in by tossing with a fork until dough begins to form. Use your hands as little as possible and work the dough as little as possible.
  3. Divide dough into 2 balls, flatten into 2 rounds, wrap in plastic wrap and place in the refrigerator to rest for a minimum of 20 minutes. You can freeze the second round for another time.
  4. You can make your dough the previous day but make sure you take it out of the fridge for 10 minutes to warm slightly before rolling out.
  5. Roll the dough into a 12 inch round and place in the bottom of a 10 inch pie plate.
  6. Trim and flute the edges as desired. Poke a few holes in the bottom of the pastry shell, rest in the refrigerator for an additional 20 minutes before baking at 400 degrees F for 12 – 15 minutes or until golden brown.
  7. Cool completely before adding the filling.
To make the filling
  1. In a medium saucepan, combine corn starch, cake flour, sugar and salt. Pour in water and stir constantly over medium low heat until mixture comes to a slow boil.
  2. Remove the pan from the heat and reduce the flame to low.
  3. Pour about a cup of this mixture onto the slightly beaten egg yolks while whisking constantly.
  4. Pour the egg mixture back into the rest of the other mixture in the pot, whisking constantly.
  5. Return to the stove and cook for an additional 3 minutes stirring constantly.
  6. Remove from heat and stir in lemon juice and lemon rind.
  7. Finally whisk in your butter one tbsp at a time.
  8. Pour the filling into the baked and cooled shell. Let stand for a few minutes while preparing the meringue.
To prepare the meringue
  1. Whip egg whites, vanilla, salt and cream of tarter to soft peaks.
  2. Very gradually add the sugar while continuing to beat the egg whites.
  3. Dollop in heaping tablespoonfuls onto pie. Gently spread over the filling, making sure that the meringue touches the crust all the way around the pie. This will help to prevent the meringue from shrinking.
  4. Bake in a 325 degree F oven for about 20 to 25 minutes or until the meringue is well browned. Cool pie thoroughly in the refrigerator before serving.
  5. Keep refrigerated.
  6. Dip a sharp knife in cold water to help with cutting the pie into slices and clean the knife with paper towel between cuts.
Recipe Notes

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