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!

Chocolate Magic Cake with Chocolate Glaze and Swirl

Chocolate Magic Cake with Chocolate Glaze and Swirl – moist, delicious, easy, nice and quick! This Chocolate Magic Cake with Chocolate Glaze and Swirl will be your ultimate dessert for every occasion!

Chocolate is always a real choice and I know that everyone will eat chocolate dessert and enjoy in it. Chocolate is ingredient which will be part in my kitchen forever because we are real chocolate lovers. You need perfect dessert which you will enjoy and surprise your children, so don’t look for anything else I have right recipe for you, Chocolate Magic Cake with Chocolate Glaze and Swirl.

In basic recipe you need to add powdered sugar, but I like new things so I added more chocolate. I was shocked how easy this recipe is to make and quick to prepare so you can make it for very short time when friends come over. Easy and perfect moist dessert is cake for every occasion, moist and nice cake will let you without word.

Chocolate Magic Cake with Chocolate Glaze and Swirl Recipe
Chocolate Magic Cake with Chocolate Glaze and Swirl – moist, delicious, easy, nice and quick! This Chocolate Magic Cake with Chocolate Glaze and Swirl will be your ultimate dessert for every occasion!

For cake:
  • 4 eggs, separated
  • 1 ¼ cup powdered sugar
  • ½ cup unsalted butter, melted and slightly cooled
  • 1 teaspoon vanilla extract
  • ½ cup unsweetened cocoa powder
  • 2 cups milk, lukewarm
  • ½ cup all-purpose flour
Chocolate glaze:
  • ½ cup heavy cream
  • 1 ½ cups milk chocolate chips
For swirl:
  • ¼ white chocolate chips
  • 1 ½ teaspoons shortening
  • Preheat the oven to 325°F. Lightly grease 8x8 inch baking dish, set aside
  • Separate egg whites and yolks.
  • Whip the egg whites until stiff peaks form, set aside.
  • Beat the egg yolks and powdered sugar until pale yellow.
  • Mix in melted butter and vanilla until evenly combined (for about 3 minutes)
  • Add flour and unsweetened cocoa powder until evenly incorporated.
  • Slowly beat in the milk until well combined.
  • Gently fold in the egg whites (1/3 at a time, then repeat until all of the egg whites are folded in). Use rubber spatula to fold in the egg whites, don’t do this with electric mixer or the cake might not separate in layers while baking.
  • Pour the batter into the pan and bake for 50-60 minutes (until the cake is barely jiggly in the center). Baking time might vary depending on your oven or pan you use, but start checking after 50 minutes.
  • Let it cool for about half an hour and then remove from the pan.
For glaze:
  1. On a medium heat bring heavy cream to boil. Place half of the milk chocolate chips in a heatproof bowl and pour the cream over the chocolate, stir until the chocolate is melted completely. Add remaining chocolate and stir until it’s melted and smooth.
  2. Pour the glaze on top of the cake
  3. Place the white chocolate chips and shortening in a microwave safe bowl Heat for 30 seconds. Stir and heat again for 15-20 seconds.
  4. Sprinkle the white melted chocolate chips on the top and using a toothpick make a pretty swirled design
  5. Let the glaze set before cutting


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