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!

BANANAS FOSTER CHEESECAKE

This Bananas Foster Cheesecake recipe is made with a thick and creamy banana brown sugar filling, cinnamon cookie crumb crust and bananas foster topping! It’s a wonderful combination of bananas, cinnamon, brown sugar and rum that makes the most AMAZING cheesecake!


The topping of this Bananas Foster Cheesecake is exactly what you want it to be – bananas foster. One of my very favorite things and it’s so easy to make.


This cheesecake is seriously amazing. Thick, creamy and FULL of flavor! One of my favorites from the cookbook and a recipe my dad goes a little nutty over every time I make it. If you’ve never tried a little rum in your baking before, this is definitely the time and the recipe.

BANANAS FOSTER CHEESECAKE RECIPE
This Bananas Foster Cheesecake is made with a thick and creamy banana brown sugar filling, cinnamon cookie crumb crust and bananas foster topping!

INGREDIENTS
CRUST
  • 2 1/4 cups (302g) vanilla wafer crumbs
  • 1/2 cup (112g) salted butter, melted
  • 5 tbsp (45g) light brown sugar, loosely packed
  • 1 tsp ground cinnamon
CHEESECAKE FILLING
  • 24 ounces (678g) cream cheese, room temperature
  • 1 cup (144g) brown sugar, loosely packed
  • 3 tbsp (24g) all purpose flour
  • 1 cup (240ml) mashed ripe bananas (2–3 bananas)
  • 1 1/2 tsp ground cinnamon
  • ¼ tsp ground nutmeg
  • 2 tbsp (30ml) dark rum
  • 3 large eggs, room temperature
BANANAS FOSTER
  • 1/4 cup (56g) salted butter
  • 1/2 cup (113g) light brown sugar, packed
  • 1/8 tsp ground nutmeg
  • 1/2 tsp ground cinnamon
  • 1 tbsp (15ml) heavy whipping cream
  • 2 tbsp (30ml) dark rum
  • 2 medium bananas, sliced into coins
WHIPPED CREAM
  • 1/2 cup (120ml) heavy whipping cream, cold
  • ¼ cup (29g) powdered sugar
  • ½ tsp ground cinnamon
INSTRUCTIONS
  1. Preheat oven to 325°F (163°C). Line a 9-inch springform pan with parchment paper in the bottom and grease the sides.
  2. Combine the crust ingredients in a small bowl. Press the mixture into the bottom and up the sides of the springform pan.
  3. Bake the crust for 10 minutes then remove from oven to cool.
  4. Cover the outsides of the pan with aluminum foil so that water from the water bath cannot get in. See my tutorial for preventing a water bath from leaking. Set prepared pan aside.
  5. Reduce oven temperature to 300°F (148°C).
  6. In a large mixer bowl, blend the cream cheese, brown sugar and flour on low speed until completely combined and smooth. Be sure to use low speed to reduce the amount of air added to the batter, which can cause cracks. Scrape down the sides of the bowl.
  7. Add the mashed bananas, cinnamon, nutmeg and dark rum. Beat on low speed until well combined.
  8. Add eggs one at a time, beating slowly and scraping the sides of the bowl as needed.
  9. Pour the cheesecake batter into the crust.
  10. Place the springform pan inside another larger pan. Fill the outside pan with enough warm water to go about halfway up the sides of the springform pan. The water should not go above the top edge of the aluminum foil on the springform pan. Bake for 1 hour.
  11. Turn off the oven and leave the cheesecake in oven with the door closed for 30 minutes. Do not open the door or you’ll release the heat.
  12. Crack oven door and leave the cheesecake in the oven for another 30 minutes. This cooling process helps the cheesecake cool slowly to prevent cracks.
  13. Remove the cheesecake from the oven from oven and let sit on the counter for 15 minutes.
  14. Remove the pan from water bath and remove aluminum foil. Refrigerate cheesecake until completely cooled and firm, 6-7 hours.
  15. When cheesecake has cooled, make the bananas foster. Melt the butter in a large pan over medium-high heat.
  16. Add the brown sugar, nutmeg, cinnamon and heavy cream and stir until sugar is dissolved.
  17. Pour the rum into the pan, then use a lighter to light the rum. Be careful, the flame can get somewhat high. Once lit, allow it to cook, swirling the pan a few times to disperse the rum and flames. It should burn out within a minute or two, but if not, swirl a little more to help it burn out.
  18. Add the bananas to the sauce and continue cooking another 1-2 minutes to thicken the sauce. Remove from heat and set aside to cool and thicken before adding to the cheesecake.
  19. While bananas foster cools, remove the cheesecake from the springform pan and set on a serving plate.
  20. To make the whipped cream, add heavy whipping cream, powdered sugar and cinnamon to mixing bowl and whip until stiff peaks form.
  21. Pipe a swirl border with the whipped cream around the outside edge of the cheesecake.
  22. To finish off cheesecake, add the bananas foster on top, in the middle of the whipped cream. Drizzle the sauce over the bananas and down the sides of the cheesecake.
  23. Refrigerate cheesecake until ready to serve. Cheesecake is best for 2-3 days because the bananas on top can spoil

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