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!

SALTED CARAMEL CHEESECAKE CUPS

Each pot is the perfect combination of crumbly base, incredibly smooth and creamy cheesecake filling and a thick salted caramel topping dotted with small pieces of chopped pecans.


I used small glass espresso cups to hold the cheesecakes, but mason jars or even small glasses would also work, just measure them out first with water to ensure they hold a minimum of ¾ cup. I prefer to use something glass to hold the dessert so that you can see each layer of filling

Ingredients
Base
  • 1/2 cup Almond Flour
  • 1 1/2 tbsp Honey (or maple syrup)
  • 1 1/2 tbsp coconut oil melted
  • 1/4 tsp cinnamon
  • 1/4 tsp salt
Cheesecake Filling
  • 3/4 cup cashews soaked in hot water for 1 hour and then drained
  • 2 tbsp coconut oil
  • 1/4 cup coconut cream
  • 1 tsp vanilla extract
  • 1 1/2 tbsp lemon juice
  • 1 1/2 tbsp honey (or maple syrup)
Salted Caramel
  • 1/3 cup honey (or maple syrup)
  • 1/2 cup coconut cream
  • 1/4 cup coconut oil
  • 1 tsp vanilla extract
  • 1/2 tsp maldon salt
  • 2 tbsp roughly chopped pecans
Instructions
Base
  1. In a bowl combine all of the ingredients for the base and stir until well combined. Divide the mixture evenly between the four cups and press down with your fingers to ensure its firmly packed in.
Cheesecake Filling
  1. In a high speed blender or food processor combine all of the ingredients for the cheesecake and blend until completely smooth. Taste the filling and adjust the flavours if you prefer it to be more sweet or tart.
  2. Pour the filling evenly between the four cups and transfer them to the fridge to help the filling become firm.
Caramel Topping
  1. In a sauce pan on medium heat melt the honey, coconut cream and coconut oil. Bring the mixture to a boil and then lower the heat and let it gently simmer for 10 minutes stirring regularly.
  2. After 10 minutes add in the vanilla extract, salt and pecans and stir. Allow the mixture to cool to room temperature. Alternatively you can transfer it to the fridge to speed up the cooling.
  3. Once the caramel is cool, evenly distribute it between the 4 cups. 2. Store the cups in the fridge for a minimum of an hour to allow the caramel to become firm.
Recipe Source : SALTED CARAMEL CHEESECAKE CUPS @ everylastbite

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