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!

Bloody Red Velvet Cake

Bloody Red Velvet Cake I know the name sounds very frightening, but you will feel the delights after trying this cake !!

This delicious cake with red bottoms, creamy cream cheese frosting and sweet raspberry sauce comes into question. How do we come to this? Because the murder weapon, a huge knife, is in the middle of it!

One thing is certain: the poor cake is covered with blood and ... delicious !!!

Bloody Red Velvet Cake Recipe

ingredients :

For the cake floors

  • 150 g of sugar
  • 200 ml vegetable oil
  • 1 teaspoon of vanilla extract
  • 3 eggs
  • 220 g of flour
  • 1 tablespoon of cocoa
  • 1 teaspoon baking soda
  • 1 pinch (s) of salt
  • 170 ml of buttermilk
  • 1 teaspoon of vinegar
  • 2 tablespoons red food coloring

For the frosting

  • 200 g soft butter
  • 100 g of powdered sugar
  • 1/2 teaspoon vanilla extract
  • 1 pinch (s) of salt
  • 700 g cream cheese

For the sauce

  • 200 g frozen raspberries
  • Special accessories
  • 2 Springform (20cm diameter)
Instructions :

  1. Preheat oven to 180 ° C top bottom heat. Grease springform molds.
  2. Beat sugar with vegetable oil and vanilla extract until foamy. Stir in eggs one at a time. Stir in vinegar.
  3. Mix flour with cocoa, baking powder and salt and stir alternately with buttermilk under the dough. Stir red food coloring. Spread the dough evenly over the two springforms and bake in a hot oven for 30 minutes, allow to cool.
  4. For the frosting butter, mix with powdered sugar, vanilla extract and salt until creamy. Stir in cream cheese and chill.
  5. For the raspberry sauce, rasp the raspberries in the microwave, purée and pass through a sieve.
  6. Cut both cake trays horizontally in the middle so that 4 trays are created.
  7. Brush first layer with a thin layer of raspberry sauce. Put on the second floor. Cover with 1/3 of frosting. Hang up third floor. Also cover with a thin layer of raspberry sauce. Put down the bottom.
  8. Brush the cake around with remaining frosting. Put a big kitchen knife or chopper in the middle of the cake. Sprinkle with remaining raspberry sauce and chill.


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