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!

EASY VEGAN COFFEE CAKE DONUTS


This is an easy and delicious take on a classic. These vegan coffee cake donuts pack all the flavour of coffee cake, in donut form! Topped with an amazing cinnamon streusel, these are the coffee cake lovers ultimate dream.

Easy Vegan Coffee Cake Donuts Recipe



Ingredients

Donuts:
Dry Ingredients:

  • 1 1/4 cup all-purpose flour
  • 1 tsp baking powder
  • 1/4 tsp salt

Wet Ingredients:

  • 1/2 cup dairy free milk, unsweetened
  • 1/3 cup sugar
  • 1 flax egg (1 tbs ground flax + 3 tbs warm water)
  • 4 tsp coconut oil, melted
  • 1/2 tsp vanilla extract

Cinnamon Streusel Topping:

  • 1/2 cup all-purpose flour
  • 1/2 cup brown sugar
  • 4 tbs coconut oil, melted
  • 2 tsp cinnamon

Glaze:

  • 1/4 cup powdered sugar
  • 1 tsp dairy free milk
  • 1/2 tsp vanilla extract


Instructions

  1. Preheat oven to 350 °F
  2. In a small bowl, combine 1 tbs ground flax with 3 tbs warm water. Set aside to thicken
  3. In a medium bowl, whisk together the flour, baking powder, and salt
  4. In a large bowl, whisk together the sugar, milk, melted coconut oil, flax egg, and vanilla extract
  5. Add the dry ingredients to the wet, and mix until combined
  6. Pour batter into a piping bag or ziplock bag with a corner cut off, and pipe into a greased donut pan
  7. Don’t over fill the wells, pipe around one circle in each well (about 1/2 full)
  8. Prepare the streusel topping by mixing all dry ingredients together, then adding in melted coconut oil. Stir well until you have a course wet mixture
  9. Sprinkle the topping over the donut batter, and slightly press the topping in to the batter (be generous, you shouldn't be seeing any donut underneath all that topping!)
  10. Bake for 14-17 minutes, or until a toothpick inserted in the donuts comes out clean and the donuts spring back when touched - 15 minutes was perfect for me
  11. Allow donuts to cool in the pan for a few minutes, then remove and continue to cool on a cooling rack
  12. Combine all ingredients for the glaze in a bowl and stir until fully combined. You may need to add a bit more milk if too thick, or some more icing sugar if too thin
  13. Drizzle glaze over fully cooled donuts
  14. Allow glaze to set before stacking donuts on top of each other or transporting
  15. Enjoy!

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