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!

KETO CREAM CHEESE CHOCOLATE POUND CAKE

Keto Cream Cheese Chocolate Pound Cake is a decadent dark chocolate cake recipe. It is low in carbs and keto-friendly. This chocolate pound cake was inspired by popular my keto cream cheese pound cake recipe.


Ingredients
Keto Cream Cheese Chocolate Pound Cake
  • 2 1/2 cups of finely milled almond flour , measured and sifted
  • 2 1/4 cups of sugar substitute 
  • 1/2 cup cocoa powder
  • 3 teaspoons of baking powder
  • 1/2 teaspoon of sea salt
  • 7 ounces of cream cheese, room temperature
  • 8 eggs , room temperature
  • 8 tablespoons of unsalted butter, room temperature
  • 2 ounces of baking chocolate (melted)
  • 2 teaspoons of instant coffee (optional for enhancing chocolate )
Chocolate Ganache
  • 2 ounces of baking chocolate
  • ¼ cup of unsalted butter melted
  • 2 tablespoons of coconut oil
  • ¼ cup of heavy whipping cream
  • 3 tablespoons of confectioners sugar substitute
Instructions
  1. Preheat oven to 325 degrees
  2. Grease two 8 inch loaf pans.
  3. In a medium-size bowl combine all the dry ingredients (except sugar substitute) and set aside.
  4. In a large mixing bowl beat on high the softened butter and sugar substitute until light and fluffy.
  5. Add the cream cheese and combine well until fully incorporated.
  6. Add the eggs one at a time making sure to mix well after each addition.
  7. Add all the dry ingredients mixing well until fully combined.
  8. Lastly, add the melted baking chocolate in a stream and beat mixture until fully mixed.
  9. Bake the pound cakes for 60-70 minutes or until done.
  10. Allow the cakes to cool for 15 minutes before taking it out of the mold and then wait until the cake is fully cooled before spreading the chocolate ganache.
Chocolate Ganache
  1. Combine the melted butter, baking chocolate, sugar substitute (preferably powdered) until well combined.
  2. Add the heavy whipping cream and mix till well incorporated.
  3. Lastly, stir in the coconut oil.
Recipe Source : Dreamy Keto Cream Cheese Chocolate Pound Cake @ fittoservegroup

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