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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!

Chocolate Pound Cake with Chocolate Ganache

Chocolate Pound Cake with Chocolate Ganache
Chocolate Pound Cake with Chocolate Ganache is chocolate lovers dream: rich chocolate cake + thick layer of silky and smooth chocolate ganache!

Today, the world became one Chocolate pound cake fan richer! Yes, our own grandpa! And here is how it happened. Believe it or not, in my short kitchen career, I never tried to make this beautiful chocolate cake. Whenever it was time for desert, everyone was asking for something creamy, with delicious filling or a cheesecake. Nobody wanted good old chocolate cakes anymore! But, looking through various recipes on the Internet, I was always attracted by photos of these plentiful cakes like Tracey’s chocolate cake or the delicious cake from Tutti-Dolci. But, for any eventuality, I kept some of these recipes in my bookmarks.
And yesterday was the perfect day for the chocolate pound cake to spread it’s aroma in my kitchen. My husband was on a business trip, while my son Marco was at my husband’s parents place. Perfect! I was certain that I would not hear something like “Vera, why don’t you, nevertheless, make those chocolate cupcakes?”
I found some wonderful recipes and decided to take what I like from every one of them. And so, in a very short time, I was taking out a beautiful chocolate cake from a hot oven, and decided to top it all with moist chocolate ganache. When everything cooled off, I cut off a piece. MMMM, just as I thought! A beautiful taste of chocolate cake, which was very moist in places and reminded me of brownies, which I adore!
But, things quickly started changing. My husband, who came back in the late afternoon, was not really overwhelmed with my new chocolate treat. “There’s no filling here”, he cried and ate a few bites just not to offend me. My son Marco, after coming back from granny and grandpa, also showed no enthusiasm, took a spoon and opened a “Nutella”. Hmmm, I was left alone with a huge chunk of chocolate pound cake which I still thought was wonderful! And then a moment of enlightenment! I remembered another chocolate lover, who enjoyed good old chocolate cakes, our grandpa!
And just as I thought, grandpa was delighted with my new chocolate cake! Cutting it with a fork, he said “Well, this is a real cake, not those stupid creamy scams! Vera, you are a real maestro!
Of course, by saying this, grandpa deserved a big reward, half of the cake that was left, while with the other part, I simply tried to convince the others that they are wrong!
Chocolate Pound Cake With Chocolate Ganache
Prep Time: 20 minutes
Cook Time: 1 hour
Category: Desserts

Description
Chocolate Pound Cake with Chocolate Ganache is chocolate lovers dream: rich chocolate cake + thick layer of silky and smooth chocolate ganache!

Ingredients
For the cake:
  • 1 cup flour
  • 1 teaspoon salt
  • 3/4 cup cocoa
  • 2 oz chocolate (chopped)
  • 1/3 cup boiling water
  • 1 cup butter (softened)
  • 1 1/4 cup sugar
  • 5 egg
For chocolate ganache:
  • 3 oz chocolate (chopped)
  • 1/2 cup heavy whipping cream
Instructions
  1. Grease the 9×5 inch loaf pan and line it with the baking paper
  2. Preheat the oven at 325 degrees F.
  3. In a bowl mix together flour and salt
  4. Place the chopped chocolate in the heatproof bowl and pour boiling water over to melt the chocolate, then stir in the cocoa and set aside to cool for a few minutes
  5. Mix the butter and sugar until it’s fluffy, add chocolate and cocoa mixture and mix it well
  6. Eggs add one at a time, and mix well after each addition.
  7. Gradually add the mixture of flour and salt, stir it well.
  8. Spread the batter in the prepared pan, and tap gently the pan a few times on your work surface to eliminate air bubbles.
  9. Bake for 6o-70 minutes, or until a toothpick inserted in the center of the cake comes out clean (be careful not to overdo it, it will become dry)
  10. Let it cool a few minutes in the pan, than turn it out of the pan and allow to cool completely.
  11. Make the chocolate ganache while the cake is cooling. Melt the chocolate and whisk in the heavy whipping cream until become silky. Spread it over the cake


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