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 PUMPKIN PIE CAKE RECIPE {BETTER THAN PUMPKIN PIE!}

In today’s post: Pumpkin pie cake is your new favorite pumpkin dessert!
I first shared this recipe a few years ago, but it’s been so popular I decided it needed new photos and a printable recipe card to go along with it. This is pumpkin pie cake, an amazing update to pumpkin pie that ditches the traditional crust in favor of buttery cake-crumbles. It’s easy to make, feeds a crowd, and will be loved by everyone, even pumpkin pie haters like me. Plus it’ll make your house smell divine.


PUMPKIN PIE CAKE
The first time I tried this recipe I wasn’t sure what to expect. Pie? Cake? Something in between? Well, it’s definitely part pumpkin pie, creamy and spiced to perfection.



But instead of a crust, the pie is mixed with crumbles made from a yellow cake mix and butter. Half of the crumbles get swirled into the pumpkin mixture, where they stay soft, while the other half goes on top, where they get just a little crunchy.

The result is a moist, tasty, dessert that has all the creaminess and flavors of pumpkin pie without being quite so…well…boring.
So what’s the difference between this and a pumpkin dump cake? Well, the ingredients are similar but I think this pumpkin pie cake tastes better than a pumpkin dump cake because you’ve got buttery cake all through it instead of just on top.

PUMPKIN PIE CAKE RECIPE




Here’s the recipe for dreamy pumpkin pie cake. It’s only going to take you about ten minutes to mix everything up and get it in the oven. Plan on an hour for baking, and a couple hours to chill before serving.




Basically, you make a pumpkin pie mix and a yellow cake mix. You’ll crumble half the cake mix on the bottom of a 9×13 pan, then pour in all the pie mix, then top with the rest of the crumbled cake mix.








When it’s done baking, the pumpkin pie cake will be nice and golden brown on the top, and a knife inserted near the edge will come out clean.

You’ll want to cool it completely before serving. I think it tastes best chilled, topped with whipped cream (required) and caramel sauce and toffee bits (optional). You can cut it into 20 small pieces or 15 larger pieces. Either way, everyone’s going to love it!


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