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!

Pistachio Cinnamon Swirl Bundt Cake

My cake for March is Pistachio Bundt cake.
It's greenish tint makes it just right for 
Spring and especially St. Patrick's Day.
We love having cake in the house over the weekend.
Keeps well covered on a cake plate.
And sits on the kitchen island just
asking you to cut a piece.
This one is easy because it uses
cake mix and instant pudding mix. 
 Mix the cake ingredients in a large bowl.
Beat with an electric mixer for 3 minutes.
Cover the bottom of a sprayed bundt pan
with about an inch of batter.
 Combine the nut filling in a small bowl. 
Sprinkle half of the cinnamon nut filling mixture
 evenly on the batter. 
Add another layer of batter and sprinkle with
all but 2 T filling. 
 Bake at 350º for 45 minutes until cake tests
 done when lightly touched. Remove from oven
and let cool for 10 minutes before inverting.
 Let cool.
 You can simply dust with powdered sugar. can make a drizzle icing.
 Combine the icing ingredients in a small bowl.
 Drizzle over the cake and sprinkle the top with
the remaining 2 T cinnamon-sugar-nut mixture.
 Two nice cinnamon, nut swirls. I have made this
without nuts, just cinnamon sugar, but it's 
better with them. 
 Gives it a nice coffee cake taste.
Pistachio Cinnamon Swirl Bundt Cake
1 box yellow cake  mix
1 box pistachio instant pudding, (3.4oz)
1 C club soda, 7-up, or water
½ C oil
3 XL eggs
½ t almond extract
Mix cake ingredients in a large bowl. 
Beat for 3 minutes until smooth.

½ C sugar
½ C chopped pistachios or pecans
1-2 t cinnamon
mix together in small bowl

1 C powdered sugar
2-3 T milk
2 T soft butter
drop almond extract (¼t)
pinch cinnamon (¼t)
Mix until smooth in small bowl

Layer the bottom of a sprayed bundt pan
with cake batter. Sprinkle ½ of the cinnamon
nut mixture evenly over the batter.
Add another layer of batter to cover the nuts.
Add all but 2 T of the remaining nut mixture.
Spoon on the remaining batter, smoothing
evenly. Bake @350º for 45 minutes until the
 cake springs back when lightly touched.
Let cool for 10 minutes then invert onto
a cake plate. Let cool completely.
Drizzle with icing and sprinkle the top
 with the remaining cinnamon-nut mixture.



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