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!

CZECH REPUBLIC: KREMROLE

CZECH REPUBLIC: KREMROLE 
One of the most popular and traditional Czech pastries, Kremrole, literally “roll of cream”, is a crispy roll-shaped puff pastry filled either with meringue or whipped cream, that is sweet and slightly flavored or not
With the Czech Republic located at the heart of Europe, its cuisine could only be influenced by its neighbors, Germany, Austria, Poland and Slovakia and vice versa.
You can find kremrole in all these countries and, like the buchty, kremrole is very popular throughout the region of Bohemia, this historic region of Central Europe, bordered by Germany, Poland, Austria and the Czech Republic.
In Austria, these cream rolls are called Schaumrollen, which literally means “foam roll” and the Germans call them Schillerlocken.
Kremrole has a roll shape. It is filled with whipped cream or meringue. It usually measures between 2 and 3 inches. Kremrole is made by cutting 1-inch wide strips of dough wide that are rolled in a spiral around a metal tube and overlapping with each turn.
You will easily find these metal tubes on the web. They measure about 4 inches and are about 1 inch in diameter. Note that Mike created similar tubes (although wider) with magazines and tinfoil to make his trdelnik
Kremrole Recipe
Kremrole is a deliciously crispy roll-shaped puff pastry that is filled with meringue or whipped cream that is popular in the Czech Republic, Austria, Germany and Slovakia.
Ingredients
For the dough
  • 3 cups flour , sifted
  • 1 cup butter , cold, diced
  • 1 egg yolk
  • 1 tablespoon vinegar
  • ½ cup sour cream , cold
  • ½ teaspoon salt
  • 4 tablespoons soft butter (to coat the tubes)
For the decor
  • 2 egg yolks
  • 1 teaspoon milk
  • 3 tablespoons melted butter , lukewarm
  • For the meringue
  • 4 egg whites
  • 1 pinch of salt
  • 1 cup caster sugar
  • ½ cup water
  • Material needed
  • Metallic pastry tubes
  • 1 pastry bag
  • 1 plain or fluted piping tip
Instructions
Dough
  1. In the bowl of a stand-mixer with the flat beater attachment, mix the flour, salt and butter at low speed for 2 minutes.
  2. Then add the egg yolk, vinegar and cream and knead, this time with the dough hook, until a homogeneous dough is formed (add a little cold water if necessary).
  3. Wrap the dough in plastic wrap and keep it in the refrigerator for 8 hours.
  4. Preheat the oven to 350 F.
  5. On a very lightly floured work surface, roll the dough to a thickness of about ⅛ inch.
  6. Cut strips about 1 inch wide and 6 inches long.
  7. Coat all the tubes with the butter and roll each strip of dough around a tube making sure that the dough overlaps on each turn.
  8. Mix the 2 egg yolks and the milk well, and brush the kremrole dough with this mixture.
  9. Place the tubes on a baking sheet lined with parchment paper.
  10. Bake for about 15 to 20 minutes or until golden brown.
  11. When the kremroles are cold, carefully slide them off from the tubes.Meringue
  12. Pour the egg whites and the salt into the stand mixer.
  13. Pour the sugar and water into a saucepan and bring to a boil over high heat.
  14. Check the temperature with a thermometer. When the sugar reaches 212 F, start to beat the egg whites at full power. When the sugar reaches 244 F, reduce the speed of the mixer and immediately pour the sugar gradually. It must be very fast as the temperature of the sugar syrup should not continue to rise.
  15. Once the sugar is incorporated, return the mixer to maximum speed and beat for 5 minutes.
  16. Then reduce the speed of the mixer to medium and beat until the bowl has completely cooled.
Assembly
  1. Fill the pastry bag with the meringue and stuff each kremrole.
  2. Lightly and gently brush each roll with the melted butter and sprinkle icing sugar.
Recipe Notes
You can also fill the kremroles with sweet or unsweetened whipped cream..

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