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!


Pumpkin Creme Caramel is the perfect sweet-spicy dessert that is so easy to make. Gluten free, creamy and delicious. 
Pumpkin Creme Caramel
Makes a 8 inch round dessert serving 6-8
  • 1/2 cup castor sugar
  • 2 tbsp water
  • 4 large eggs
  • 1 cup pumpkin puree (home-made or store bought)
  • 1/2 tsp powdered nutmeg
  • 1/2 tsp powdered cinnamon
  • 1 can condensed milk (395 g)
  • 1 can half and half (use the same can to mix equal parts of milk and pouring/single cream)
Cinnamon roasted Walnuts 
  • 1 egg white
  • 1/4 castor sugar
  • 2 cups walnut halves
  • a pinch of salt
Preheat oven to 160 degrees C (140 degrees C for fan forced ovens). Lightly grease an 8 inch round cake pan.
Make the caramel : Place castor sugar in a medium saucepan with 2 tablespoons water. Stir over low heat, without boiling, until sugar has dissolved. Increase heat slightly and bring to the boil. Cook, without stirring, for about 7 mins, or until mixture is a deep golden-caramel colour. Use a wet pastry brush to brush away any crystals from the side of the saucepan. Quickly pour the caramel into the prepared cake pan. (Be careful as this mixture is really hot). Stand the cake pan in a baking dish.
Place the eggs, pumpkin puree, spices, condensed milk and half and half together in a mixing bowl. Using a blender or in a food processor blend everything together till you have a smooth consistency. Pour into the round pan over the caramel. Add boiling water to the baking dish so it comes halfway up the sides of the creme caramel. Carefully place the baking dish with the cake pan into the preheated oven.
Bake for an hour to an hour and 10 minutes or until the mixture seems set but is slightly wobbly in the centre. Remove from oven and the cake pan from the baking dish. Place on a wire rack to cool completely.
Once cooled to room temperature, place in the fridge to set (approx 4 hours, preferably overnight). When ready to serve, turn the Creme Caramel onto a serving plate (a lot of liquid will also pour out which is delicious). Top with cinnamon roasted walnuts. Enjoy!
To make the Cinnamon roasted walnuts : Preheat oven to 180 degrees C. Line a baking tray with baking paper.
Beat egg whites lightly. Add walnuts, sugar, cinnamon and salt. Toss to coat evenly.
Pour on to the prepared baking tray and spread in a single layer. Bake for 10-12 minutes or until caramelized and golden.


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