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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!

Caramel Poke Cake

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In each home there are family members who like candies and sweet things. If you want to have happy family, you need to pay attention on preparing cakes, desserts, creams and other candies.
Every beginning is difficult and that is the case especially about cooking. Beside ingredients and right recipe you need to add something very important, love. You love your family so you need to cook meals for family members with love. Many people think that for good dessert you need to add expensive ingredients. That is a mistake. I tasted so many cakes which were made with most expensive ingredients I know, but I wasn’t surprised. On the other side, I tasted many cakes with simple basic ingredients but very good combination and stayed speechless.
This delicious caramel poke cake with caramel sauce topping is the real hit. Caramel poke cake is very simple and so delicious. When I found this recipe, I thought how simple it is, so I made a decision to make it and I didn’t expect a surprise but when I tasted it I was shocked. Today, this Caramel poke cake is favourite in my family. Caramel poke cake is really decorative cake and you can slice it very easy. With few basic ingredients which you usually have at your home and topping you can make based on your taste. You can make caramel topping, chocolate or banana pudding or you can add your favorite fruits.
For this Caramel poke cake you have many different combinations. When your cake is done, you need a wooden spoon which you need to make poke holes and then add your favorite topping. Holes will be full and the result is this very moist and delicious Caramel poke cake. I said this to you before, you can make topping which you like. Every topping gives to this cake special taste. Every time you eat this cake you will find lot of fill topping. I really love this dessert and when I eat this Caramel poke cake I really enjoy!



INGREDIENTS

For cake:
o    1¾ cups flour, all-purpose
o    ¾ cup unsweetened cocoa powder
o    2 cups granulated sugar
o    2 eggs
o    1 ½ teaspoon baking powder
o    1 ½ teaspoon baking soda
o    1 teaspoon vanilla extract
o    Pinch of salt
o    1 cup milk
o    1 cup brewed coffee, cooled
o    ½ cup vegetable oil
o    Caramel sauce (12.25 oz jar)
o    Small can of sweetened condensed milk (14 oz)
For garnish:
o    Chocolate sauce

INSTRUCTIONS

1.    Preheat oven to 350 degrees F. Grease and flour a 9x13 inch baking dish and set aside.

2.    In a large bowl combine dry ingredients: flour, sugar, cocoa, baking soda, baking powder and salt

3.    Add eggs, milk, vegetable oil and vanilla and beat on medium speed for 2-3 minutes, add coffee and mix to combine (the batter will look runny). Pour it in the baking dish and smooth the top. Bake 35 to 40 minutes, until toothpick inserted into center comes out clean. If the cake rise too much in the center and crack, you can press it gently with your palms, when it’s slightly cooled, just to smooth the top.

4.    Remove the cake from oven and cool

5.    In a separate bowl, mix the caramel sauce with the condensed milk

6.    Poke holes all over the entire cake using the end of a wooden spoon

7.    Pour caramel sauce over the cake allowing it to seep into the holes and use a spatula to spread it all over

8.    Refrigerate minimum 4 hours

9.    Top with chocolate sauce



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