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!

GERMAN CHOCOLATE FUDGE

This German Chocolate Fudge is a super easy and delicious chocolate fudge recipe!



GERMAN CHOCOLATE FUDGE

This is a sweet chocolate fudge with a creamy texture. The most famous “German Chocolate” recipe is for German Chocolate Cake. Although it sounds like it’s a German cake, it’s really not. It’s believed that the German Chocolate Cake recipe began appearing in the 1920’s. It gained big popularity when someone published a recipe for German Chocolate Cake in a Dallas newspaper in 1957. The name of the cake refers to the type of chocolate used in the cake- German Chocolate. Same with this German Chocolate Fudge recipe. You’ll need German Chocolate. Don’t worry- it’s easy to find in your regular grocery store.
WHAT IS GERMAN CHOCOLATE?

German sweet chocolate can be found in the baking aisle of your grocery store. It’s sold as “Baker’s German Chocolate Baking Bars.” Look for the 4-ounce box on the shelf with the other baking bars. You’ll need three boxes for this recipe.

German’s sweet chocolate is a dark baking chocolate that was created in 1852 by Samuel German, who was working at Walter Baker & Co. And so the Baker’s brand of German Chocolate began. German wanted to create a sweeter chocolate (sugar added) that would be nicer for bakers to bake with. German’s sweet chocolate is a bit sweeter than semi-sweet chocolate.



IS IT HARD TO MAKE FUDGE?

Fudge does have a reputation for being difficult to make, and it’s true that it can be a bit tricky sometimes. The heating process (boiling the ingredients) is what can make or break a good fudge texture. Sometimes it will turn out a bit grainy, and if it’s perfect then it will be more creamy. It takes practice! The good news is that German Chocolate Fudge will be delicious whether it’s grainy or creamy.

WHAT’S THE BEST WAY TO STORE FUDGE?

Fudge has a relatively long shelf life, if it’s stored properly. Wrap each piece of fudge in waxed paper, then place the pieces in an airtight container such as a sealable plastic bag or box. The wax paper will prevent the fudge pieces from sticking together. Alternatively, you can wrap your fudge in plastic wrap or aluminum foil to protect it. It will keep about two weeks at room temperature. It tends to dry out if kept in the refrigerator.

CAN FUDGE BE FROZEN?

Yes! I often make this German Chocolate Fudge for the holidays, and I like to make it early and keep it stored in the freezer. Simply wrap and package the pieces, then place the container in your freezer. Your fudge should last for several months. When you’re ready to bring your fudge out, take the wrapped pieces from the freezer and leave them at room temperature for two hours. You might spot some moisture on the fudge as it defrosts, but just let it sit and the moisture will dry up.




If you are looking for a super easy fudge recipe that usually comes out perfect every time– nice and smooth, sets up perfectly and melts in your mouth… this German Chocolate Fudge recipe for you! This recipe makes 5 pounds of fudge. I know that seems like a lot, but it’s really just one, big cookie sheet full of fudge. The nice part is that you can cut it up and package it as gifts.


GERMAN CHOCOLATE FUDGE


This fudge recipe is rich and chocolatey. The perfect texture!

Course Dessert
Cuisine American
Keyword chocolate fudge recipe, german chocolate fudge
Prep Time 25 minutes
Cook Time 8 minutes
Total Time 33 minutes
Servings 96 pieces
Calories 101 kcal



INGREDIENTS
12 ounces semi-sweet chocolate chips
12 ounces sweet German chocolate, chopped
7 ounces jarred Marshmallow creme or fluff
4 cups granulated white sugar
2 tablespoons butter
12 ounces evaporated milk
pinch of salt
1 teaspoon vanilla extract
2 cups chopped pecans


INSTRUCTIONS
Butter a 15x10-inch (rimmed) jelly roll pan.
Combine the chocolate and marshmallow creme in a large bowl; set aside.
Combine the sugar, butter, milk and salt in a heavy skillet. Bring to a rapid boil, then boil 6 minutes, stirring constantly. Remove from heat and stir in the vanilla.
Pour the hot butter mixture over the chocolate mixture in the large bowl. Stir with a wooden spoon until smooth. Add the nuts and mix well.

Spread the fudge into the prepared pan. When cooled, cut into 1-inch squares.


BERITA LENGKAP DI HALAMAN BERIKUTNYA

Halaman Berikutnya

Subscribe to receive free email updates: