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!

NUTELLA CHOCOLATE PANCAKES WITH BLUEBERRY SAUCE










Nutella pancakes are here to rescue your sad breakfasts and make them AWESOME! Why just put nutella on your pancakes when you could have it inside AND on top of the pancakes?

In my house, pancakes tend to be reserved for special occasions or treat breakfasts – in the week I enjoy a healthy green protein smoothie which means I get to indulge at the weekend! Scrambled eggs on toast or bluberry pancakes are my favourite, but I decided to dream up something extra special for Pancake Day! Introducing Nutella Chocolate Pancakes with Blueberry Sauce!!



These fluffy and rich chocolate pancakes are packed full of yummy chocolate hazlenut nutella. The nutella, greek yoghurt and cocoa powder keeps them so moist inside. The blueberry sauce is a super easy delicious accompaniement to the pancakes (or you could use strawberries, raspberries or another berry!) but you can also not bother with it if you don’t have any berries in the house. I used frozen blueberries for my sauce, which will work just as well as fresh.

Of course, these pancakes are so chocolatey and indulgent that they’re really more of a dessert than a breakfast, but sometimes, that’s just what you need! Birthdays, pancake day, a Sunday when you need an amazing breakfast just because!

Something to note about this recipe – before you make these delicious nutella pancakes, you’re going to heat your nutella in the microwave for about 30 seconds – this will ensure it is nice and liquid and easy for you to mix into your pancake batter.







Nutella Chocolate Pancakes with Blueberry Sauce
Yields 6
The ultiimate in breakfast indulgence!


Prep Time
15 min
Cook Time
5 min



INGREDIENTS :

For the pancake batter75g or 1/3 cup golden caster sugar
35g or 1/3 cup cocoa powder
75g or 1/3 cup light-brown sugar
210g or 1 1/2 cups plain flour
1 tsp baking powder
1/2 tsp salt
120ml or 1/2 cup milk (use whatever you have in the house)
120g or 1/2 cup greek yoghurt
4 heaped tbsp nutella
2 large eggs
1 1/2 tsp vanilla bean paste
For the berry sauce75g blueberries, strawberries or other berry of your choice
To serve: 2-3 more tablespoonfuls of Nutella


DIRECTIONS :

For the pancake batter
Combine your dry ingredients in a large bowl by sifting them together - the plain flour, cocoa powder, baking powder, salt. Add the two sugars and mix together, then set aside.
In a smaller bowl or jug, combine the greek yoghurt, vanilla extract, nutella, and milk. Whisk the mixture until everything is incorporated, then add the two eggs.
Next, gently whisk the wet ingredients into the dry ingredients. You don't want to overwork the mixture, so just stir until everything is incorporated - no more.
To cook, heat up a large saucepan on a medium - high heat, and melt a tsp of butter and ensure the whole pan is coated with it. Use a ladle or ice cream scoop to measure batter onto the saucepan, using a spatula to guide it into a circular shape. Flip the pancakes as soon as you see bubbles appearing on the top - these can burn quickly so have a spatula handy and ready to go! Keep any cooked pancakes on a baking sheet in a low oven while the whole batch cooks.
For the berry sauceCombine your berries in a small saucepan with about 3 tbsp water. Heat on a low heat, stirring until the berries begin to pop and melt. Set aside until ready to serve.
To serve: Stack the pancakes on two plates, then drizzle over warm nutella and berry sauce. Enjoy!


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