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!

VALENTINE RASPBERRY CREAM FILLED CUPCAKE WITH A CUPCAKE

These super easy and totally adorable Valentine Raspberry Cream Filled Cupcakes with a Cupcake topper will be perfect for showing some love! The cupcake recipe starts with a boxed cake mix then filled with a yummy raspberry butter cream icing. My favorite addition to the cupcake is the mini cupcake topper. Just such a cute addition! Years ago we made this recipe for my daughters birthday, All of the guests loved them and she has always remembered these cupcakes. So I decided I would make a batch to surprise her.


VALENTINE RASPBERRY CREAM FILLED CUPCAKE


This cupcake idea will be great for making last minute since Valentine’s Day is just a few days away. They are super easy and very inexpensive. Perfect for a classroom or office party.





The raspberry butter cream icing in the middle is such a perfect surprise. I always use a butter knife to cone out my cupcakes. Now that I am writing this post I am going to immediately hop on over to Amazon to buy one of these Cupcake Plungers. They are super inexpensive but, I keep forgetting to get one, ha ha!



Grab your favorite cake mix, raspberry preserves, butter, confectioners sugar and a few other items and you will be making these up in no time at all. I had my Reese’s Miniatures left over from Christmas so this was perfect for using them up!



INGREDIENTS
CUPCAKES:
1 box Devils Food Cake Mix
1/2 cup Vegetable Oil
3 Eggs
24 Reese’s Miniatures unwrapped
Candy Decorations
RASPBERRY ICING:
1/2 cup softened Butter
1 tbsp Milk
2 tbsp Raspberry Preserves
2 cup Powdered Sugar
Pink Food Coloring
WHITE ICING:
1 cup softened Butter
2 tbsp Milk
4 cup Powdered Sugar



DIRECTIONS
Bake cupcakes according to box directions.
Allow to cool.
Make Raspberry icing by creaming butter and raspberry preserves in a bowl.
Slowly add in the powdered sugar, and milk as needed, until everything is incorporated and frosting is right consistency.
Add food color and beat to reach desired shade.
Beat for 5 minutes to make sure it is fluffy.
Transfer to piping bag.
Use a plunger or knife to cut a hole in the top of the cupcake. Remove inner cake just leaving a cap.
Pipe in icing and place cap back in cupcake.
Make White icing by creaming butter and slowly add powder sugar and milk until you reach righ consistency.
Beat for 5 minutes to make sure it is fluffy.
Transfer to piping bag.
Ice cupcakes then decorate tops with Reese’s miniature.
Ice Reese’s cup with raspberry icing.
Decorate with candy decorations.










Valentine Raspberry Cream Filled Cupcake with a Cupcake

Ingredients

CUPCAKES:
1 box Devils Food Cake Mix
1/2 cup Vegetable Oil
3 Eggs
24 Reese's Miniatures unwrapped
Candy Decorations
RASPBERRY ICING:
1/2 cup softened Butter
1 tbsp Milk
2 tbsp Raspberry Preserves
2 cup Powdered Sugar
Pink Food Coloring
WHITE ICING:
1 cup softened Butter
2 tbsp Milk
4 cup Powdered Sugar
Instructions

Bake cupcakes according to box directions.
Allow to cool.
Make Raspberry icing by creaming butter and raspberry preserves in a bowl.
Slowly add in the powdered sugar, and milk as needed, until everything is incorporated and frosting is right consistency.
Add food color and beat to reach desired shade.
Beat for 5 minutes to make sure it is fluffy.
Transfer to piping bag.
Use a plunger or knife to cut a hole in the top of the cupcake. Remove inner cake just leaving a cap.
Pipe in icing and place cap back in cupcake.
Make White icing by creaming butter and slowly add powder sugar and milk until you reach righ consistency.
Beat for 5 minutes to make sure it is fluffy.
Transfer to piping bag.
Ice cupcakes then decorate tops with Reese's miniature.
Ice Reese's cup with raspberry icing.
Decorate with candy decorations.

BERITA LENGKAP DI HALAMAN BERIKUTNYA

Halaman Berikutnya

Subscribe to receive free email updates: