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!

Rhubarb Streusel Cake Recipe

This Rhubarb Streusel Cake recipe is just like Grandma used to make! It’s the perfect tender cake recipe with fresh rhubarb and a sweet and crispy streusel topping, and it’s absolutely lovely with a cup of coffee or tea!


This Rhubarb Streusel Cake recipe is so easy to make and it’s perfect for beginning bakers because it’s really hard to mess up. It’s tender and moist with a sweet and crunchy streusel topping with just a hint of warmth from a little cinnamon.



This Rhubarb Streusel Cake is so moist and the tang of the rhubarb is perfectly balanced out by the sweetness of the streusel topping.  Desserts like this stand the test of time, and for good reason. It just doesn’t get any better than good old butter and sugar and really, why would you even try to modernize something so simple and tasty?

Rhubarb Streusel Cake Recipe
This Rhubarb Streusel Cake recipe is just like Grandma used to make! It's the perfect tender cake recipe with fresh rhubarb and a sweet and crispy streusel topping, and it's absolutely lovely with a cup of coffee or tea!



Ingredients
For the cake:
  • 1/2 cup unsalted butter at room temperature
  • 3/4 cup white sugar
  • 2 eggs
  • 1 tsp vanilla extract
  • 1/2 cup milk
  • 1/2 cup sour cream full fat is best
  • 2 cups all purpose flour
  • 2 tsp baking powder
  • 1/4 tsp salt
  • 1 tbsp unsalted butter for greasing the cake pan
  • 2 1/2 cups chopped fresh rhubarb
For the streusel topping:
  • 2/3 cup all purpose flour
  • 2/3 cup white sugar
  • 4 tbsp melted butter
  • 1/2 tsp cinnamon
Instructions
  1. Preheat your oven to 350 degrees Fahrenheit.
  2. Wash 3-4 stalks of rhubarb and chop them into bite sized pieces (you'll need about 2 and a half cups of chopped rhubarb to cover the cake.). Set them aside in a bowl while you prepare the cake batter.
  3. Add the butter and the sugar to the bowl of your stand mixer and beat them together until the mixture is fluffy and becomes a pale colour (about 4-5 minutes). It's important that the butter is at room temperature before you begin. This will allow it to integrate properly with the other wet ingredients.
  4. Feel free to use a hand mixer if you prefer.
  5. Add the eggs and the vanilla and beat them in on medium speed until the mixture is smooth. It's a good idea to scrape down the bowl periodically to make sure everything is incorporated evenly.
  6. Add the milk and sour cream and beat in these ingredients on low speed until they're combined.
  7. To a separate bowl add the flour, the baking powder and the salt and mix these ingredients together with a fork or a wire whisk. Once they're all incorporated, dump the flour mixture into the bowl of the stand mixer with the wet ingredients. Turn the mixer on low and watch the batter come together. As soon as you see the batter form with streaks of flour throughout, turn off the mixer and remove the bowl.
  8. Over-mixing at this stage can cause an overly dense and dry cake with large air bubbles, which you definitely don't want. Using a rubber spatula, scrape down the sides of the bowl by hand and gently fold in the remaining flour. Be sure to stop folding as soon as everything is combined.
  9. Grease a 9x13 rectangular glass cake pan with some butter and pour the batter into the pan, using the spatula to push the batter into the corners and even out the surface. Don't worry, the batter will seem thick but it's supposed to be like that.
  10. Spread the rhubarb over the top of the batter.
  11. In a clean bowl mix together the flour, sugar and cinnamon for the streusel topping.  Add in the melted butter and mix everything together with a fork until the mixture becomes crumbly.
  12. Sprinkle the streusel mixture over the cake and the rhubarb, making sure to spread it at evenly as possible and into all the corners.
  13. Bake the cake at 350 degrees Fahrenheit for 47-50 minutes. When it's finished baking the topping will be slightly browned on top, the rhubarb will be bubbly, and when you insert a toothpick into the centre of the cake it will come out clean.
  14. Try to let the cake cool in the pan for at least 20 minutes before cutting into it...if you can wait that long!
Recipe Adapted : Rhubarb Streusel Cake @ thebusybaker

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