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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!

ULTIMATE SOUR CREAM COFFEE CAKE

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ULTIMATE SOUR CREAM COFFEE CAKE
We went all out on this Ultimate Sour Cream Coffee Cake. Big flavor baked into a loaf cake that slices up perfectly!
I am going to just be home, trying not to eat this entire cake….it’s just sitting there all lonely and stuff. I guess it’s time for a trip to the neighbors. They love it when I am dieting. Ding Dong – ‘Honey, get the door. It’s that lady that used to be fat – she brings us the most delightful stuff!”.
So happy I can be of service….sharing the chub, one neighbor at a time.
NOTES TO MAKE THIS ULTIMATE SOUR CREAM COFFEE CAKE
I used pecans but walnuts or almonds would work just as well.
I used a loaf pan but a 9 x 9 will work just as well.
If you want 2 loaves or a 9 x 13 size cake pan – just double the ingredients and it will work fine.

Ultimate Sour Cream Coffee Cake!
Prep Time 10 mins
Cook Time 40 mins
Total Time 50 mins
The ultimate delicious sour cream coffee cake! 
Course: Dessert
Cuisine: American
Servings: 8
: 376 kcal
: LaughingSpatula.com

Ingredients
Cake
  • 1/2 cup butter - room temp
  • 3/4 cup sugar
  • 2 eggs
  • 1 teaspoon vanilla extract
  • 1/2 cup sour cream
  • 1 1/4 cup flour
  • 1 teaspoon baking powder
  • 1/4 teaspoon baking soda
  • 1/4 teaspoon salt
For Streusel Topping
  • 1/4 cup brown sugar
  • 1/2 cup flour
  • 1 1/2 teaspoons cinnamon
  • 1/4 teaspoon salt
  • 3 tablespoons butter - chilled
  • 1/2 cup chopped pecans
Maple Icing
  • 1/2 cup powdered sugar
  • 2 tablespoons maple syrup
  • 2 tablespoon milk
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Instructions
  1. Preheat oven to 350. Spray 9 x 5 loaf pan with non stick spray.
For Cake:
  1. Using mixer. Cream together butter and sugar until fluffy. Add eggs, one at a time. Add vanilla and sour cream. Mix until well combined.
  2. In separate bowl - combine flour, baking powder, baking soda and salt.
  3. Add to wet ingredients.
For Streusel topping
  1. In medium bowl, combine all ingredients. Mix with pastry cutter or fork until well combined and butter is the size of small peas.
  2. Pour half the cake batter into the prepared loaf pan and top with half the streusel mixture. Add remaining batter and top with streusel mixture. (this makes a lot of streusel so go heavy with it!)
  3. Bake for about 40 minutes or until a toothpick comes out clean.
  4. Icing
  5. Mix all icing ingredients together and drizzle over cooled cake.

Nutrition Facts
Ultimate Sour Cream Coffee Cake!
Amount Per Serving
Calories 376Calories from Fat 216
% Daily Value*
Total Fat 24g37%
Saturated Fat 12g60%
Cholesterol 90mg30%
Sodium 350mg15%
Potassium 168mg5%
Total Carbohydrates 59g20%
Dietary Fiber 1g4%
Sugars 36g
Protein 5g10%
Vitamin A12.7%
Vitamin C0.2%
Calcium7.5%
Iron9.9%
* Percent Daily Values are based on a 2000 calorie diet.



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