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!

Brioche Donuts With Mango Cream Filling



It’s a happy Monday. Any Monday that includes donuts is a good one. And not just any old donuts. We’re talking buttery, pillowy, super soft brioche donuts. Then they are poked open and filled with a cold mango whipped cream. Which basically means you bite into the only thing that’s good about an Indian summer


 You guys, these are incredibly good. Like really, really good. Let’s make donuts !





INGREDIENTS

    ·      cup water plus 1 tbsp
    ·     ⅛ cup caster sugar
    ·     1 and ⅛ tsps active dry yeast
    ·     1 egg, lightly beaten
    ·     1 tbsp rum
    ·     3 tsps vanilla extract
    ·     2 cups all-purpose flour
    ·     1 tsp salt
    ·     ¼ cup butter, cubed and at room temp (50 gms)
    ·     1 ripe mango*
    ·     1 cup cold whipping cream (200 ml)* (I use Amul)
    ·     Vegetable oil for frying
    ·     Powdered sugar for sprinkling

INSTRUCTIONS

1.    Heat the water in a bowl until it's warm but not too hot. You should be able to dip a finger in comfortably. Stir in the yeast and sugar till dissolved. Cover and set aside until foamy, about 10 minutes.

2.    In the bowl of a stand-mixer fitted with the dough hook, (or a large mixing bowl if doing this by hand), combine the yeast mixture, egg, rum and vanilla. Mix and then add the flour and salt. Knead on low speed till a shaggy dough begins to form.

3.    Add the butter, one cube at a time and mix on medium speed, adding the next cube after the first is mostly incorporated. I accidentally added them all at once, so had to work a little harder to get the glossiness, so gradually is best.

4.    Knead for 6 to 8 minutes in the mixer (about 10 minutes by hand) until the dough is smooth and glossy. Cover tightly with clingfilm and set aside for 1 to 2 hours until doubled. Even in a hot kitchen, this dough will rise slower because of the butter and eggs.

5.    If the risen dough feels sticky, place it in the fridge for 15 minutes to chill and become easier to handle.

6.    Form the dough into 5 large or 10 smaller rounds (see notes). Place at least 2 inches apart on a silicone or parchment lined sheet. Cover loosely with clingfilm and allow to double, about 1 more hour.I found them becoming wider rather than taller but the final texture remained unaffected.

7.    When the dough balls have almost doubled, pour vegetable oil about rds of the way in a large, sturdy wok or pot. Pinch off a small bit of the dough and drop it into the oil. If it rises to the surface and begins to brown, the oil is hot enough.

8.    Carefully lift off the puffy dough balls, taking care not to deflate them as much as possible. If some lose their shape or become wrinkly, do not fret. They will still fry up well. Just slide them into the hot oil and cook for two to three minutes on each side until golden-brown. Place on a paper-towel to drain.

9.    Allow the fried donuts to cool completely. Meanwhile, peel the mango and place the pulp in a blender. Puree until completely smooth.

10.  To make the filling, place a mixing bowl and beaters from a hand mixer in the fridge about 20 minutes before beginning. This ensures that the cream stays cold while you whip it.

11.  Pour the cream into the bowl and add ¼ cup sugar if you'd like to sweeten it (see notes). Whip on medium speed until soft peaks form and hold their shape when you take the beaters out.

12.  Fold in the mango puree slowly. The cream will deflate and thin out a bit because of the water that mangoes contain, don't worry about it. Place the cream in the fridge while you prep the donuts.

13.  Use the end of a fork to poke a hole in the side of each donut, taking care not to poke all the way to the end. Move the fork around to loosen the donut just slightly.

14.  Fill a piping bag or bottle with the filling, and attach a thin tip which won't break the donut. Fill each one till the mango cream reaches the outside, then stop. Dust liberally with powdered sugar and serve immediately.

The donuts are naturally best eaten fresh, but keep well in the fridge for 2 to 3 days. They remain soft enough to be eaten cold! Enjoy 




NOTES
*Preferably, form 10 small donuts, not 5 large ones. This makes it easier to lift them and put them into the oil without deflating them.
*Make sure your whipping cream is in the fridge at least 24 hours before making the filling.
*I like slightly under-sweetened desserts these days, so I left the filling as is, without adding sugar. However, if your mango isn't too sweet, or you like a sweeter donut, add ¼ to
cup powdered sugar while whipping the cream. 

*Prep-time does not include rising or cooling time.


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