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!

Apple Spice Cake with Cream Cheese Frosting

This apple spice cake with cream cheese frosting is packed with flavor, filled with cinnamon, and has a delicious caramel undertone thanks to brown sugar. Then topped with fluffy cream cheese frosting – it’s the perfect cake for fall!


Then our cake is packed with flavor. Using brown sugar adds a delicious caramel flavor – then cinnamon, nutmeg and ginger are the trifecta of spices. Not to mention the delicious apple flavor.

This cake is perfectly dense, moist, filled with flavor and completely perfect for fall. And if you love carrot cake or zucchini cake – I definitely recommend trying this apple spice cake with cream cheese frosting.


Slice of apple spice cake with cream cheese frosting topped with chopped walnuts. Apple and second slice of cake in the backround.

Apple Spice Cake with Cream Cheese Frosting

This apple spice cake with cream cheese frosting is packed with flavor, filled with cinnamon, and has a delicious caramel undertone thanks to brown sugar. Then topped with fluffy cream cheese frosting - it's the perfect cake for fall!



Ingredients
For the Apple Spice Cake

  • 2 1/4 cup all-purpose flour
  • 2 tsp baking powder
  • 1/2 tsp baking soda
  • 1/4 tsp salt
  • 2 tsp cinnamon
  • 1/2 tsp ginger
  • 1/4 tsp nutmeg
  • 2/3 cup vegetable oil
  • 1 cup white sugar
  • 3/4 cup packed brown sugar
  • 3 large eggs , room temperature
  • 2 tsp vanilla extract
  • 1 cup apple sauce
  • 1 1/2 cups grated apple
  • 1/3 cup sour cream

For the Cream Cheese Frosting

  • 1/4 cup unsalted butter , softened to room temperature
  • 8 oz cream cheese , softened to room temperature
  • 3 cup powdered sugar , sifted
  • 1 tsp vanilla
  • 1-2 tablespoons cream , as needed
  • chopped walnuts . optional


Instructions
For the Apple Spice Cake

  • Preheat the oven to 350F degrees. 
  • Grease and flour a 9x13 inch cake pan. 
  • In a large bowl whisk together the flour, baking soda, baking soda, salt, cinnamon, ginger & nutmeg. 
  • In a large bowl using an electric mixer beat together the oil, sugars, eggs and vanilla. Then stir in the apple sauce, grated apple and sour cream. 
  • Slowly beat in the flour mixture, turning off the mixer and scraping down the sides of the bowl as necessary. 
  • Pour into the prepared pan and bake for 40-45 minutes or until an inserted toothpick comes out clean. 

For the Cream Cheese Frosting

  • In a large bowl beat together the butter and cream cheese frosting until no lumps remain. 
  • Slowly beat in the cream cheese about 1 cup at a time, then beat in the vanilla extract and 1-2 tablespoons cream as needed. 
  • Frost the cooled cake, then top with chopped walnuts. 



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