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!

Easy Japanese Strawberry Shortcake (Light & Moist)

I love cottony, moist and light strawberry shortcake and I really want to make this cake in no time. This cake is done in a day and serve after few hours. Yummilicious! 



Lest Get Started on a Simple Shortcake

What is Japanese Strawberry Shortcake?

Japanese strawberry shortcake is a layered sponge cake with a strawberry and whipped cream filling, and whipped cream frosting.  Unlike the American concept of strawberry shortcake , there are normally sweet biscuits/scones topped with strawberries and whipped cream.
Components you need:
  • sponge cake
  • cream Chantilly
  • fresh strawberries

Sponge (Egg separation method):

  • 4 egg yolks
  • 20g castor sugar
  • 60g Liddells lactose free milk( or any milk)
  • 40g vegetable oil
  • 80g cake flour
  • 20g corn flour
  • 4 egg whites
  • 1/4 tsp cream of tartar
  • 70g castor sugar

1)Whisk egg yolks and 20g of castor sugar.
2)Mix in oil and milk to well combine.
3)Sift in all flours and mix well.
4)In a  clean bowl:Beat egg whites and cream of tartar until foamy,add in castor sugar in 2 additions and keep beating it on high speed until soft peak achieved.
5)Fold in 1/3 of meringue(a) into yolk mixture from step (3) to well combined, then fold in the remaining meringue to well combine without deflating the volume.
6)Pour into a prepared 10″ X 14″ baking tray lined with baking paper.Bake at preheat oven of 170C for 20 minutes or until it springs back when press in, depending on individual oven.
7)Once baked, remove pan from oven and invert onto a new sheet of baking paper. Allow to cool.
8)Once cooled, peel off the baking paper and cut out 4 pieces of 5″ circle discs.
9)Wash strawberries, dry it and slice thinly.
10)Prepare the cream chantilly.

Note:
(a)what is meringue? Meringue means  egg whites and castor sugar are beaten to airy texture with alot of air pockets trapped inside.Usually to double or tripled of volume.
(b)Always remember when folding meringue into yolk mixture,it has to be done slowly and gently without deflating the air pockets, usually by using spatula to fold from bottom to upwards in slow motion until both mixture are well combined without any trace of meringue has been seen. Deflating the air pockets will not produce a well risen cake as result.
(c)You can bake this sponge at 180C for 15 minutes.For my sponge to achieve cottony , airy and moist texture,  adjust to 170C for 20 minutes until golden brown and spring back when lightly press in.Thetemperature sometimes greatly  depend on individual oven.(watch your oven temperature)


Cream Chantilly:

  • 250g Bulla whipping cream ( or any dairy whipping cream)
  • 2 tbsp of castor sugar
  • 1/2 tsp vanilla paste ( or vanilla essence )
1)Beat cream, sugar and vanilla paste together until thickened or firm peak formed.
2)Spoon 1 cup of cream into piping bag with round nozzle attached.Chill in fridge.

Assemble:

  • some strawberries, sliced thinly
  • cream chantilly
  • sponge
1)Place 1st piece of sponge onto your rotating cake stand or just table.
2)Spread some cream on the sponge, and arrange strawberries onto the cream.
3)Top up with 2nd piece sponge, spread some cream and arrange strawberries onto the cream.
4)Repeat step (3).Finally cover with last piece of sponge.
5)Frost your entire cake with cream chantilly.
6)Pipe some cream with tear drop shapes around the edges of the cake, top up with some sliced strawberries.
7)Serve.

Source; Click

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