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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!

Strawberry Flan Jello Cake

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How cool is this cake? In one bite you will get 3 different cakes, 3 different textures, and 3 different flavors!
Just because this 3-1 dessert looks amazing, it doesn’t mean that is super difficult to make or that it requires expertise skills as a baker. On the contrary, this cake is SOOO easy




Ingredients

Strawberry Cake Layer
    ·     1 Strawberry Cake Mix*
    ·     1 cup Water
    ·     1/3 cup Vegetable Oil
    ·     3 eggs

For Flan Layer
    ·     4 Eggs
    ·     8 oz Cream Cheese softened
    ·     1 can Condensed Milk
    ·     1 1/4 cups Milk
    ·     1 teaspoon Pure Vanilla Extract

For Jello Layer
    ·     6 oz box Strawberry Jello (the big box)
    ·     4 cups Milk

Instructions

1.    Preheat oven to 350 degrees Fahrenheit 
2.    Spray a Bundt Pan (15 cups) with Nonstick Spray
3.    Follow the instructions on the box to prepare the Strawberry Cake. Pour batter into the bundt pan. Shake it to distribute the batter evenly
4.    For flan: place the milk, eggs, condensed milk, vanilla, and cream cheese in a blender. Blend until creamy
5.    Pour the flan mixture on top of the strawberry mixture. Use a circular motion to distribute the flan batter evenly. During the baking process, the layers interchange so the flan goes to the bottom and the strawberry cake rises to the top
6.    Cover the bundt pan with aluminum foil
7.    Place bundt pan inside a larger pan filled with 2 inches of boiling water. Bake for 50-60 minutes or until a toothpick inserted in the middle of the cake comes out clean
8.    Remove from the oven and let it cool for 30 minutes on the counter before placing in the fridge to cool overnight
9.    Unmold the cake onto a plate and place in the fridge while making the jello layer
10.  Clean the bundt pan and lightly spray it with nonstick spray
11.  For Jello layer, cook 2 cups of milk with the jello on medium heat while whisking. When the milk boils, keep whisking for 2-3 minutes or until the jello has completely dissolved
12.  Strain into a bowl and add the remaining 2 cups and milk and stir. Let it cool slightly 
13.  Flip back the cake back in the bundt pan. Carefully add a piping bag between the mold and the cake. Add the jello mixture in the piping bag until the cake starts floating in the jello. Leave some liquid jello for the top 
14.  Place cake back in the fridge and top with remaining jello
15.  Refrigerate for 2 hours or until jello has set
16.  To unmold, use a hair dryer for a few seconds on the sides to loosen the jello
17.  Enjoy! 



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