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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!

Apple Pie Cake

Edit
I have a confession to make: This cake came out of my desire to not make a pie crust. And not to have to run to the grocery store the night before Thanksgiving. I was planning on making an apple crumb pie and just did not feel like dealing with pie crust. I was tired, sick of cleaning my kitchen and so over washing dishes and ready to call it a night. 

So I took a look around my pantry and found a box of cake mix. Perfect, always a good place to start. I combined it with traditional apple pie filling ingredients and the rest is history. Sometimes the best ideas are born out of necessity, right? 

Gather your ingredients.


In a small bowl, mix together flour, brown sugar and salt.


Add butter, and rub together until it resembles a crumble. Set aside.


Toss the apples with brown sugar, cinnamon and lemon juice.


Make the cake batter according to the directions on the package.


Pour the batter into a 9 x 13 pan that has been sprayed with cooking spray.


Spread the apples over the batter.


Spread the crumble over the apples.


Bake for 30 to 35 minutes, or until a toothpick comes out clean.


Sprinkle the cake with powdered sugar and cut into squares.


Apple Pie Cake

Ingredients
Topping
  • 1cup Gold Medal™ all-purpose flour
  • 1/2cup packed brown sugar
  • 1/4teaspoon salt
  • 1/2cup butter, cut into small pieces
Apple Mixture
  • 6 apples, peeled, thinly sliced
  • 3tablespoons packed brown sugar
  • 1teaspoon ground cinnamon
  • 2teaspoons lemon juice
Cake
  • 1box Betty Crocker™ Super Moist™ yellow cake mix
  • 1 1/3cups water
  • 1/3cup oil
  • 3eggs 
Directions
  1. Heat oven to 350°F (325°F for dark or nonstick pan). Spray bottom and sides of 13x9-inch pan with baking spray with flour.
  2. In medium bowl, stir together flour, 1/2 cup brown sugar and the salt. With pastry blender or fork, cut in butter until mixture is crumbly. Set aside.
  3. In another medium bowl, gently stir together Apple Mixture ingredients; set aside.
  4. In large bowl, beat Cake ingredients with electric mixer on low speed 30 seconds, then on medium speed 2 minutes, scraping bowl occasionally. Pour into pan.
  5. Spread apple mixture evenly over cake batter. Sprinkle Topping evenly over top.
  6. Bake 30 to 35 minutes or until toothpick inserted in center comes out clean. Cool completely, about 30 minutes.

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