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 Vegan Croissants

Vegan croissants are nothing new since the invention of butter substitutes that act and bake very much like their dairy counterpart.  The problem is that the croissant-making process is pretty laborious and takes a certain amount of skill to pull off so you don't end up with margarine squirting out from between your layers of dough and making a huge mess.  I speak from experience.  But what if you could make croissants with minimal skill and only about 45 mins of prep time?  Wouldn't that mean that all of us could frolic in fields of flaky pastry and French-inspired carbohydrate goodness?  Yes!  Yes, it would!  Well, the dream is a reality: these croissants are both easy and tasty.  Sure, they are not exactly like a real croissant, but I am willing to trade time and ease for some flakiness and lightness.  The worst thing that can happen is that you end up with the tastiest bun you've ever eaten. 

Now, this recipe still takes time, but it is lazy, waiting around time.  Actually prep time is comparatively minimal. 

There are four things that make this recipe work.  First, instant yeast.  Only instant yeast can dissolve and raise the dough under these conditions.  Second, you need to keep things cold.  Warming things up before the final rise will mean greasy croissants with less rise.  Third, keep things well-floured.  Finally, keep in mind that you are not making a pie.  Don't be afraid of bigger chunks of fat. 

You can use all-purpose or bread flour.  The former will give you a softer dough that is easy to work with, the second will give you a better gluten structure and more rise.  I like a half and half mix of the two.  You can also play around with the fat you want to use.  The pictures here used a mix of shortening and coconut oil--it was less successful (you can see the chunks of coconut oil in the dough that never really flattened out) but still perfectly passable and edible.  You want cold but pliable chunks of fat that will roll out without ripping your dough and tearing the layers.  If you are using a rather soft fat, like Crisco or the like, I recommend keeping it in the freezer.  The great thing is that unlike the traditional method, these croissants can be made with softer fats with pretty good results. 

Recipe adapted from Reinhart, Artisan Breads Everyday

INGREDIENTS
Makes 7 croissants
- 2 1/3 (298g) all purpose or bread flour, or a mix of the two
- 3/4 tsp salt (less if you are using a salted margarine like Earth Balance)
- 2 tbsp sugar
- 1 1/2 tsp instant yeast (NOT rapid or quick-rise)
- 3/4 cup (170g) cold margarine or shortening (or a mix of the two)
- 1/4 cup + 3 tbsp (99g/3.5oz) cold plain soy milk
- 1/2 cup (114g/4oz) cold water

METHOD
1. Whisk together flour, salt, sugar, and yeast.
2. Cut margarine/shortening into chunks and put in flour.  Using a pasty cutter, gently incorporate the fat into the flour. You want to leave chunks of fat the size of large peas. 
3. Drizzle the soy milk and water over the flour/fat mixture and gently incorporate with a silicon spatula.  The dough will be sticky.  When all of the liquid has been evenly incorporated, cover the bowl and place in the fridge overnight, and for up to three days. 
4. On baking day, remove the dough from the fridge.  It will have risen some in the cold, and will be sticky and spongy.  Like so:

From here you will need about 3-4 hours to finish the bake.  On a well-floured surface, and after flouring the top of the dough, pat the dough into a rectangle. 

5. With a rolling pin, roll the dough into a rectangle approximately 7x15.  The key to evenly rolled dough is to start in the centre and roll out towards each of the four corners.  Square off the corners as best you can.

6. Now the laminating: fold the top edge down to the middle, and the bottom edge up to the middle.

 Then, fold in half along the middle line.
Side profile:


7. Rotate 90 degrees so that the folded edge is on your left.  Keeping everything adequately floured, Roll dough out into another 7x15 rectangle and repeat step 6.  Rotate 90 degrees and repeat step 6 again.  By now, the dough will have firmed up.  If the dough bounces back too much, let it rest a few minutes before continuing to roll it out.
8. Cover the dough and let rest at room temperature for 30 mins. 
9. Keeping everything adequately floured, gently roll the dough into a 9x16 rectangle.
10. Working along the long side, notch the dough every 4 inches.  Do the same on the opposing side, starting two inches in from the edge.

11. Cut the dough into triangles by connecting the notches.  I find a pizza cutter works really well for this.  There will be some scrap pieces on either side.

12. This part takes a little finesse.  Gently stretch the base of the triangle, then gently pull the tip of the triangle to extend the croissant's length. If the underside it too floury, dust off as much as you can.

Start rolling from the base to the tip.  Anchor the tip to the counter with your finger so you can gently pull back on the base as you roll the croissant.  Make sure the tip is on the bottom and place on a baking sheet lined with parchment paper.  Tuck in the ends to get the crescent shape.  You can make mini croissants with the end scraps.

13. Loosely cover the croissants with plastic wrap and let rise at room temperature for about 2.5 hours, until well-swelled. 
14. Heat oven to 350 degrees,  Bake for 15 minutes, then rotate the pan and bake for anther 15 mins until croissants are evenly golden.
15. Let cool for 1 hour, and enjoy!  These croissants freeze very well. 


more recipes @ vegandad.blogspot.com

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