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!

French Chocolate Tart with Brown Butter Crust

This tart is super simple, decadent, authentically French and probably the best chocolate dessert you”ll ever meet!


I decided to share the crème de la crème today, It’s actually a recipe I thought you’d love as much as we did, and I knew it would be perfect for the all the upcoming occasions you might have on the docket: parties, picnics, potlucks, family get-togethers. Have you ever noticed that if there’s a chocolate choice on the menu, it usually gets the most takers?


This one’s great because the whole thing can be made in advance, ensuring less last moment frenzy. The crust is the same crust I used on my Goat Cheese and Tomato Soufflé Tarts. It’s one of Paule’s cherished family recipes, and she’s become quite famous for it. In fact, all you have to do is Google Paule Caillat’s Crust and you’ll find articles from Saveur, Food 52, The Kitchn, David Lebovitz and more!  I love that it can be used for both sweet and savory tarts and love even more that it can be thrown together in minutes (hands on time) with no rolling or cutting butter into flour.

How does that work? It’s a very unconventional technique: butter, sugar and a splash of oil and water are heated in the oven (yup, you heard right!) until the mixture is bubbly and golden brown. Remove the bowl from the oven, add a cup of flour and stir. That’s it; for a buttery, super flaky, amazingly delicious tart crust. If you don’t tell anyone how easy it is, I promise I won’t either!

French Chocolate Tart with Brown Butter Crust















































Ingredients
For the crust:
  • 3 ounces butter
  • 1 tablespoon vegetable oil any mild flavored oil is fine. I use canola.
  • 3 tablespoons water
  • 1 tablespoon sugar
  • ⅛ teaspoon salt
  • 1 cup all-purpose flour slightly round cup
  • For the ganache filling
  • 1 cup heavy cream
  • 8 ½ ounces good quality chocolate**
  • 1 ounce butter
US Customary - Metric

Instructions

  1. Preheat the oven to 410º F (210º C).
  2. Cut butter into small pieces and place in a medium-sized ovenproof bowl (I use Pyrex). Add the oil, water, sugar, and salt.
  3. Place the bowl in the oven until mixture is bubbling and just starting to brown, about 15 minutes.
  4. Remove bowl from the oven and reduce temperature to 375˚F.. The bowl will be very hot so handle with a hot pad till it cools down. Immediately add the flour (stand back a bit as the mixture may sputter as flour is added). With a heat-proof spatula stir until the mixture forms a ball.
  5. Transfer the dough to a 8 or 9-inch* (23 cm) tart mold with a removable bottom. When it's cooled down a bit, press dough to an even layer with your fingers. I like to start with the sides and then press the remaining dough on the bottom. (David Lebovitz suggests reserving a small ball of dough to patch up any cracks once the crust is baked. I do this if the filling is a runny egg mixture but with this thick chocolate ganache, I don't worry about it.)
  6. Pierce the bottom with a fork all over. Also press the sides of the crust with a fork to reinforce.
  7. Bake for 15 minutes or until crust is golden brown.
  8. Remove from the oven and allow to cool completely before filling.
  9. For the ganache filling, break the chocolate into small pieces and place in a medium size bowl.
  10. Heat the cream. When it reaches the boiling point, remove. You can heat the cream on the stovetop or in the microwave. Remove it from the heat just as it starts to boil.
  11. Pour the hot cream over the chocolate. Stir with a heat-proof spatula till creamy and all chocolate has melted. Add the butter and stir well to incorporate.
  12. Pour chocolate mixture into cooled crust and refrigerate for at least one hour. Can be made up to 24 hours in advance. Top with raspberries, strawberries, caramel, whipped cream or whatever strikes your fancy

Recipe Notes
* I used a 9-inch pan. If you like the crust a little thicker, use an 8-inch pan. ** Use the best chocolate you can afford. Paula used Valrhona but there are lots of other good choices.



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