» » CHAI CAKE WITH CREAM CHEESE FROSTING

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!

CHAI CAKE WITH CREAM CHEESE FROSTING

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THIS CHAI CAKE IS A SPECIAL TREAT FOR CHAI TEA LOVERS. PACKED WITH FRAGRANT SPICES AND PAIRED WITH A SIMPLE CREAM CHEESE FROSTING.

This Chai Cake is a special treat for chai tea lovers. Packed with fragrant spices and paired with a simple cream cheese frosting. | livforcake.com
Any chai tea lovers out there?? I’m actually not one of them (gasp!), but I do love a good spice cake, and that’s exactly what this is. But before we get into the details all of the deliciousness that is this Chai Cake, let me tell you about the adventure I had trying to decide how to decorate it. Ugh.
I was kind of at a loss for ideas. I was very uninspired, so I started looking at Fall food decorating ideas on Pinterest. Somewhere along the way, in the masses of pumpkins, and pears, and pecans, I stumbled across gooseberries. Now, there are no gooseberries IN the actual cake. They are purely decoration, and I think they do a pretty good job of that. But my quest to find them was not so easy.
This Chai Cake is a special treat for chai tea lovers. Packed with fragrant spices and paired with a simple cream cheese frosting. | livforcake.com
I also decided that I wanted some white currants to go with the gooseberries on top of the cake. I had seen some at my local farmers market a few weeks ago, and crossed my fingers they were still there. They were not. Nor were the gooseberries. It wasn’t until my 5th stop (!!) that I actually found gooseberries. And it was in a store I never go into and hadn’t planned on going to, but there they were. Success! Partial, anyhow.
It was around store #7 that I gave up on finding the white currants. My backup plan, which I didn’t have until  I gave up on the currants, was to pair the gooseberries with whole spices. None of which I had at home, of course. I hit up store #8 for the whole cardamom pods (since I knew they had them — I should have bought them the week before when I got the ground cardamom there) and loose leaf chai tea. Unfortunately, they didn’t have any other whole spices, so I had to go back to stores #2 and #5 to get them, UGH.
This Chai Cake is a special treat for chai tea lovers. Packed with fragrant spices and paired with a simple cream cheese frosting. | livforcake.com
THREE hours later, I was finally home. I didn’t get everything I wanted, but it was good enough. I was most happy with finding whole star anise. It’s not actually in the cake either (lol), but it’s so pretty!! Omg is it aromatic though. Not a pleasant smell unless you like liquorice (which I don’t).
For those of you who are unfamiliar with chai tea, it’s a very aromatic and spicy tea originating from India. The ingredients vary slightly depending on where you get it (or how you make it), but it typically consists of a black tea with cinnamon, cloves, ginger, black pepper, and the key ingredient, cardamom.
It’s cardamom that gives chai tea its unique flavour, and I think it’s a love/hate thing, like cilantro. It’s very strong, so you want to be careful not to use too much of it.
This Chai Cake is a special treat for chai tea lovers. Packed with fragrant spices and paired with a simple cream cheese frosting. | livforcake.com
Since this is a spice cake, I chose to pair it with a cream cheese frosting, but you could use a vanilla frosting if you prefer. The flavour of this cake is delicious, and the texture is perfect. But if you don’t like chai, you probably won’t like the flavour of this cake, though I’m not a chai lover, and it still tastes delicious to me. You can always adjust the amount of cardamom in it too, or just leave it out altogether for a regular spice cake.

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This Chai Cake is a special treat for chai tea lovers. Packed with fragrant spices and paired with a simple cream cheese frosting. | livforcake.com
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Chai Cake with Cream Cheese Frosting

This Chai Cake is a special treat for chai tea lovers. Packed with fragrant spices and paired with a simple cream cheese frosting.
 Course Dessert
 Type Cake
 Prep Time 2 hours
 Cook Time 40 minutes
 Total Time 2 hours 40 minutes
 Servings 12
  717 kcal
 Author Olivia

INGREDIENTS

Chai Tea Milk:

  • 1 1/2 cup milk
  • 1 Tbsp Chai tea leaves 2 tea bags

Chai Cake:

  • 2 1/4 cups all-purpose flour
  • 2 tsps baking powder
  • 3/4 tsp salt
  • 1 1/2 tsp ground cinnamon
  • 1 tsp ground cardamom
  • 1/2 tsp ground allspice
  • 1/4 tsp ground cloves
  • 1 tsp ground ginger
  • 3/4 cup unsalted butter room temperature
  • 1 cup granulated sugar
  • 1/2 cups light brown sugar packed
  • 3 large eggs room temperature
  • 1 tsp vanilla
  • 1 cup Chai tea milk

Cream Cheese Frosting:

  • 8 oz cream cheese full fat, room temperature
  • 1 1/4 cups unsalted butter room temperature
  • 4 cups powdered sugar
  • 1 tsp vanilla

Assembly (optional):

  • cape gooseberries
  • whole allspice
  • whole star anise
  • whole cloves
  • whole green cardamom pods
US Customary - Metric

INSTRUCTIONS

Chai Tea Milk:

  1. Bring milk and tea to a boil in a small pot over med-high heat. Turn heat off and steep for 10mins. Strain and measure out 1 cup. Top up with milk if needed.

Chai Cake:

  1. Preheat oven to 350F. Grease and flour three 6" cake rounds and line with parchment.
  2. In a medium bowl, whisk flour, baking powder, spices, and salt until well combined. Set aside.
  3. Using a stand mixer fitted with a paddle attachment, cream butter and sugars on med-high until pale and fluffy (approx 3mins).
  4. Reduce speed and add eggs one at a time fully incorporating after each addition. Add vanilla.
  5. Alternate adding flour mixture and Chai milk, beginning and ending with flour (3 additions of flour and 2 of milk). Fully incorporating after each addition.
  6. Bake for 35-40mins or until a toothpick inserted into the center comes out mostly clean.
  7. Place cakes on wire rack to cool for 10mins then turn out onto wire rack. Allow to cool completely.

Cream Cheese Frosting:

  1. Beat butter and cream cheese until fluffy (2 mins). Add powdered sugar one cup at a time. Add vanilla and beat until fluffy (3 mins).

Assembly:

  1. Place one layer of cake on a cake stand or serving plate. Top with 2/3 cup of frosting and spread evenly. Repeat with remaining layers and apply a thin coat of frosting all over the cake. Chill for 20mins.
  2. Use the remaining frosting to frost the cake and do a rustic swirl on the sides and top with a large offset spatula if desired.
  3. Decorate top with whole spices and gooseberries if desired. 
more recipes @ livforcake.com

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