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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!

DUTCH BABY PANCAKE

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Dutch Baby Pancakes Are A Super Simple, Fun, And Delicious Breakfast That The Whole Family Will Love. Similar To German Pancakes (But Made In A Rounded Skillet), These Dutch Babies Are Simple And Can Be Topped With Powdered Sugar, Syrup, Berries, Jam.
Dutch Baby

What is a Dutch Baby?

Dutch Baby Pancakes are one of my absolute favorite breakfasts. My mom would make this all the time when I was little and then when I was a teenager, my brother and I would make it for ourselves on the weekends. But, what are they exactly?
A Dutch baby pancake, sometimes called a German pancake, a Bismarck, or a Dutch puff, is an American baked pancake that can be served for breakfast, brunch, lunch or dessert. It is derived from the German Pfannkuchen.
So, are they really that different from German Pancakes? Other than these Dutch Babies using a little more butter, the real difference between the two is how they’re made. Dutch Baby Pancakes are usually made in a dutch baby pan or skillet with rounded edges. German Pancakes are typically made in a baking pan or casserole dish. Also, if fruit is involved, most people put the fruit on top of their Dutch Babies while baking it IN their German pancakes. ðŸ˜‰
Dutch Baby Pancake

How to make Dutch Baby Pancakes:

These are seriously the easiest pancake to make. It has few ingredients and since it bakes in the oven you only have like a .001% chance of burning it. When it comes to regular pancakes, I almost always burn one or two.
You’ll start out by preheating your oven to 425 degrees F. That seems high but you need it that high to make that baby grow. Watching the Pancake rise in the oven was and even still is so fun and exciting to see.
Dutch Baby Recipe
Next, whip up the batter. This is almost as easy as mixing Bisquick and water together! The batter is just 4 simple ingredients– flour, milk, eggs, and salt. Some recipe say to mix it all in a blender but I just hate cleaning my blender so I always just use a bowl and whisk. To make sure your get all the flour lumps out, slowly add the milk into the flour while whisking. If you have a few lumps, no biggie. Then just whisk in the eggs and salt and you’re done! Easy peasy!
While you’re still waiting for the oven to come to temperature, place the butter in your skillet (cast iron works beautifully) and let it melt over medium-low heat. You don’t want it to brown, so keep and eye on it and once it’s almost melted, take it off the heat, add in the batter and pop that baby in the oven to do its magic.
Meanwhile, you can prep the toppings. You can go as simple as just syrup or powdered sugar (or both!), or slice up some fresh berries, set out some homemade Raspberry Peach Freezer Jam, or whip up some delicious Buttermilk Syrup (my favorite!).
Dutch Baby Pancake Recipe

Can I make Substitutions:

Unfortunately this recipe doesn’t work great for making substitutions. There are only 3 ingredients (four if you count salt) and all are things I’m sure you always have on hand. The eggs are what make this pancake rise up so substituting the eggs totally changes the look and texture. I’ve tried whole wheat flour to try to be a little healthier but that caused the pancake to not rise up much. As for the milk, I’ve only tried making these with 1% and 2% milk because that is what we drink. I don’t buy milk substitutes but if you do, give it a try and let me know how it works.
Make these this weekend! I’m sure your family will love them and be begging for more. Enjoy!
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Dutch Baby Pancake Recipe

Dutch Baby Pancakes are a super simple, fun, and delicious breakfast that the whole family will love. Similar to German Pancakes (but made in a rounded skillet), these dutch babies are simple and can be topped with powdered sugar, syrup, berries, jam.
Course Breakfast
Cuisine German
Keyword Dutch Baby
Prep Time 10 minutes
Cook Time 20 minutes
Total Time 30 minutes
Servings 4
Calories 224 kcal
Author Melanie Dueck

INGREDIENTS

  • 1/2 cup all-purpose flour
  • 1/2 cup milk 1% or 2%
  • 3 large eggs
  • 1/8 teaspoon salt
  • 1/4 cup butter

For the Toppings:

  • powdered sugar
  • fresh berries
  • syrup

INSTRUCTIONS

  1. Preheat oven to 425 degrees F.
  2. Place flour in a medium mixing bowl. Whisk in the milk a little at a time until smooth. Whisk in the eggs and salt. Set aside.
  3. Melt butter in a 10 inch oven proof skillet over medium-low heat. Once melted, remove from heat, pour in the batter, and place pan in the oven for 15 minutes until pancake is puffed and golden. Lower oven temperature to 300 degrees F and cook 5 more minutes. Remove from oven, slice, and serve topped with berries, powdered sugar, and syrup.
Nutrition Facts
Dutch Baby Pancake Recipe
Amount Per Serving
Calories 224Calories from Fat 135
% Daily Value*
Total Fat 15g23%
Saturated Fat 8g40%
Cholesterol 156mg52%
Sodium 234mg10%
Potassium 102mg3%
Total Carbohydrates 13g4%
Sugars 1g
Protein 6g12%
Vitamin A11.6%
Calcium5.6%
Iron7.2%
* Percent Daily Values are based on a 2000 calorie diet.
Dutch Baby Pancakes
more recipes @ https://lilluna.com

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