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!

FRESH ORANGE CAKE

This Fresh Orange Cake is sweet, moist, and the perfect slice for the summer. It’s made with fresh orange juice and zest, topped with a light whipped cream.
This Fresh Orange Cake is sweet, moist, and the perfect slice for the summer. It's made with fresh orange juice and zest, topped with a light whipped cream. | EverydayMadeFresh.com
We are in our last week of July, and we are trying to soak up every last bit of summer possible. Our pool is finally clear; we’ve been battling that nightmare since the first of June, and we’re trying to enjoy it, in between storms. It’s the typical Florida afternoon thunderstorm thing.  Anyway. While we are stretching out our summer, as long as possible, I realized that since Kayla graduates Hospital Corpsman school in September, and then she is most likely coming home to visit before reporting to her duty station, we aren’t going to start school until after all of that…so we will be relishing in summertime until October! Thankfully living in Florida, we will have summer weather well into the month. I know that Kayla would love a day or three to just lay on the beach and relax. Something she hasn’t done much of since before Easter, when she enlisted.
This Fresh Orange Cake is sweet, moist, and the perfect slice for the summer. It's made with fresh orange juice and zest, topped with a light whipped cream. | EverydayMadeFresh.com
So while we’ve are beaming with summer on the mind, what better way to celebrate summer than with a citrusy dessert?! Growing up I remember my grandmother making this really delicious pineapple cake, that I always begged her to make when we came to visit. Since we lived out of state, 9 times out of 10, she’d make it! It’s amazingly delicious, and I swear I’m going to share it with you one day! I just don’t make it, since Kelsie is allergic to pineapple, but I’m gonna put it on the calendar asap and make it before summer is gone. That pineapple cake is where the idea came to me for this Fresh Orange Cake.
This Fresh Orange Cake is sweet, moist, and the perfect slice for the summer. It's made with fresh orange juice and zest, topped with a light whipped cream. | EverydayMadeFresh.com
It’s so easy to make, and totally delicious. It’s not layered, so you don’t have to try hard to decorate it. It’s topped with a homemade whipped cream, but you can buy it from the store, if you totally want. It’s just a really easy cake that’s bursting with orange flavor! You could totally do this with other fruits, I just chose orange for this one.
This Fresh Orange Cake is sweet, moist, and the perfect slice for the summer. It's made with fresh orange juice and zest, topped with a light whipped cream. | EverydayMadeFresh.com
This Fresh Orange Cake is sweet, moist, and the perfect slice for the summer. It's made with fresh orange juice and zest, topped with a light whipped cream. | EverydayMadeFresh.com

FRESH ORANGE CAKE

INSTRUCTIONSINGREDIENTS

Yield: 12 slices

CAKE

  • 2 eggs
  • 1 tbsp vanilla extract
  • 1/2 cup canola oil
  • 1 cup milk
  • 1 tsp salt
  • 3 tsp baking powder
  • 2 cups sugar
  • 2 1/2 cups flour
  • zest from one orange
  • 1/4 cup orange juice

ORANGE LAYER

  • 3 oz package orange JELLO powder
  • 1 1/4 cup boiling water
  • 3/4 cup sweetened condensed milk

WHIPPED TOPPING

  • 1 cup heavy whipping cream
  • 3 tablespoons powdered sugar
  • 2 teaspoons vanilla extract
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  1. Preheat oven to 350 degrees. Grease and flour a 9X13 inch baking pan. Set aside.
  2. Whisk together the flour, sugar, baking powder, and salt in a large bowl. Set aside.
  3. In a small bowl whisk together the milk, oil, vanilla, eggs, zest, and orange juice together.
  4. Pour the wet ingredients into the dry, and stir to combine. Don't over mix! Pour the batter into the prepared pan, and bake for 24 to 28 minutes, or until a toothpick comes out clean.
  5. Remove the cake from the oven, and place on a cooling rack. While the cake is cooling, mix together the boiling water and JELLO. Stir for a full 2 minutes, to dissolve all the powder. Whisk in the condensed milk.
  6. Using a skewer, post holes all over the top of the cake. (we don't want poke cake holes)
  7. Pour the orange mixture over the top of the cake, and allow to completely cool on the cooling rack.
  8. When the cake is totally cool - Pour the heavy whipping cream in a large bowl attached to a stand mixer. Turn on medium, and beat for 2 minutes, add the powdered sugar and vanilla extract. Beat until stiff peaks form. Top the cake. Garnish with fresh orange slices.

NOTES

This cake is best served cold and eaten within a few days.
This Fresh Orange Cake is sweet, moist, and the perfect slice for the summer. It's made with fresh orange juice and zest, topped with a light whipped cream. | EverydayMadeFresh.com
more recipes @ www.everydaymadefresh.com

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