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!

Mango Panna Cotta Coconut Cheesecake

THIS MANGO PANNA COTTA COCONUT CHEESECAKE IS 3 DREAMY LAYERS OF TROPICAL DESSERT. CREAMY MANGO PANNA COTTA AND CREAMY NOBAKE CHEESECAKE OF COCONUT AND LIME.



How are you loving the tropical flavours this last month or so? I’m going through a phase I think. Sure, sure it could be the fact that it’s Summer here in Australia right now and humid too, ugh! Yeah, that’s probably it. To see a summary of the tropical inspired desserts here on Sugar Salt Magic, you’ll find links just below the last photo in this post (just before the recipe).
 Well to add to that Tropical recipe collection, I have this glorious cheesecake aka Mango Panna Cotta Coconut Cheesecake. I’m piling in the flavours here but they all just work so well together.


The mango element is actually not cheesecake at all, but a mango panna cotta. Panna Cotta has become one of my favourite simple desserts. It’s elegant and light but also feels indulgent. The most important part though is how insanely quick you can make panna cotta. (See Vanilla Panna Cotta with Orange Syrup, Vanilla Chai Panna Cotta or Boozy Eggnog Panna Cotta for more). This Mango Panna Cotta is no different. It’s light, ethereal and totally smooth. It’s bursting with both the vibrant colour and flavour of sweet ripe mango and would be a perfect treat all on it’s own.



I had to play around with the coconut Cheesecake layer a bit to really get a strong coconut flavour. Cream cheese can be a very dominating flavour. In a cheesecake, you definitely want that cream cheese flavour but I found, like a lot of flavours, the coconut got lost in my first iterations of this cheesecake. I solved the problem, don’t worry. I wanted both cream cheese and coconut to shine here to truly call it a coconut cheesecake. It’s important here to use whole coconut cream (not coconut milk and not the light versions). I will often use light versions in my recipes but as you are serving this cheesecake cold you really need the full fat version to give it an oomph of flavour.




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Mango Panna Cotta Coconut Cheesecake

This Mango Panna Cotta Coconut Cheesecake is 3 dreamy layers of tropical dessert. Creamy Mango Panna Cotta and creamy nobake cheesecake of coconut and lime.
This recipe requires setting time of around 3 hours total. Make sure to plan ahead.
 Servings 12 serves
 Author Marie

Ingredients

For the base

  • 150 g sweet biscuit crumbs
  • 1/3 cup finely desiccated coconut
  • 113 g 1 stick / 1/2 cup unsalted butter, melted

Coconut Cheesecake

  • 500 g cream cheese, softened
  • 1/2 cup 100g caster (superfine) sugar
  • 2 cups coconut cream
  • Zest of 1 lime
  • 2 tablespoons lime juice
  • 1/3 cup boiling water
  • 6 teaspoons powdered gelatine

For the Mango Panna Cotta

  • 1 cup mango purée (notes)
  • 1 cup water
  • 3 teaspoons powdered gelatine
  • 1/4 cup sugar
  • 1 cup cream
  • 1 teaspoon vanilla
  • Pinch of salt

Toppings

  • 1 mango, peeled and thinly sliced
  • Toasted coconut chips
  • 1 teaspoon lime zest

Instructions

For the Coconut Cookie Base

  1. Line a large loaf tin with baking paper (see tips in notes)
  2. Mix together the biscuit crumbs, coconut and butter until well combined. Press evenly and firmly into the base of the prepared tin then place in the fridge to set.

For the Coconut Cheesecake

  1. Beat the cream cheese and sugar together until smooth and creamy.
  2. Add the coconut cream, lime juice and zest and beat on low until smooth and well combined.
  3. Place the boiling water in a separate bowl and sprinkle the gelatine over the top. Stir until the gelatine has dissolved.
  4. Pour the gelatine mixture through a strainer into the cream cheese mixture then beat well until thoroughly combined and smooth.
  5. Pour the mixture over the base and allow it to set in the fridge for at least 1 hour.

For the mango Panna Cotta

  1. Pour the mango puree and the water into a saucepan and sprinkle the gelatine over the top. Allow it to "bloom" for 5 minutes (it should look a bit wrinkly by the end). Turn the heat on low under the saucepan and stir for a minute or two until the gelatine has dissolved.
  2. Add the sugar and stir again until dissolved. This should only take another minute or two. Don't let the mixture get too hot or to come to a simmer. It should only be just warm.
  3. Take the saucepan off the heat. Pour in the cream, vanilla and salt and mix until thoroughly combined.
  4. Pour the mango panna cotta over the nearly set cheesecake and allow to set in the fridge for at least 2 hours before serving
  5. Top your dessert with sliced mango and coconut chips right before serving.

Recipe Notes

  1. I use a standard Australian 20ml tablespoon (4 teaspooons worldwide)
  2. Lining the loaf tin with baking paper will help you to remove the dessert when it’s ready. Simply cut off a sheet as long as the flat bottom of the pan and lay it in so that it covers the two long sides and the bottom of the pan. Then cut off two smaller pieces and lay them at each end, also so they come all the way up the sides.
  3. I used one large mango to make enough puree but make sure to measure it out so you’re only using 1 cup of puree in the panna cotta.
  4. This recipe requires setting time of around 3 hours total. Make sure to plan ahead.
This Mango Panna Cotta Coconut Cheesecake is 3 dreamy layers of tropical dessert. Creamy Mango Panna Cotta and creamy nobake cheesecake of coconut and lime #sugarsaltmagic .#pannacotta #coconutcheesecake #cheesecake #nobakecheesecake #mangocheesecake

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