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!

OLD FASHIONED CINNAMON SUGAR BAKED CAKE DONUTS

These Old Fashioned Cinnamon Sugar Baked Cake Donuts are baked, not fried, and they’re much lower in sugar and fat than a traditional cake donut, making them the perfect no-guilt treat! They’re easy to make and they taste just like traditional, old fashioned cinnamon sugar donuts!


Eating a healthy diet usually means you don’t eat a lot of donuts. And rightly so…they contain very few healthy ingredients and they’re really just a treat, but if you’re a donut lover it can be hard to give them up completely. The good news is, there’s a way to make them just a little bit less terrible for you without sacrificing any deliciousness!

These Old Fashioned Cinnamon Sugar Baked Cake Donuts are great to serve to a crowd, at a breakfast meeting, or just to have as a snack if you’re craving something sweet. And you’d never know they weren’t fried in oil. They’re so delicious and they even have the quintessential white ring around the outside that gives them an authentic old fashioned look!

OLD FASHIONED BAKED CAKE DONUTS RECIPE
These donuts are great to serve to a crowd, at a breakfast meeting, or just to have as a snack if you’re craving something sweet. And you’d never know they weren’t fried in oil. They’re so delicious and they even have the quintessential white ring around the outside that gives them an authentic old fashioned look!



Ingredients

  • 2 cups all purpose flour
  • 3/4 cup white sugar
  • 2 tsp baking powder
  • 1/2 tsp ground cinnamon
  • 1/2 tsp ground nutmeg
  • 1 tsp sea salt
  • 3/4 cup low fat buttermilk
  • 2 eggs
  • 2 tbsp canola oil
  • canola oil baking spray to grease donut pan
  • donut baking pan
  • large piping bag fitted with a large round tip

For Dipping

  • 1/2 cup sugar
  • 2 tsp cinnamon


Instructions

  1. Preheat your oven to 425 degrees Fahrenheit and grease a donut pan with some oil spray.
  2. Add the flour, sugar, baking powder, nutmeg, cinnamon and sea salt to a large bowl and whisk them together until they’re combined.
  3. In a separate bowl or a large liquid measuring cup combine the buttermilk, eggs, and oil, whisking them together with a fork.
  4. Dump the wet ingredients into the dry ingredients. Using a rubber spatula, fold the wet ingredients into the dry ingredients until a batter begins to form and the flour begins to disappear.
  5. Be careful not to over-mix as this will make the donuts tough and dry. Stop mixing as soon as the last streak of flour disappears and spoon the batter into the piping bag fitted with a large round tip.
  6. Pipe a small amount of batter into each of the 12 greased donut cups in a circular motion and be careful not to over-fill. This batter rises up quite a lot so filling the cups only half-way works perfectly.
  7. Bake the donuts at 425 degrees Fahrenheit for about 7-9 minutes. This recipe makes 24 donuts so you’ll have to repeat this process again a second time unless you have two donut pans.
  8. As soon as the donuts have browned slightly on the tops and they spring back to the touch, remove them from the oven and tip them out of their tins. Mix the remaining 1/2 cup sugar and 2 tsp cinnamon together in a bowl and as soon as you’re able to handle the donuts without burning your hands, dip each side into the cinnamon sugar mixture and set them on a cooling rack to cool completely.


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