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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!

Paleo Chocolate Avocado Cake with Coconut Flour

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Paleo Chocolate Avocado Cake with Coconut Flour

This Paleo Chocolate Avocado Cake with Coconut Flour is SO fluffy and moist you'll never believe it's butter and oil free! The BEST healthy chocolate cake!

The Best Paleo Chocolate Avocado Cake with Coconut Flour - This dairy and gluten free Chocolate cake is SO fluffy and moist you'll never believe it's butter/oil free and made with avocado! The BEST healthy chocolate cake you will ever have! | #Foodfaithfitness | #Paleo #Grainfree #Dairyfree #Healthy #cake

Ingredients

For the cake:

  • 1 1/2 Cups VERY ripe avocado, mashed (360g)
  • 3/4 Cup Full fat coconut milk
  • 1 1/2 Cups Coconut sugar
  • 9 Eggs, separated (at room temperature)
  • 1 1/2 Tbsp Vanilla
  • 1 Cup + 2 Tbsp Coconut flour, sifted (99g) *
  • 1 Cup + 2 Tbsp Tapioca starch (135g)
  • 3/4 Cup Cocoa powder (make sure its not lumpy)
  • 1 1/2 tsp Baking soda
  • 1 1/2 tsp Salt
  • 6 Oz Enjoy Life Foods Semi-Sweet Mega Chunks, Finely chopped

For the ganache: **


  • 1 1/2 Cups Full-fat coconut milk
  • 3 Tbsp Honey
  • 12 Oz Enjoy Life Foods Dark Chocolate Morsels

The Best Paleo Avocado Chocolate Cake - This dairy and gluten free Chocolate cake is SO fluffy and moist you'll never believe it's butter/oil free and made with avocado! The BEST healthy chocolate cake you will ever have! | #Foodfaithfitness | #Paleo #Grainfree #Dairyfree #Healthy #cake

Instructions

  1. Preheat your oven to 350 degrees and line 3 9-inch cake pans with parchment paper on the bottom, rubbing the sides generously with coconut oil.
  2. Place the avocado and coconut milk into a food processor (I used a small, 3-cup one) and blend until VERY smooth.  Place into a large bowl.
  3. Add in the coconut sugar, egg yolks (make sure the whites are in a separate bowl) and vanilla and beat, using an electric hand mixer, until well combined.
  4. In a separate bowl, whisk together the coconut flour, tapioca starch, cocoa powder, baking soda and salt.  Add it into the wet ingredients and blend on low speed until combined. Fold in the chopped chocolate.
  5. Clean the beaters off VERY well and beat the egg whites until they form stiff peaks, about 5-6 minutes. Fold them into the batter a little bit at a time, very gently.  You want no white streaks to remain.
  6. Divide the batter evenly between the prepared pans and bake until a toothpick inserted in the center comes out clean, about 25-30 minutes. Let cool COMPLETELY before frosting.

The Best Paleo Chocolate Avocado Cake - This dairy and gluten free Chocolate cake is SO fluffy and moist you'll never believe it's butter/oil free and made with avocado! The BEST healthy chocolate cake you will ever have! | #Foodfaithfitness | #Paleo #Grainfree #Dairyfree #Healthy #cake

To make the frosting:


  1. While the cake bakes, pour the coconut milk and honey in a large pot and set it on medium heat. When the milk looks like it is JUST about to boil (do not let it boil) remove from the heat and add in chocolate morsels. Let stand for 30 seconds, without stirring the chocolate.
  2. After 30 seconds are up, gently whisk the chocolate into the milk until it's smooth and well combined.  Pour into a bowl, cover the top with saran (allowing the saran to stick right to the chocolate so it doesn't develop a skin in the refrigerator) refrigerate until it's cool to the touch, but still a little bit liquid - about 1-2 hours.
  3. Once the frosting is cooled, use an electric hand mixer to whip it until it just begins to lighten in color and just holds its shape - only 30 seconds or so. It thickens up quickly! If it thickens too much, you can always pop it in the microwave for a few seconds.

The Best Paleo Chocolate Avocado Cake with Coconut Flour - This dairy and gluten free Chocolate avocado cake recipe is SO fluffy and moist you'll never believe it's butter/oil free and made with avocado! The BEST healthy chocolate cake you will ever have! | #Foodfaithfitness | #Paleo #Grainfree #Dairyfree #Healthy #cake

To assemble:


  1. Place your cake bottom-side up on a pedestal. Spread a lightly heaping 1/2 cup of the ganache on top and repeat with a second layer (using an offset spatula will help A LOT!)
  2. Place the final layer on top and spread a thin coat of ganache all over the cake - this is the crumb coat. Refrigerate until the crumb coat feels set, about 30 minutes.
  3. Spread the remainder of the ganache all over the cake.
  4. Slice and DEVOUR!

Recipe Notes


* as with all GF baking, please weigh your flour to ensure results

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