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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!

Chocolate Brownie Pudding Cake

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Ultra rich, extremely decadent and super chocolaty, this Chocolate Brownie Pudding Cake is one for the books!

So as dumb as this sounds, I didn’t realize how much stuff I have to pack for this whole moving-out business.


I have SO much crap.

I’ve been selling a lot of things on eBay and whatnot, and donating a ton of stuff, too. And there’s STILL a ton of crap!

Granted, I have a lot of food props – cake stands, miniature plates, an assortment of tarnished forks, and the like – ALL of which need to be bubble wrapped.

And who knew bubble wrap was so dang expensive!? Clearly I was ill-prepared for this whole moving business.

In between throwing old socks out and carefully wrapping cake stands, I’ve been stuffing my face copiously with this Chocolate Brownie Pudding Cake. I know you guys are probably on diets with the whole New Year’s resolution business, and I respect that. That’s why this cake is just under 200 calories a slice. YOU ARE WELCOME.

But those of us who aren’t on diets, you will not be able to tell that this cake is somewhat diet-friendly. I promise you. There’s no dry, crumbly cake in sight and there’s certainly no fakeness, either. It’s all real-deal ingredients, ready for consumption and a lot of moaning at how delicious it is. What can I say? I aim to please.

So this cake recipe was inspired by a new cookbook I picked up recently called Incredibly Decadent Desserts by Deb Wise. It’s from the makers of Cooking Light Magazine, and normally I’m not a big diet person, but the cover (of what appears to be a thick slice of a s’mores concoction) won me over. And once I saw this recipe, the rest was history!


This cake is a cross between a brownie, a regular cake, and a molten lava cake in one decadent treat. It has the crackly top that everyone loves from brownies, a fluffy and moist cake texture, and the molten lava sauce built in. It’s truly a one-stop shop kinda dessert. (You’re doubly welcome).

And like I said, one piece (the pan yields about 9 pieces or so) clocks in at just about 200 calories, plus 1 Tablespoon of the sauce. Of course, you may want to add low-fat ice cream or froyo on top, but who am I to tell you how to live your life?

Now if you’ll excuse me, I’m off to bubble wrap ALLTHETHINGS and eat ALLTHECAKE.

This Chocolate Brownie Pudding Cake is a cross between a brownie, a chocolate cake, and a molten lava cake in ONE decadent dessert!

Ingredients

  • 1 cup all-purpose flour
  • ¾ cup granulated sugar, divided
  • ½ cup cocoa powder, divided
  • 2 tsp baking powder
  • ¼ tsp salt
  • ½ cup skim milk
  • 3 Tbsp canola or vegetable oil
  • 1 tsp vanilla extract
  • ¼ cup brown sugar
  • 1 & ¼ cups strong HOT black coffee
  • Additional chocolate sauce, vanilla low-fat ice cream or vanilla fro-yo, optional

Instructions
  1. Preheat oven to 350 degrees F. Liberally grease an 8" or 9" square baking pan with cooking spray. Set aside.
  2. Whisk together the flour, ½ cup of the granulated sugar, ¼ cup of the cocoa powder, baking powder, and salt in a bowl until combined. Add in the milk, oil, and vanilla, stirring until just combined.
  3. Scrape the batter into the prepared pan and smooth out the top. Batter will be very thick. Meanwhile, combine the remaining ¼ cup granulated sugar, ¼ cup cocoa powder and the brown sugar together in a small bowl until combined. Sprinkle this mixture liberally over the cake batter, covering it completely. It seems like a lot, but use it all! Then generously pour the hot strong black coffee over the top.
  4. Carefully bake for 23-28 minutes or until the top appears set and the edges are bubbly. Cool for about 10 minutes before cutting into slices to serve, making sure you spoon the sauce (on the bottom) over the top!

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