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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!

VEGAN CREAM CHEESE FROSTING (NUT & SOY-FREE!)

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This dairy-free cream cheese frosting is almost too good to be true. It’s ultra-creamy and tastes remarkably similar to cream cheese frosting, without using nuts or tofu.
This recipe makes a little over 2 cups of frosting, and would nicely cover a sheet cake baked in a 9-inch by 13-inch pan. I used it over a 9-inch square pan in these photos with plenty of icing leftover. I hope you’ll enjoy it!

Because this recipe doesn’t call for powdered sugar, it’s not as thick or grainy as a traditional frosting. Instead, it’s silky smooth and a lot “lighter” in texture.

It’s sweetened with pure maple syrup and gets it’s signature tangy flavor from a combination of freshly squeezed lemon juice and apple cider vinegar. I find that this acid combination tastes more like “cream cheese” than if you were to just use one or the other alone.

Ingredients
  • 1 large Hannah sweet potato (white flesh)
  • 1/2 cup maple syrup (at room temperature)
  • 6 tablespoons coconut oil (melted)
  • 2-4 tablespoons water
  • 1 teaspoon fresh lemon juice
  • 1 teaspoon apple cider vinegar
  • 1/8 teaspoon salt

Instructions
  1. To prepare the sweet potato, peel and cut it into 1-inch chunks. In a pot fitted with a steamer basket, bring 1-inch of water to a boil and steam the potato chunks until fork-tender, about 10-15 minutes. 
  2. Transfer the steamed potato chunks into a 1-cup measuring cup and mash them with a fork to tightly pack the cup all the way to the top. (Reserve any remaining sweet potato for a future smoothie or salad topper.)
  3. Transfer the mashed sweet potato to a blender, and add in the maple syrup, coconut oil, 2 tablespoons of water, lemon juice, apple cider vinegar, and salt. Blend until silky smooth.
  4. If the mixture isn't blending well, add more water 1-2 tablespoons at a time until very smooth. Be careful not to add too much water or the frosting will be too runny. Once smooth, transfer the frosting to an airtight container to store in the fridge. 
  5. This frosting will thicken overnight and can be spread over your favorite cakes, bars, or cookies. Be sure to keep the frosting refrigerated for best texture, though it can sit out at room temperature for several hours for serving. It should last up to a week when stored in the fridge. 
Recipe Notes:
If you don’t care for coconut oil, you can reduce the amount used to 4 tablespoons and increase the water by 2 tablespoons for a slightly thinner/runnier frosting. I use unrefined coconut oil, which does leave a hint of coconut flavor, but you can use refined coconut oil for less coconut flavor. (I’m sure vegan butter would work here, too, but I haven’t tested that myself.) If replacing the coconut oil, you must use another fat that is solid at room temperature so that the frosting will thicken up.
If you can’t find white sweet potatoes, another variety will probably work, the color just won’t be the same. (Purple sweet potatoes would be fun for a naturally-colored frosting, too!)
Feel free to use another liquid sweetener in this recipe. Keep in mind that honey is not vegan, and is sweeter than maple syrup, so you might need to use slightly less than this recipe calls for.
If you’d like a more tangy frosting flavor, feel free to add more lemon juice or vinegar, just 1/2 teaspoon at a time until the flavor is to your liking.
As always, if you make any modifications to this recipe please leave a comment below letting us know what you tried so we can all benefit from your experience.


Recipe Source;detoxinista.com

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