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!

BLUEBERRY PEACH CROSTATA

This easy summer dessert recipe combines peaches and blueberries in a simple Italian style free-form tart, like a galette! It’s an easier alternative to pie and perfect with a scoop of vanilla ice cream.

I use only cinnamon and vanilla to flavor the filling. There’s something about the subtle aroma of cinnamon that, when used in the right quantity, is able to enhance the flavor of the fruit without overwhelming. I’ve tried other warm spices in the past: allspice, cardamom, star anise, ginger, orange, lemon, nutmeg and clove. Don’t be tempted. It’s too much. Let the blueberries and peaches shine. This is what they were made for.


BLUEBERRY PEACH CROSTATA RECIPE


FOR THE CRUST

  • 1 1/2 cups all purpose flour
  • 4 1/2 ounces COLD unsalted butter, cut into cubes
  • 1 tablespoon sugar
  • 1/2 teaspoon salt
  • 1 large egg
  • 2-3 tablespoons cold water

FOR THE FILLING

  • 1 lb ripe, but firm peaches (about 3 large)
  • 1 pint blueberries
  • pinch of salt
  • 1/4 cup vanilla sugar* OR 1/4 cup regular white sugar and 1 tsp vanilla extract
  • 1 teaspoon cinnamon
  • 1 tablespoon flour
  • 1 tablespoon butter
  • 1 egg, beaten with 2 teaspoons of water
  • 1 tablespoon sugar in the raw

INSTRUCTIONS

  1. To make the dough, start by mixing the flour, sugar and salt together in a bowl. Add the butter and use a pastry cutter or a fork to cut the butter into the flour. Do this for about two minutes, until the butter is broken into pea sized pieces.
  2. Whisk together the egg and two tablespoons of cold water, then pour it into the flour mixture. Use a fork to stir the mixture until it comes together, adding one to two additional tablespoons of water until it forms a ball. Do not knead the dough or mix any further. Wrap the ball in plastic and refrigerate for at least 30 minutes prior to rolling out.
  3. Bring a large pot of water up to a boil, prepare an ice bath, and score an X on the bottom of each peach. Drop the peaches into the boiling water for about 30 seconds, or until the skin begins to peel up from the cut ends. Remove from the water and immediately submerge into the ice bath. Once cool enough to handle, the skins should easily peel off. cut the peaches in half, remove the core, slice into 3/4 inch pieces and place in a bowl.
  4. Preheat the oven to 425 degrees. Add the blueberries to the bowl along with the salt, sugar, cinnamon and flour, then mix to combine. Roll out the dough to about a 12" circle and transfer to a parchment lined baking sheet. Pour the fruit mixture into the center leaving a 2-inch border around the outside. Gather and fold the dough up around the sides to enclose the filling.
  5. Dot the butter around the top of the filling. Brush the exposed dough with the egg wash, then sprinkle the raw sugar on top. Bake for about 25-30 minutes, or until the edges are golden brown and the filling is bubbling. Serve warm, ideally with whipped cream or vanilla ice cream.

NOTES
*I make vanilla sugar by storing old, used vanilla beans in a canister with granulated sugar. Over time, they give off their perfume and it gets absorbed by the sugar, creating a lightly vanilla infused sugar. I keep it on hand to stir into coffee or use in sweet recipes such as this. Regular can be substituted along with a teaspoon of vanilla extract, or leave the vanilla out altogether.
**To achieve a tender, flaky pie crust, the dough needs to stay cold at all times. Be sure to start with chilled ingredients and place the bowl in the freezer for a few minutes if it's starting to get too warm. Placing the prepared tart in the freezer for a few minutes before baking ensures that the crust will be super flaky.

Recipe Source : BLUEBERRY PEACH CROSTATA @ coleycooks

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