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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!

SKY HIGH MARSHMALLOW BROWNIES

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You will love these marshmallow brownies. There’s no question about it. How could you not love a gluten free dessert that combines two of the best things ever – a fudgy, dense, chocolatey brownie and the fluffiest marshmallow meringue frosting you could possibly imagine. And there’s also a video; so you can feast your eyes on pure melted chocolate sinfulness.

That’s a very strange opening line, but bear with me. I don’t trust marshmallows because they are too squidgy, sweet and spongy to do anything good for me. I know they are an occasional treat, but I always feel their white fluffiness hides an ingredients list I really don’t want to know about.


I haven’t gotten around making my own marshmallows yet, but this wonderful marshmallow meringue frosting is definitely the next best thing. It might even be a tiny bit better (I’ll have to get back to you on that).

Sky High Marshmallow Brownies (Gluten Free, Dairy Free Option)
You will love these marshmallow brownies. There’s no question about it. How could you not love a gluten free dessert that combines two of the best things ever – a fudgy, dense, chocolatey brownie and the fluffiest marshmallow meringue frosting you could possibly imagine. And there’s also a video; so you can feast your eyes on pure melted chocolate sinfulness.


Ingredients
For gluten free brownies:
  • 7 oz (200 g) 70% dark chocolate (dairy free chocolate for dairy free version)
  • 4/5 stick (90 g) unsalted butter (or 1/4 cup / 60 g coconut oil for dairy free version)
  • 1/2 cup (100 g) caster sugar
  • 3/8 cup (30 g) cocoa powder
  • 3 medium eggs room temperature
  • 1 tsp vanilla extract
  • pinch of salt
  • 1/2 tbsp instant coffee in 1/2 cup boiling hot water
  • 1 cup (125 g) gluten free flour
  • 1/4 tsp xanthan gum
For marshmallow meringue frosting:
  • 4 medium egg whites
  • 3/4 cup (150 g) caster sugar
  • 1/4 tsp cream of tartar
  • 1 tsp vanilla extract
  • You will also need:
  • 8 x 8 inch square baking pan at least 2 1/2 inch deep
  • baking thermometer
  • melted dark chocolate for drizzling (optional)
Instructions
For gluten free brownies:
  1. Pre-heat the oven to 350 ºF (175 ºC) and line an 8 x 8 inch baking pan with greaseproof/baking paper.
  2. In a bowl above simmering water, melt together the dark chocolate and butter.
  3. Once melted, allow to cool until warm.
  4. Add caster sugar, cocoa powder, eggs, vanilla extract and salt to the melted chocolate-butter mixture and mix until everything is evenly incorporated.
  5. Add the hot coffee and mix well.
  6. Sift together the gluten free flour and xanthan gum, and add them to the brownie batter.
  7. Mix until everything is evenly incorporated and no flour clumps remain.
  8. Transfer to the line baking tray and smooth out the top.
  9. Bake in the pre-heated oven at 350 ºF (175 ºC) for about 20 minutes or until an inserted toothpick still comes out slightly dirty.
For marshmallow meringue.
  1. Mix all the marshmallow meringue ingredients in a heat-proof bowl, and set the bowl above a pot of simmering water.
  2. Heat the meringue mixture with constant stirring until it reaches 140 ºF (60 ºC) and the sugar has melted.
  3. Transfer the heated meringue mixture into a stand mixer (or use a hand mixer) and whisk the mixture for 5 - 7 minutes, until it reaches room temperature and forms glossy peaks. Do not over-whisk as you can lose some of the fluffiness.
  4. Pile the marshmallow meringue on top of the brownies (still in the baking pan) and using a spoon or spatula, create peaks on top.
  5. Place the marshmallow-covered brownies under the grill for no more than 5 - 10 seconds until they are nicely toasted. Really keep an eye on them, as they catch quickly! (You can also use a kitchen blowtorch).
  6. Allow the marshmallow brownies to cool slightly, cut into pieces, drizzle with melted chocolate (optional), and enjoy!
  7. Storage:
  8. The marshmallow brownies keep well in a closed container in a cool dry space for 3 -4 days (hah, good luck with that).

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