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 Challah



Oh, my.  Has it really been a month since my last post?  Yikes!  Let me also apologize for my negligence responding to your questions in the comment section of the blog.  If you have an outstanding question on an old post, just fire me an email (see the sidebar on the right).

Today's post is this delicious vegan challah.  I've never had non-vegan challah, so I am blissfully unaware if this measures up to its egg-filled counterpart.  I do know, though, that this is a remarkably tender and delicious (and beautiful) loaf.  According to my Jewish friend, the recipient of one of the loaves, "you'd never know there were no eggs in this!"  Basically, the eggs in challah work to enrich the dough.  The yeast and flour provide rise and structure, so replacing the eggs is not a big deal.  I went with Tofutti cream cheese, because that is what I had on hand, but you could also use soy yogurt or whizzed silken tofu.  As per usual, this is a veganized Peter Reinhart recipe.  Just a word of warning: this makes 2 substantial loaves.  Cut in half if you don't have the fridge space for a huge bowl of dough (or if you don't want that much challah).  You don't have to refrigerate it, of course, but it makes for a much tastier dough and makes the dough easier to work with. 

INGREDIENTS
- 18 oz (510g/2.25 cups) lukewarm water
- 1.5 tbsp instant yeast
- 2 tbsp ground flax seed
- 2 oz (56.5g/1/4 cup) warm water
- 1/8 tsp turmeric
- 4 oz (113g/1/2 cup) vegan cream cheese, or soy yogurt, or whizzed silken tofu
- 2.5 oz (71g/5 tbsp) oil
- 3 oz (85g/6 tbsp) sugar
- 1 tbsp vanilla extract
- 34 oz (964g/7.5 cups) white bread flour
- 2.5 tsp salt
- plain soy milk, for brushing
- poppy and sesame seeds, for garnish

METHOD
1. Pour water into a mixing bowl, then sprinkle yeast over top.  Whisk to dissolve. 
2. Whisk the flax seed, the 1/2 cup of water, and turmeric in a medium separate bowl.  Let sit for a few mins to thicken, then whisk again. Add cream cheese (or whatever you are using) and whisk until smooth.  Then add oil and whisk until smooth.
3. Add flax mixture to the yeast/water mixture.  Add sugar, extract, flour, and salt then bring together into a rough dough.  Let sit for 5 mins to let the flour absorb the liquid.
4. Mix with a dough hook on med-lo speed for 4 minutes, or with by hand with a large, wet, spoon.  Transfer to a floured surface and knead for 1 to 2 mins, until you get a very soft and tacky (but not sticky) dough.  Add flour sparingly as needed.  Place dough into a very large, oiled bowl, cover, and refrigerate overnight.  The dough will keep for up to 4 days in the fridge and will rise like crazy.
5. On baking day, remove the dough from the fridge and immediately divide into 10 equal pieces on a lightly floured surface (i.e. 5 pieces for each loaf).  Roll each piece into a 14 inch rope with tapered ends.  Braid 5 ropes into a loaf, as per this video.  Repeat with remaining 5 ropes.
6.  Place loaves on a baking tray (or two smaller trays if they can both fit on one shelf in your oven) lined with parchment.  Brush loaves with soy milk (I actually mist them with a spray bottle filled with soy milk).  Let sit for 2 mins, then brush again.  Top with seeds.  Let sit, uncovered, for 1 hour (or until risen about 1.5 times in size).
7. Meanwhile, preheat oven to 350 degrees.  When loaves have risen, bake on the middle shelf for 20 mins.  Rotate the pan, then bake for another 15-20 mins (or until loaves are golden brown and register at least 190 degrees in the middle.
8.  Cool on a wire rack for 45 mins before slicing.  Enjoy!




more recipes @ vegandad.blogspot.com

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