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!

BETTER THAN A BOYFRIEND BROWNIES

Better Than a Boyfriend Brownies by Modern Honey - www.modernhoney.com

Here it is… your foolproof, satisfy your chocolate cravings, ultimate chocolate chunk brownie recipe.
These “Better than a Boyfriend Brownies” are whipped up in one bowl and are so easy even kids can make them. I am pretty sure I could make these brownies in my sleep. I’ve tried more brownie recipes than I would like to admit but all of that practice has made me a brownie connoisseur of sorts, right?
This brownie recipe is rich, decadent, and fudgy. No dry cakey ones here! You may want to eat the entire pan – they are that good and it might just become your absolute family favorite.
Better than a Boyfriend Brownies by Modern Honey - www.modernhoney
The name – Better than a Boyfriend Brownies stems from where all good inspiration comes from – a breakup. I have a ridiculous memory. It can be a really good thing and a really bad thing, simultaneously. Here’s where the really good memory isn’t so great.
For some stupid reason (because teenagers generally don’t always make the most sound judgments), my friends and I thought it would be funny to toilet paper my first little boyfriend’s house. Since we couldn’t drive, we convinced my Mom to drive us to this unsuspecting boy’s house. We realized pretty fast that his yard was huge and we needed some help. So we ran to the car and grabbed the master toilet paperer – my Mother. We somehow convinced her that toilet papering at the age of 50 was completely normal.
All was going well and we were quite impressed with our TP skills…until we saw car lights rounding the corner into the cul-de-sac. There was nowhere to run so we squealed like little girls and hurdled into the bushes. Unfortunately for us, our hurdling skills weren’t the best and our covers were blown….by his parents! They got out of the car, walked over to the bushes and we slowly peaked our heads out in utter shame and embarrassment.  The real entertainment came when they discovered that my Mom was hiding with us!
I don’t think they were impressed. That little boyfriend – the giver of my first kiss completely broke my heart into smithereens when he broke up with me. Note to self: don’t toilet paper your boyfriend’s house. They usually have to clean it up and won’t like it.
I went home and did what any normal teenager would do…put on some really sad music, baked up a pan of brownies, ate every one of them and drowned my sorrows. Hence the name – Better than a Boyfriend Brownies.
If only, I would have applied my good memory to the periodic table in Chemistry.
Better than a Boyfriend Brownies by Modern Honey - www.modernhoney.com
I’ve had a lot of years to work on my brownie making skills. I am going to give you 5 tips to make sure those calories are worth it and to NOT screw up your brownies.
Better than a Boyfriend Brownies by Modern Honey - www.modernhoney.com
  1. Don’t overbake. Holy cow this is a big one. Ask my kids how crazy it makes me when I see the cooking times listed on a brownie mix or cake mix box and it’s so long that you’ll end up with hockey pucks! No wonder people think they are bad cooks when really we can just chalk it up to bad directions. Can we do that? Yes, we can. Anytime you are baking up a cookie, cake or brownie….watch those precious gems like a hawk. You want laser beam focus because a few minutes can be a difference maker.
Use a toothpick or even a cake tester (OXO makes a good inexpensive one HERE) to test the middle to make sure it’s not a goopy mess. You want it to come out with a soft crumb and not be dry as cardboard. No one likes to eat cardboard. Use light colored pans. The dark colored pans cook the bottoms of baked goods too quickly. Here are a few of my favorite pans — USA 9 x 13 inch pan and USA Square Cake Pan 9 inch.
  1. Cream butter + sugar for at least 3 minutes to ensure you don’t end up with grainy brownies. Creaming works wonders in baked goods as it helps to dissolve sugar crystals and it creates little pockets of air. The butter wraps around the sugar as it coats it and helps to say goodbye to the grainy texture.
  2. Don’t overmix your flour. You know how kneading bread makes it better….well it’s the opposite with baked goods. If you overmix your batter, it creates more gluten which can leave you with a tougher brownie. We want a tender one! Mix until just combined or even turn off your mixer and fold in your flour.
  3. Use high-quality cocoa. It’s the star ingredient and it’s integral to the overall success of the brownies. I buy Callebaut cocoa powder in bulk at Winco and even though it’s high-quality stuff, it is actually less expensive than buying one of the other popular brands in the store. It makes a huge difference in the depth of flavor.
  4. Add chocolate chunks. Because if you are going to eat chocolate, you want to really eat chocolate. Adding semi-sweet chocolate adds a richness to it and another depth of flavor. Guittard and Ghiradelli are some of my favorite brands of chocolate. Trader Joe’s makes a killer chocolate bar and it melts beautifully. If you are really crazy, add some white chocolate just to really mix it up (think Paradise Bakery black + white chippers).
Better than a Boyfriend Brownies with Caramel Dulce de Leche by Modern Honey - www.modernhoney.com

Feel free to up your game and add some caramel or dulce de leche. People will be impressed at your mad skills. Carefully heat up a jar of that caramel goodness and swirl half of the jar into the brownie batter. Bake in oven. Once they come out of the oven, top and swirl with remaining caramel.

Better than a Boyfriend Brownies with Dulce de Leche Caramel by Modern Honey - www.modernhoney.com

Make sure you lick the spoon after you are all done…..in the name of research, of course.

Better than a Boyfriend Brownies with Dulce de Leche Caramel by Modern Honey - www.modernhoney.com

*They are adapted from I am Baker’s brownie recipe (who you must follow because she’s so hilarious and incredibly talented).

BETTER THAN A BOYFRIEND BROWNIES
 


PREP TIME
COOK TIME
TOTAL TIME
 
This rich and fudgy brownie will satisfy all your chocolate cravings.
Author: 
Recipe type: Dessert
Serves: 16
INGREDIENTS
  • 1 cup Butter, softened
  • 2 cups Sugar
  • 1 cup Brown Sugar
  • 4 Eggs
  • 1 Tablespoon Vanilla
  • 1 cup Flour
  • ½ cup Cake Flour
  • 1 cup Cocoa Powder
  • ½ teaspoon Salt
  • 1½ cups Semi-Sweet Chocolate Chunks or Chips
  • *Optional: add 8-ounce jar Dulce de Leche. Carefully heat in the microwave. Swirl in 4 ounces into the batter. Bake. Top brownies with remaining Dulce de Leche.
INSTRUCTIONS
  1. Preheat oven to 350 degrees.
  2. In a large mixing bowl, cream together butter, sugar, and brown sugar for 3-4 minutes or until light and fluffy. Add eggs one at a time, mixing well after each addition. Add vanilla.
  3. Stir in flour, cake flour, cocoa, and salt until mixed together.
  4. Fold in chocolate chips.
  5. Pour into 9 x 13 pan and spread evenly.
  6. Bake for 28-36 minutes.
  7. *Adapted from I am Baker's decadent brownies

BEST BROWNIES EVER. The Best Homemade Chocolate Brownies Recipe.  5-Star Rated Brownie Recipe. Most Popular Brownies! www.modernhoney.com #brownies #chocolate #brownierecipe #bestbrownies #chocolatelover #chocoholic #chocolatedessert #dessert #dessertbars

more recipes @ www.modernhoney.com

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