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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!

Oreo Cheesecake Chocolate Cake

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Oreo Cheesecake Chocolate Cake, so decadent chocolate cake recipe. Oreo cheesecake sandwiched between two layers of soft, rich and  fudgy chocolate cake.
When you don't know what to make for dessert, a cake is always a good solution. This time, my choice was the decadent Oreo Cheesecake Chocolate Cake and trust me, it wasn't a mistake.

Well, If things are like that, I thought to myself, then it’s time to put that right! Of course, the next question was appearing by itself, which cake will we make? In the beginning of my blogging, I was very suspicious towards experimenting and always tried to copy the phenomenal recipes step by step. But with time, my kitchen adventures are becoming more and more original. I start from the proven recipes and change other little things and in the end, I get something completely new. OK, sometimes it didn’t come out best, but sometimes it was exactly what I was trying to get.

When you don't know what to make for dessert, a cake is always a good solution. This time, my choice was the decadent Oreo Cheesecake Chocolate Cake and trust me, it wasn't a mistake.

It was precisely what happened to my chocolate cake, which I decided do bake and broaden my category with chocolate cakes. Whatever the start was, the end result was a really decadent cake which I named Oreo Cheesecake Chocolate Cake.
I suppose that from the title itself, it was clear to you what this was all about. The cornerstone of my cake are of course two layers my favorite Hershey chocolate cake. But what was new this time is a beautiful white filling between the two layers made of a mix of specially scrambled heavy whipping cream and cream cheese,sugar with an addition of chosley chopped Oreo cookes. Of course, in order for the cake to get a really decadent outlook, there is the unavoidable chocolate ganache, this time made of milk chocolate with heavy whipping cream.
And so, with a little more decoration of chocolate chips, my Oreo Cheesecake Chocolate Cake was more than i expected in the beginning. At least as the cake look goes. But, the flavour of my new cake didn’t disapoint either. The beautiful white filling was a perfect fit with the two chocolate layers!

Ingredients

For chocolate cake:

  • 2 cups sugar
  • 1-3/4 cups all-purpose flour
  • 3/4 cup cocoa
  • 1-1/2 teaspoons baking powder
  • 1-1/2 teaspoons baking soda
  • 1 teaspoon salt
  • 2 eggs
  • 1 cup milk
  • 1/2 cup vegetable oil
  • 2 teaspoons vanilla extract
  • 1 cup boiling water

For no-baked Oreo cheesecake filling:

  • 1 1/2 cups heavy whipping cream
  • 8 oz. Cream Cheese-softened
  • 3/4 cup powdered sugar
  • 12 Oreo Cookies- coarsely crushed

For milk chocolate ganache:

  • 8 oz. milk chocolate-finely chopped
  • 1 cup heavy whipping cream

For garnish:

  • 1/2 cup chocolate chips
  • 3/4 cup whipped cream

Instructions

To make the cake:

  1. Preheat the oven to 350°F and grease two 9 inch round baking pans and line the bottom with parchment paper.
  2. In a large bowl stir together sugar, flour, cocoa, baking powder, baking soda and salt.
  3. Add eggs, milk, oil and vanilla and mix on medium speed 2 minutes.
  4. Add boiling water and mix until it’s smooth.
  5. Divide batter into 2 prepared pans and bake 30 to 35 minutes or until toothpick inserted in center comes out clean.
  6. Cool 10 minutes in the pans, than remove from pans to wire racks upside down (this flattens domed cakes) and cool completely.

To make the filling:

  1. In a large mixing bowl mix heavy whipping cream until firm peaks form.
  2. In another mixing bowl beat cream cheese and sugar until it’s smooth.
  3. Combine cream cheese and whipped cream and stir in crushed Oreo.

To make the ganache:

  1. In a sauce pan over a low heat melt chopped milk chocolate, remove from the heat and stir in heavy cream. Stir until it’s smooth and pour over the cake. (if it’s too runny cool it a little until ganache is thickened but still thin enough to drip down the sides of the cake).

To Assemble the Cake:

  1. Spread filling on bottom layer of cooled cake, carefully place the second layer on top of filling, then spoon chocolate ganache on top of the cake. Garnish with chocolate chips and whipped cream if desired.
all image & recipes adapted by omgchocolatedesserts.com

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