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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!

LEMON MACARON

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This Lemon Macaron is a masterpiece – and with it you too can make French Meringues worthy of any bakery! I’m sharing all the tips and tricks you need to make gorgeous lemon cookies successfully.


Macarons are pretty cookies with their smooth round tops, cute ruffled feet and filling sandwiched between all that.  Honestly, they are gorgeous cookies.


There are many pieces to this recipe that will make or break you. Follow my instructions and you should be set.  Just remember, room temperature egg whites, thick and consistent batter, letting your shells rest before baking and even oven temperature!!

LEMON MACARON RECIPE
Slightly chewy, yet crunchy – sweet and yet tart.  This lemon macaron recipe is heavenly.  Enjoy!



Ingredients :

  • 3/4 Cup Powdered Sugar
  • 3/4 Cup Ground Almonds
  • 1 tsp finely grated lemon zest
  • 2 Large Egg Whites, room temperature
  • 1/2 Cup Granulated Sugar
  • 6 drops yellow food colouring

For the Filling:

  • 3/4 Cup Powdered Sugar
  • 1/4 Cup Butter, Softened
  • 1 tbsp lemon juice
  • 1 tsp vanilla

Instructions :

  1. Either Line 2 small baking sheets with the silicone mats OR with wax paper.  If using wax paper, trace a small cup or shot glass with a pencil to make guides for piping the macarons. Turn the wax paper over (so the pencil marks are on the back) and use it to line the baking sheets.  Set aside.
  2. Mix together the ground almonds, powdered sugar and zest in a medium bowl. Whisk together until smooth and set aside.
  3. With a stand mixer, whisk the egg whites in a large metal bowl until stiff peaks form. Add the sugar and food colouring and whisk until well incorporated, being careful not to over-whisk.
  4. Fold in the almond mixture with a flexible spatula, one spoonful at a time by repeatedly scraping around the bowl and moving towards the middle. Be careful not to overmix.  The batter is just right when it runs off your spatula slowly but consistently. If it gets as thin as pancake batter you have mixed it way too much.
  5. Transfer the batter to your piping bag, and holding the bag vertically, pipe the batter into the centre of each circle.
  6. Rest your macaron shells, uncovered, in a dry, cool place for 20-40 minutes. The batter will become dull as the shells form a “skin”.  Do not skip this step.
  7. Heat your oven to 275 degrees F*.  Bake in the middle of the oven for 15 minutes or until the shells have formed “feet” and the tops have set. Allow to cool on sheet for 15-20 minutes and then transfer to a wire rack to cool completely.

For the filling 

  1. Cream the butter then whisk in the powdered sugar, lemon juice and vanilla extract until smooth.
  2. Transfer into a piping bag and pipe frosting onto the flat side of one of the macarons and sandwich with another.

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