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!

BANANA CARAMEL CUPCAKES WITH CARAMEL CREAM CHEESE FROSTING

These Banana Caramel Cupcakes are moist, fluffy, tender and have the most perfect banana flavour! Filled with homemade caramel sauce, rolled in toffee bits and topped with Caramel Cream Cheese Frosting — these cupcakes will have your taste buds going crazy!
I’ve been going caramel crazy lately. I made a ton of batches of both my Homemade Caramel Sauce and my Homemade Salted Caramel Sauce and have been topping EVERYTHING with it. I can’t help it. The stuff is addictive.

As great a topping as caramel sauce makes, there was no way in hell that was all I was gonna use it for. So to put my Homemade Caramel Sauce to better use, I swirled some into this banana bread and stuffed some inside these cupcakes. Those recipes were a caramel dream come true, but I still had loads of caramel sauce, so I thought “what the hell? Let’s bake more desserts!”
Fluffy and moist banana cupcakes with a smooth caramel filling that erupts in your mouth with every bite, a creamy and smooth caramel cream cheese frosting that’s to die for, and a toffee rim that adds amazing crunch and flavour. These are the true definition of cupcake bliss!

These Banana Caramel Cupcakes are moist, fluffy, tender and have the most perfect banana flavour! Filled with homemade caramel sauce, rolled in toffee bits and topped with Caramel Cream Cheese Frosting — these cupcakes will have your taste buds going crazy!
These Banana Caramel Cupcakes are moist, fluffy, tender and have the most perfect banana flavour! Filled with homemade caramel sauce, rolled in toffee bits and topped with Caramel Cream Cheese Frosting — these cupcakes will have your taste buds going crazy!

Ingredients
  • 1 recipe of my Homemade Caramel Sauce

Banana Cupcakes:
  • 1 and ½ cups all purpose flour
  • 1 and ½ tsp baking powder
  • ½ tsp baking soda
  • ½ tsp salt
  • ½ tsp ground cinnamon (optional)
  • ½ cup unsalted butter, room temperature
  • ¾ cup granulated sugar
  • ¼ cup light brown sugar, packed
  • 2 Tbsp vegetable oil
  • ½ cup sour cream, room temperature
  • 1 and ½ tsp pure vanilla extract
  • 2 large eggs, room temperature
  • 2-3 overripe large bananas, puréed or mashed (about 1 and ½ cups)

Caramel Cream Cheese Frosting:
  • ½ cup Unsalted Butter, room temperature
  • 1 (8 oz.) package full-fat cream cheese, room temperature
  • 1 tsp pure vanilla extract
  • 4 cups Powdered Sugar, sifted
  • ¼ cup caramel sauce (recipe above)
  • ¼ tsp salt

Optional Garnishes:
  • Toffee Bits
  • Extra Caramel Sauce
  • Fresh Sliced Bananas

Instructions:
  1. Make one recipe of my Homemade Caramel Sauce and allow it to chill in the refrigerator for a few hours. Meanwhile, make the cupcakes.
  2. For the Banana Cupcakes:
  3. Preheat oven to 350° F (177°C) and line a standard cupcake pan with paper liners and another pan with 5 liners, this recipe makes about 17 cupcakes. Set aside.
  4. In a large bowl, sift the flour, baking powder, baking soda, salt and cinnamon and whisk to combine. Set aside.
  5. In the bowl of a stand mixer fitted with a paddle attachment, beat the butter and both sugars on medium-high until light and fluffy, 2-3 minutes. Scrape down the sides and bottom of the bowl.
  6. Add oil, sour cream and vanilla and mix until combined.
  7. Lower speed to medium-low and add the eggs one at a time. Make sure to occasionally stop and scrape down the bowl.
  8. Gradually add the dry ingredients and slowly mix until just combined. Add the banana purée and mix until well combined. DO NOT OVERMIX. Batter should be thick.
  9. Scoop batter into cupcake liners, filling them ⅔ way full. Bake for 20-25 minutes or until a toothpick inserted into the centre comes out clean.
  10. Remove cupcakes from oven and allow to cool in pans for about 10 minutes, then transfer to cooling racks to cool completely.
  11. For the Caramel Cream Cheese Frosting:
  12. In a medium bowl using a handheld mixer, beat the butter and cream cheese until smooth and fluffy. Add vanilla and mix until combined.
  13. Add powdered sugar one cup at a time, mixing on low until combined.
  14. Add caramel sauce and salt and beat until completely smooth and combined.
  15. Assembly of the Banana Caramel Cupcakes:
  16. Core the centre of each cupcake using the bottom of a large piping tip, or an apple corer.
  17. Using a spoon or piping bag, fill the cupcakes with remaining caramel sauce.
  18. Fit one disposable piping bag with a large round tip and a second piping bag with a large star tip. Fill both piping bags with the caramel cream cheese frosting.
  19. Using the large round tip, pipe frosting starting from the center towards the outer edge so you have an even layer. Use a small offset spatula to smooth the top and edges. Roll the sides or top in the toffee bits.
  20. Using the piping bag fitted with a large star tip, pipe a swirl of frosting on top.
  21. Drizzle on more caramel sauce, if desired. Garnish with banana slices. Enjoy!
Notes
- Store cupcakes in an airtight container in the refrigerator for up to 3 days. Bring to room temperature before serving. 

-Caramel Sauce can be made a few days ahead of time and stored in an airtight container in the refrigerator. 

-Don't top the cupcakes with the banana slices until you're ready to serve. The banana will get soggy after awhile.


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