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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!

Best Strawberry Poke Cake

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Strawberry Poke Cake is made with white cake, soaked with a mixture of white chocolate strawberry sauce, topped with strawberry pie filling and creamy whipped cream.
Best Strawberry Poke Cake that I have ever had, hands-down! This cake is basically a dream come true, if you allow me to make a cheesy comparison, I would say that thats what probably angels eat! I mean, this Strawberry Poke Cake is so tender and so fluffy and it melts in your mouth. Its also moist, yes, I said it, its moist! Because it has been filled with the most amazing white chocolate sauce. Topped with a layer of strawberry pie filling and a thick layer of homemade whipped cream, each bite tastes like spring!

Usually, a Strawberry Poke Cake is infused with a strawberry gelatin mixture, well, I took it to a whole new level and I made a white chocolate strawberry sauce, that has been poured all over the cake and got into all the holes. Full of flavor, airy, sweet and bursting with all the delicious and different strawberry textures, this cake is fantastic and also very, very easy to make.

Strawberry Poke Cake is made with white cake, soaked with a mixture of white chocolate strawberry sauce, topped with strawberry pie filling and creamy whipped cream.

Ingredients
  • 1 box white cake mix plus ingredients to prepare the mix
  • Ingredients usually called for the cake mix:
  • 3 eggs whites
  • 1 cup water
  • 1/3 cup vegetable oil
  • Strawberry White Chocolate Mixture:
  • 14 oz sweetened condensed milk
  • 3/4 cups white chocolate chips
  • 1 package 3 oz JELL-O strawberry flavor gelatin
  • Other ingredients:
  • 2 cans 21 oz each strawberry pie filling
  • 2 cups heavy whipping cream full fat and cold
  • 2 tablespoons sugar
  • 1 teaspoon vanilla extract
  • 10-15 fresh strawberries sliced

Instructions
  1. Prepare White Cake:
  2. Preheat oven to 300F.
  3. Grease and sprinkle with flour a 9-x-13 inch cake pan.
  4. Prepare white cake mix according to box instructions. Pour batter into the prepared pan and bake for about 20-25 minutes, or until a toothpick inserted in the center comes out clean. Let cool for 10 minutes and using the bottom of a wooden spoon, poke holes all over the cake.
  5. Strawberry White Chocolate Mixture:
  6. In a medium, microwave safe bowl, combine white chocolate chips and sweetened condensed milk. Heat in the microwave until hot for about 1 minute, stir and heat 30 seconds or more if needed. Stir until fully combined, smooth and shiny.
  7. Stir in the strawberry gelatin mix.
  8. Pour the strawberry chocolate mixture all over the cake and using a spatula spread it evenly into the holes.
  9. Let the cake cool completely and refrigerate for about one hour.
  10. Other layers:
  11. Top the cake with the strawberry pie filling if using.
  12. Whipped Cream:
  13. In a large bowl, beat heavy cream, sugar, and vanilla extract until stiff peaks form.
  14. Using a spoon, scoop the whipped cream all over the cake and spread it with a spatula.
  15. Garnish:
  16. Garnish the cake with sliced strawberries.
  17. Refrigerate the cake for at least 8 hours or better overnight before serving.

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