» » No. 28 – Margarita pie with a pretzel crust

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!

No. 28 – Margarita pie with a pretzel crust

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Frozen Margarita Pie with a Pretzel Crust ~ a wonderful light and creamy grown-up dessert that is incredibly easy to make with just a few tasty ingredients.  This is a must make for all your summer parties!

Get out the easy button because this Margarita pie with a pretzel crust is just that, easy and delicious.  It’s light, creamy, not too sweet, not too boozy, and since it’s a frozen pie, it’s a perfect dessert on a hot summer night.   We loved this pie so much, we turned it into Creamy Margarita Pretzel Bars too!

The pretzel crust is crispy, a little salty and slightly sweet.  You really taste all the flavors in this Margarita pie.  And, you know I wouldn’t just tell you this without checking with my senior taste tester first.  Traveling husband declared it delicious and said it tastes just like a Margarita.  If you prefer to skip the alcohol use equal amounts of orange juice instead!

A wonderful light, creamy grown-up dessert that is incredibly easy to make with just a few tasty ingredients. Not too sweet, and not too boozy, this is a must make for all your summer parties!

Ingredients
For the crust:
  • 5 tablespoons unsalted butter, melted
  • ¼ cup sugar
  • 2 cups pretzel sticks
  • 2 sheets of graham crackers (four squares)

Filling:
  • 1 (14 ounce) can sweetened condensed milk
  • ⅓ cup fresh lime juice
  • 2 tablespoons tequila
  • 1½ tablespoons triple sec
  • 1 cup heavy whipping cream, whipped
  • 3 drops green food coloring (optional)

Topping:
  • Lime zest, for garnish
  • ½ cup whipping cream
  • 2 tablespoons powdered sugar



Instructions
  1. Preheat oven to 350 degrees. Lightly spray a 9-inch pie plate with Pam, set aside.
  2. In a food processor, pulse the pretzels and graham crackers until crushed. You will need enough to measure 1¼ cups of crushed pretzels and crackers. Combine the melted butter and sugar. Add the crushed pretzels and crackers, mix well. Press the mixture into the bottom and up the sides of the prepared pie plate. Do not press too hard or it will be difficult to eat with a fork once frozen. Bake for 7-10 minutes in a preheated oven at 350 degrees. Cool completely. If the crust slumps in the pan while baking, use a spoon to press the hot crust up the sides of the pan. Again, don't press to hard as it is best not overly compacted.
  3. In a small mixing bowl, beat 1 cup heavy whipping cream until stiff with an electric mixer.
  4. In a medium mixing bowl combine the condensed milk, lime juice, tequila and triple sec. Add the food coloring if desired (I did not use). Gently fold the whipped cream into the condensed milk mixture until blended. Do not beat or whisk.
  5. Pour the filling into the prepared crust and freeze at least 4 hours (overnight works best). Garnish with fresh lime zest and/or decorate with sweetened whipped cream.
  6. This pie is best cut when frozen and allowed to rest for 5-10 minutes before serving.

Notes
Once frozen, transfer the pie to a container with a tight fitting lid or wrap to prevent freezer burn. You can also slice the frozen pie and place the pieces in an airtight container to store. 

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