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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!

RASPBERRY MOUSSE RED VELVET CAKE

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Raspberry is one of my favorite flavors so when I started thinking about Valentine’s day desserts this year this Raspberry Mousse Red Velvet Cake seemed like just the right thing. Light and pink, raspberry mousse is the perfect Valentine’s Day dessert. Add that to red velvet cake and you have a little Valentine’s Day magic.

Not that this Raspberry Mousse Red Velvet Cake is only for Valentine’s Day. This is a dessert that everyone can enjoy all year long. These beautiful miniature mousse cakes are great for parties because they are just the right serving for one person and…well…just look at them! Who wouldn’t be impressed if you brought these out for dessert?
Raspberry Mousse Red Velvet Cake is an easy Valentine's Day dessert recipe made from layers of light, fluffy raspberry mousse sandwiched between thin layers of red velvet cake.

Ingredients
Red Velvet Cake:
  • 1 box Red Velvet Cake Mix + ingredients listed on back of box
  • Fresh raspberries for garnish

Raspberry Mousse:
  • 12 ounces Raspberries frozen
  • 1/2 cup Granulated Sugar
  • 1 tablespoon Lemon juice
  • 2 teaspoons Gelatin unflavored
  • 2 tablespoons Water
  • 2 cups Heavy Whipping Cream


Instructions
Red Velvet Cake:
  1. Bake the cake according to the instructions for a 9x13 sheet cake.
  2. Once the cake has baked and cooled level it using a knife or a cake leveler. Then use a 3-inch round cookie cutter to cut out as many circles as you can (you should get at least 6).
  3. Place these cake rounds in an airtight container and place in the freezer for at least 1 hour or overnight (you can make these up to a week ahead of time).
  4. Raspberry Mousse:
  5. In a small saucepan combine raspberries, sugar, and lemon juice. Cook over low heat until the sugar has dissolved.
  6. Pour the raspberry puree into a fine metal sieve, pressing on it to strain the seeds out of the raspberry puree. Set to the side and let cool to room temperature.
  7. In a small bowl add 2 teaspoons of gelatin and stir in 2 tablespoons of water. Stir until the gelatin is dissolved and set to the side to let it firm up.
  8. Pour the heavy whipped cream into the bowl of your mixer and set it to high, whipping the heavy cream into stiff peaks.
  9. Place the gelatin in the microwave and cook for 10 seconds so the gelatin softens back into a pourable consistency.
  10. Add the gelatin to the cooled raspberry puree and stir to combine.
  11. Gently fold the raspberry puree into the whipped cream until it is fully combined.
Assembly:
  1. Remove cake rounds from the freezer.
  2. Wrap an acetate cake strip around one of the cake rounds and cut to fit. Use this piece to measure and cut cake collars for each cake round.
  3. Cut each cake round in half to make two thin layers. Remove the top halves and set to the side.
  4. Wrap the acetate cake collars around the bottom half of each round using a piece of tape to secure it. Make sure the cake collar creates a cylinder that is the same width at the top as the bottom. Repeat for the bottom layer of each cake round.
  5. Place the cake rounds wrapped with the acetate cake collar on a baking sheet that will fit in the freezer.
  6. Fill a piping bag with your raspberry mousse and snip off the end.
  7. Pipe the raspberry mousse onto the bottom layer making a layer that is about 1 inch thick.
  8. Place the top cake layer on top of the mousse and press down lightly.
  9. Pipe a second layer of raspberry mousse on top trying to make it level.
  10. Repeat for all of the cake rounds.
  11. Place the raspberry mousse cakes in the freezer and leave for at least 30 minutes. The longer the better.
  12. When ready remove from the freezer and gently remove the cake collar.
  13. The cakes will thaw quickly so you can wait a few moments and serve or you can place them in an airtight container and put them back in the freezer for 2-3 days.
  14. Garnish with a fresh raspberry when ready to serve.

Recipe Notes
Note: If you would like the raspberry mousse to be a little more pink you can add a drop of pink food coloring. 

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