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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 LAVENDER CUPCAKES

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LEMON LAVENDER CUPCAKES
Lemon Lavender Cupcakes – easy lemon cupcakes with lavender buttercream frosting, topped with lavender flowers and fresh lemon slices. A new cupcake recipe by our contributor, Lindsay Conchar.
The lavender is also wonderful with the lemon. It complements the floral element really well. The lemon is incorporated into the cupcake with some fresh lemon juice and lemon zest. For the frosting, I used lavender extract and a sprinkling of lavender flowers for decorating.
These Lemon Lavender Cupcakes turned out great! The lemon cupcake is light and moist and the lavender frosting is soft and lovely. Together they make a great cupcake for trying something new or a fun get together. I hope you enjoy them as much as we did!
LEMON LAVENDER CUPCAKES
Lemon Lavender Cupcakes – easy lemon cupcakes with lavender buttercream frosting, topped with lavender flowers and fresh lemon slices.
Author: Lindsay Conchar
Yield: 12 - 14 Cupcakes
Category: ✽ ✽

INGREDIENTS
For the Lemon Cupcakes:
  • 6 tablespoons unsalted butter, room temperature
  • 3/4 cup sugar
  • 6 tablespoons sour cream
  • 1/2 teaspoon vanilla extract
  • 1 tablespoon grated lemon zest
  • 3 large egg whites, room temperature
  • 1 1/4 cups all-purpose flour
  • 2 teaspoons baking powder
  • 1/4 teaspoon salt
  • ¼ cup milk
  • 1 tablespoon water
  • 3 tablespoons fresh lemon juice (1-2 lemons)
For the Lavender Frosting:
  • 1/2 cup salted butter
  • 1/2 cup shortening
  • 4 cups powdered sugar
  • 2-3 tablespoons water or milk
  • 1/2 teaspoon vanilla
  • 1 1/4 teaspoon lavender extract
  • Violet icing color, optional
  • Lavender flowers
  • 6-7 Lemon slices, cut in half
INSTRUCTIONS
  1. To make the cupcakes, preheat the oven to 350°F (176°C) and prepare a cupcake pan with cupcake liners.
  2. In a large mixing bowl, cream the butter and sugar together until light in color and fluffy, about 3-4 minutes.
  3. Add the sour cream, vanilla extract and lemon zest and mix until well combined.
  4. Add the egg whites in two batches, mixing until well combined after each. Scrape down the sides of the bowl as needed to be sure all ingredients are well incorporated.
  5. Combine the dry ingredients in another bowl, then combine milk, water and lemon juice in a measuring cup.
  6. Add half of the dry ingredients to the batter and mix until well combined.
  7. Add the milk mixture and mix until well combined.
  8. Add remaining dry ingredients and mix until well combined. Scrape down the sides of the bowl as needed to be sure all ingredients are well incorporated.
  9. Fill cupcake liners about ¾ full. Bake for 15-17 minutes, or until a toothpick inserted comes out with a few crumbs.
  10. Remove cupcakes from oven and allow to cool for 2-3 minutes, then remove to cooling rack to finish cooling.
  11. While the cupcakes are cooling, make the frosting. Beat the butter and shortening together until smooth.
  12. Add about half of the powdered sugar and mix until smooth.
  13. Add about 2 tablespoons of water or milk and the extracts and mix until smooth.
  14. Add the remaining powdered sugar and mix until smooth. Add additional water or milk, if needed.
  15. Add violet icing color to the frosting until it reaches the desired shade of purple.
  16. Pipe the frosting on top of the cupcakes using a closed star piping tip like this one. Top the cupcakes with a sprinkle of lavender and half a slice of lemon.
NOTES
To make the frosting all butter, replace the 1/2 cup shortening with an additional 1/2 cup salted butter.




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