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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!

Save Heaven on Earth Cake

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Heaven on Earth Cake with delicious layers of angel cake, sour cream pudding, cherry pie filling, whipped topping, and almonds. Creamy and decadent, this cherry trifle is a sure crowd pleaser!

Save Heaven on Earth Cake

I was out running errands when I received this text from G, “Hey, there’s heaven on earth in the fridge”. Whaat? WTH is heaven on earth?

Naturally, my curiosity was piqued and, duly intrigued, my first stop when I got home was the refrigerator.


Heaven on earth cake, I soon discovered, is an icebox cake made with layers of cubed angel food cake, vanilla pudding with sour cream, cherry pie filling, whipped topping, and toasted almond slivers.

G’s mom has been making this refrigerator cake for years for potlucks and family get-togethers. Creamy and decadent, it never fails to impress the crowd!


This dessert is actually a cherry trifle. Why it’s called heaven on earth, I have no idea. G thinks it’s because of the use of angel food cake. I think it’s because every bite is like finding heaven on earth.


It’s so simple to make; you’ll be pleasantly surprised how amazingly delicious it turns out with hardly any effort. So easy in fact the hardest part of the recipe is waiting for it to set and chill!

Tips on How to Make Cherry Angel Trifle
The recipe calls for angel food cake but feel free to swap with pound cake, chocolate cake, vanilla sponge cake, brownies, crushed Oreos or sponge fingers for variety.
For an extra kick of flavor, briefly soak the cake cubes in sherry or fortified wine.
I used Cool Whip to cut down on prep time, but you can use whipped topping from scratch if you like. With an electric mixer, beat one cup of very cold heavy cream until stiff peaks form.
I usually use a 9 x 13 pan but if you want a thicker dessert, use a square 9 x 9 pan as in the video.
Not a fan of cherry pie filling? Swap with strawberry or blueberry pie filling! This dessert is amazing all year round; try apple pie filling during the Fall months.


Want more no-bake desserts to enjoy this Summer? You’ll love the coffee flavor in this espresso refrigerator cake! Also, try this Three-ingredient Oreo cake and save yourself a trip to the ice cream parlor. Enjoy!


Heaven on Earth Cake
Prep Time
20 mins
Total Time
5 hrs 20 mins

Heaven on Earth Cake with delicious layers of angel cake, sour cream pudding, cherry pie filling, whipped topping, and almonds. Creamy and decadent, this cherry trifle is a sure crowd pleaser!
Course: Dessert
Cuisine: American
Keyword: cherry trifle
Servings: 9
Calories: 331 kcal
Author: Lalaine

Ingredients

1 box Angel food cake or 1 prepared Angel Food Cake
1 package (3.4 ounces) instant vanilla pudding
1 1/2 cups milk
1 cup sour cream
1 can (21 ounces) cherry pie filling
1 tub (8 ounces) Cool Whip
1 tablespoon almond slivers, toasted

Instructions

Bake angel food cake according to package's directions. Allow to cool and cut into cubes.

In a bowl, combine pudding mix, milk, and sour cream and beat until smooth. Set aside.

In a 9x13 baking dish, arrange 1/2 of cake cubes in a layer.

Spoon 2/3 of cherry pie filling over cake. 

Place the remaining 1/2 of the cake on top of pie filling.

Spoon pudding over cake and spread evenly.

Spoon and spread whipped topping over pudding layer.

Garnish cake with the remaining pie filling and toasted almonds. Chill for about 4 to 5 hours.

Nutrition Facts
Heaven on Earth Cake

Amount Per Serving (9 g)
Calories 331Calories from Fat 72

 Daily Value
Total Fat 8g12%
Saturated Fat 4g20%
Cholesterol 21mg7%
Sodium 329mg14%
Potassium 245mg7%
Total Carbohydrates 59g20%
Sugars 26g
Protein 5g10%

Vitamin A8.1%
Vitamin C3.2%
Calcium14.3%
Iron1.8%
* Percent Daily Values are based on a 2000 calorie diet.




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