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!

Paleo Bang Bang Chicken (With Mango Cucumber Salad)

I háve wánted to máke á páleo báng báng chicken for á long time. You might háve come ácross the náme báng báng chicken or báng báng shrimp in á hipster fusion restáuránt but the náme is áctuálly Chinese (Szechuán) in origin. álso known ás bon bon chicken, the tráditionál dish consists of cold, shredded chicken drenched in spicy sesáme sáuce. The chicken is tenderised by pounding with á heávy wooden stick, ánd ás such, it is cláimed thát the náme refers to the sound of the chicken being pounded.
Ingredients
  • Coconut oil for cooking
  • For the chicken
  • 4 skinless, boneless chicken thighs
  • 1 teáspoon white pepper (bláck cán álso be used)
  • 1 teáspoon seá sált
  • 1 teáspoon pápriká
  • 1 teáspoon mild curry powder
  • 1 1/2 teáspoons onion powder
  • 1 1/2 teáspoons gárlic powder
  • For the slurry
  • 3 táblespoons tápiocá flour/stárch
  • 1 táblespoon coconut flour
  • 1/4 cup álmond milk or coconut milk (wáter could álso be used)
  • For the sáuce
  • 1 teáspoon coconut oil
  • 1/2 smáll brown onion, diced (or 1/4 lárge)
  • 1/2 long red chilli, sliced or finely diced
  • 1/4 teáspoon sált
  • 1 clove gárlic, finely diced
  • 3 táblespoons álmond butter
  • 2 táblespoons coconut áminos or Támári (wheát-free soy sáuce)
  • 2 táblespoons honey or máple syrup
  • 3 táblespoons coconut yoghurt or creám
  • 1/4 cup wáter
  • Juice of 1/2 lime
  • For the sálád
  • 1 heád of báby gem lettuce, shredded
  • 1/2 long cucumber, sliced into thin strips
  • 1 lárge cárrot, sliced into thin mátchsticks
  • 1/2 yellow pepper, thinly sliced into strips
  • 1 smáll mángo, sliced into thin strips or diced
  • 1/4 cup diced scállions/spring onion
  • Juice of 1/2 lime
  • Good pinch of sált


Instructions
  1. First, if you cán, I suggest to márináte the chicken for 30 minutes to án hour before cooking. Simply láy the chicken pieces on á cutting boárd (close together) ánd sprinkle evenly with áll of the spices ánd sált. Use your hánds to másságe the chicken meát to máke sure the spices áre distributed evenly. Leáve in the fridge for án hour or overnight ánd máke sure to remove from the cold for 10-15 minutes before frying.
  2. The next you cán máke the sáuce. This cán álso be máde áheád of time, if you’re doing this ás párt of meál prep on the weekend. Heát á smáll sáucepán over medium-high heát. ádd the coconut oil, onion, chill ánd sált ánd sáuté for 2-3 minutes, stirring á few times, until softened. ádd the rest of the ingredients ánd stir through over heát until melted ánd well combined (for ábout á minute).
  3. Tránsfer the sáuce mixture to á smáll blender or á food processor ánd blend until smooth. Tránsfer to á bowl ánd set áside. If storing in the fridge, simply reheát before serving to thin it out (you cán ádd á little more wáter if gets too thick in the fridge).
  4. If not using á blender or á food processor, dice the onions, chill ánd gárlic very finely, so thát once the sáuce is combined in the pot, you cán leáve it unprocessed.
  5. Máke the sálád before you stárt cooking the chicken. Thát wáy áll the components áre reády for service. Simply cup áll the sálád ingredients ánd ássemble in á bowl or á lárge plátter. Drizzle with lime juice, sprinkle with á little seá sát ánd drizzle with olive oil. Set áside.
  6. Now to cooking the chicken. Máke sure the chicken is out of the fridge so it’s not too cold. The first step is to máke the flour slurry. Combine the flours with the álmond or coconut milk ánd whisk through until smooth. ádd the slurry to the chicken ánd mix until evenly coáted.
  7. Heát 2 táblespoons of coconut oil (á thin láyer) over medium-high heát ánd once hot ádd the chicken pieces, one by one, máking sure there is á little spáce áround them. I like to use chopsticks for this ás you cán delicátely move the pieces áround the pán. Cook for 5 minutes on eách side. Use á thin spátulá to slide under the chicken, if if it feels á little stuck before you turn it over.
  8. Serve the chicken over the sálád plátter ánd drizzle with á few táblespoons of the sáuce. Serve extrá sáuce on the side. I like to álso serve some extrá green vegetábles such ás steámed broccoli or snow peás.
Recipe Adapted From eatdrinkpaleo.com.au

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