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!

Miso Chicken

Marinated in a homemade all-purpose miso sauce and pan-fried till crispy, this Miso Chicken is very moist, flavorful, and delicious. Serve over steamed rice and drizzle extra miso sauce on top!


When you need a little break from the classic Chicken Teriyaki, try this Miso Chicken . Marinated in a sweet and savory umami-packed miso sauce, this Miso Chicken yields plenty of flavors.
The best part? It’s so easy to pull together and goes well with steamed rice. Because it’s best when you prep ahead, this delicious chicken dish might become a regular on your midweek dinners.

Use of All-Purpose Miso Sauce

This recipe uses my favorite All-Purpose Miso Sauce recipe. A versatile sauce that takes just a short time to make and can be stored in the fridge for up to 2 months.

From marinade to stir-fry to dressing, you’ll be surprised how this secret sauce can change how the food tastes. I shared the All-Purpose Miso Sauce recipe and tips in details on this post.

3 Tips for Cooking Miso Chicken

1. Use Skin-on Chicken Thighs

Bone-in, skin-on chicken thighs are a budget-friendly cut, but they are also more flavorful and delicious.
You must sear the thighs skin-side down in a hot frying pan undisturbed until the skin is well-browned and crispy, which typically takes about 7 minutes. Fat (healthy unsaturated fats) will slowly render, and the skin will become browned and crisp – the perfectly cooked chicken thigh.
In the U.S., boneless skin-on thighs are not common. You can purchase bone-in, skin-on chicken thighs and remove the bones yourself, or ask the butcher to remove them for you (but you are paying for the total weight with bones).

2. Marinate for 24 hours

For the best result, I suggest marinating the chicken in All Purpose Miso Sauce for 24 hours. I personally think chicken should not be marinated more than 24 hours because it can get too salty.  I’ve tried marinating for 1 hour and for several hours, but the flavor seems to be still on the lighter side.

3. Remove Miso Sauce COMPLETELY

Miso burns easily and fast, so do your best to remove the Miso Sauce with a paper towel before you cook the chicken. Don’t worry about the flavors. Marinating the chicken for one day gives plenty of flavors to soak into the chicken. If you like to drizzle additional sauce, then combine the All-Purpose Miso Sauce and a little bit of water in the pan to make a quick sauce.
When you are removing the Miso Sauce with a paper towel, thoroughly pat the skin dry. When the skin is moist or wet, it’s more likely to stick to the pan, and therefore won’t crisp up quite as nicely.
The cooking part is fairly straight-forward and the key is to leave the chicken undisturbed when you pan fry it in a hot pan.
Serve this Miso Chicken with a side vegetable or over steamed rice, and miso soup, you’ll be rewarded with a wholesome meal that wins over a takeout anytime. Oh, and the leftovers are perfect to pack up for your bento lunch too.

Other recipes with Miso:

  • Summer Vegetables Baked in Parchment Paper
  • Miso Nikomi Udon

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MISO CHICKEN
Prep Time
10 mins
Cook Time
15 mins
Marinating
1 d
Total Time
25 mins
 
Marinated in a homemade all-purpose miso sauce and pan-fried till crispy, this Miso Chicken is very moist, flavorful, and delicious. Serve over steamed rice and drizzle extra miso sauce on top!
Course: Main Course
Cuisine: Japanese
Keyword: miso, miso chicken, miso sauce
Servings5
AuthorNami
INGREDIENTS
  • 5 boneless skin-on chicken thighs
  • 5 Tbsp all-purpose miso sauce (1 Tbsp for each chicken thigh)
  • 1 Tbsp neutral flavor oil (vegetable, canola, etc) (for cooking)
For Drizzling Sauce (for one chicken thigh)
  • 1 Tbsp all-purpose miso sauce (Homemade - See Notes for the recipe)
  • 1 Tbsp water
For Toppings
  • 1 tsp white sesame seeds (roasted/toasted)
  • 1 green onion/scallion (chopped)


Recipes Adapted By www.justonecookbook.com

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