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!

Shrimp Tacos with “Awesome” Sauce and Chimichurri Slaw

Succulent shrimp, a twist of lime, a drizzle of tequila, and a good bit of spice sure sound like the beginnings of a stellar flavor combination for a shrimp taco recipe. But with the finishing touches of a cool and creamy “awesome” sauce and a crisp chimichurri slaw, these shrimp tacos will blow all others away.
Mildly spicy with a zippy kick, these little shrimp tacos are drizzled in a cool and creamy “awesome” sauce and topped with a crispy and refreshing chimichurri-dressed slaw.

These succulent shrimp tacos with a bit of heat, fresh ingredients, and a sauce that ties it all together are the perfect way to go when you’re craving something zesty.

Marinated in lime juice and smoky spices, seared off in a screaming hot cast iron skillet to golden and charred perfection, then deglazed with a good splash of tequila, the shrimp are the star players in these tacos—a delicious alternative to the common beef, chicken, or pork.

Ingredients:

  • • 1 pound peeled, deveined shrimp (medium size—you should have about 24 shrimp)
  • • Avocado oil
  • • Salt
  • • Black pepper
  • • Pinch or two cayenne pepper
  • • 1 teaspoon chili powder
  • • 1 teaspoon ground cumin
  • • 1/2 teaspoon ground coriander
  • • 4 cloves garlic, pressed through garlic press
  • • Zest of 1 lime
  • • Juice of 1/2 lime
  • • 2 tablespoons tequila
  • • Corn tortillas, warm
  • • Chimichurri Slaw (recipe below)
  • • “Awesome” Sauce (recipes below)
  • • Cilantro leaves, for garnish
  • • Cotija cheese, for garnish

Preparation:

-Place the shrimp into a bowl, and add in about 1-2 tablespoons of the oil; next add in a good pinch or two of salt and pepper, plus the cayenne, chili powder, cumin, coriander, garlic, and zest and juice of lime; marinate the shrimp for at least 20 minutes, or overnight, if doing ahead.

-Place a large cast-iron or heavy-bottom skillet over high heat, and drizzle in about 3-4 tablespoons of oil; once hot, add in the shrimp in a single layer, and allow to sear and become golden-brown on that first side, about 2-3 minutes; then turn and allow to sear on the second side for another couple of minutes.

-Once shrimp is seared/cooked through, add in the tequila and deglaze the pan (you can turn off your flame if this makes you more comfortable as alcohol can flare up), and allow the tequila to completely evaporate; spoon the shrimp onto a plate or bowl to hold.

-Assemble your tacos by laying down a couple of tortillas, then adding in a good heap of chimichurri slaw; top with about 3 shrimp, and drizzle some of the “awesome” sauce over top, and sprinkle with some cotija cheese and cilantro to finish.


Chimichurri Slaw Ingredients:

• 1 cup cilantro leaves, finely minced
• 4 cloves garlic, pressed through garlic press
• 1/2 teaspoon red pepper flakes
• 1/4 teaspoon (heaping) salt
• Pinch black pepper
• Juice of 1 large lime
• 2 tablespoons avocado oil
• 2 cups yellow cabbage, thinly sliced
• 2 cups purple cabbage, thinly sliced

Preparation:

-To make your chimichurri sauce, add all of the ingredients beginning with the minced cilantro leaves up to and including the avocado oil to a small bowl, and whisk together to combine.

-Add your sliced cabbage to another bowl, and add in the chimichurri sauce, and toss to coat; check to see if more salt/pepper is needed, and keep cold until ready to serve.
“Awesome” Sauce Ingredients:

• 1/2 cup mayonnaise
• 1/2 cup plain Greek yogurt (2%)
• 4 cloves garlic, pressed through garlic press
• 1/2 teaspoon salt
• Pinch black pepper
• Squeeze lime juice (1 teaspoon)
• Pinch cayenne pepper
• 1 tablespoons cilantro leaves, very finely minced

Preparation:

-In a small bowl, combine all ingredients until blended, and keep cold until ready to serve.


Recipe Source:thecozyapron.com

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