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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!

EASY CHICKEN KORMA CURRY

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Welcome to the Shahi Darbar. Umm, what? Don’t worry, I’ll explain. Shahi Darbar is an Urdu term and it quite literally means the royal court. And the reason why I’m using this term to welcome you today, is because guess what’s cooking in the I Knead to Eat kitchen today? Easy Chicken Korma Curry.

Which is a totally royal, rich and comforting curry. And it’s perfectly paired with steamy white rice on a chilly fall evening.

Just in case you don’t know, korma is a rich curry which originates from the South Asian region. It’s a thick luscious, bursting-with-flavors curry which normally consists of some kind of meat or vegetables.

The curry itself is made from yogurt, cream, caramelized onions and cashew nut paste.
I know curries can be a bit daunting, but I hope the way I’ve explained it and the easy shortcut I mentioned will encourage you to try your hand at making this Easy Korma Chicken Curry at home. It’s better than take out! 🙂

Ingredients
  • 1/3 cup vegetable or canola oil
  • 4 medium sized red onions thinly sliced
  • 1/2 cup full fat yogurt
  • 1 tablespoon garlic paste
  • 1 tablespoon ginger paste
  • 500 grams chicken breasts cubed into 1 inch pieces (boneless and skinless)
  • 1 tablespoon Shaan Korma Masala can be reduced or increased for heat
  • Salt to taste
  • 1-2 cups water
  • Chopped coriander for garnish.


Instructions
  1. In a large pot, heat the oil and add the onions. Fry the onions on a medium high heat until caramelized and golden brown. The onions should be a deep, dark brown but not burnt. Take out the caramelized onions and place on kitchen paper to drain excess oil and let cool for a few minutes.
  2. Add the caramelized onions and yogurt to a blender or a food processor and blend until smooth. You may need to add 1-2 tablespoons water to get a smoother paste. Set aside.
  3. In the same pot, add the chicken and ginger garlic paste and cook on high heat until the chicken changes color and is no longer pink.
  4. Add the Shaan Korma Masala and salt and cook for 5-7 minutes until the oil separates and you can no longer smell the rawness of the spices.
  5. Add the yogurt-caramelized onions paste and water. Cook until it comes to a boil. Reduce the heat to medium-low, cover and let simmer for 15 minutes until you can see the oil separating from the curry.
  6. Take off lid and bring to another boil by increasing the heat then and turn off the stove.
  7. Garnish with chopped coriander. Serve with naan and white rice.
Recipe Source:ikneadtoeat.com

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