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!

Spicy Vegan Potato Curry (Dum Aloo)

This spicy vegan potato curry is full on with flavour and easy to make with pantry staples. Fried potatoes are simmered in a spicy and savory tomato-cashew sauce infused with delicious, aromatic Indian spices. You’ll be surprised by how tasty the humble potato can be!
I love me a potato curry. Truth be told I love any kind of curry, but I especially love me a potato curry. Or anything potato for that matter.

It would be a toss up between which I love more, potatoes or garlic (see last post), and I could happily eat potatoes in any form on a daily basis (potatoes and garlic = heaven).
Curry is an incredibly versatile dish, anything goes and you can make it as simple or as complex as you like. This spicy vegan curry dum aloo is Punjabi style, and I would say that it’s about average in terms of complexity.

Not because it’s particularly difficult, but because there are several steps involved and it takes a bit of time to put together. But it’s totally worth it.
I love me a potato curry. Truth be told I love any kind of curry, but I especially love me a potato curry. Or anything potato for that matter.
It would be a toss up between which I love more, potatoes or garlic (see last post), and I could happily eat potatoes in any form on a daily basis (potatoes and garlic = heaven).

Curry is an incredibly versatile dish, anything goes and you can make it as simple or as complex as you like. This spicy vegan curry dum aloo is Punjabi style, and I would say that it’s about average in terms of complexity.

Not because it’s particularly difficult, but because there are several steps involved and it takes a bit of time to put together. But it’s totally worth it.

This spicy vegan potato curry is full on with flavour and easy to make with pantry staples. Fried potatoes are simmered in a spicy and savory tomato-cashew sauce infused with delicious, aromatic Indian spices.

Ingredients
  • 12 baby potatoes (or large potatoes cut into small pieces)
  • 2 tablespoons and 1 teaspoon of vegetable oil, divided
  • 12 whole cashews, soaked in water for 30 minutes
  • 1/2 teaspoon fennel seeds
  • 2.5 cm (1 inch) piece of cinnamon
  • 2 green cardamom pods
  • 1 bay leaf
  • 2 cloves
  • 1 medium onion, chopped
  • 1 1/4 cm (1/2 inch) piece of ginger, chopped
  • 2 cloves of garlic, chopped
  • 2 spicy green chilies, chopped (adjust to taste)
  • 2 tomatoes, chopped
  • 1 teaspoon cumin seeds
  • 1 1/2 teaspoons chili powder
  • 2 teaspoons coriander powder
  • 1/4 teaspoon turmeric powder
  • Salt, to taste
  • 1 cup water
  • Fresh cilantro, to garnish

Instructions
  1. Bring a medium-sized pot of water to a boil and boil the potatoes until tender but not mushy. Drain the potatoes and allow them to cool. Peel them once cool enough to handle. While to potatoes are cooking, puree the soaked cashews with a bit of water in a food processor to a thick paste.
  2. Heat one teaspoon of oil in a large pan over medium heat. Fry the potatoes until lightly browned and crispy on all sides. Set aside on a paper towel to drain.
  3. Add one tablespoon of oil to the pan and allow it to heat on high. Once the oil shimmers, reduce the heat to medium and add the fennel seeds. Fry just until the seeds crackle and darken slightly and then add in the cinnamon, cardamom, bay leaf, and cloves. Continue frying for just a few seconds until they release their aromas.
  4. Add the onion, garlic, ginger, and green chili to the spices and cook until translucent. Add the tomatoes and cook until soft. Remove the pan from the heat and allow to cool. Once cool, puree in a food processor or blender.
  5. Heat one tablespoon of oil in your pan over high heat. Once shimmering, reduce the heat to medium and add in the cumin seeds. Fry until they begin to crackle and then add in the onion-tomato puree. Cook, stirring occasionally, until the liquid has evaporated and it forms a thick paste.
  6. Add in the dry spices: chili powder, coriander, turmeric, and a pinch of salt. Allow to cook for a minute, then stir through the cashew paste. Finally, add the water and bring to a boil. Poke the potatoes all over with a fork to allow the sauce to penetrate and add them to the pan. Simmer for 5 minutes or until the gravy has reached your desired consistency.
  7. Serve garnished with chopped fresh cilantro leaves.

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