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!

Arroz con pollo (rice with chicken) -Easy Costa Rican Recipe

Arroz con pollo (rice with chicken) is the quintessential Costa Rican dish. It’s on every menu and can be found at almost any celebration. It’s such a common dish that ticos have dubbed it “arroz con siempre” (rice with always). It’s traditionally  served with a simple lettuce, tomato and lime juice salad and either potato chips or french fries – so yummy!

A few years after I married my Costa Rican husband, I spent a summer in the Central Valley of Costa Rica learning how to make all of his favorite dishes from childhood (like this chicken and garbanzo bean soup- yum!). Arroz con pollo from his Aunt Flor was the first dish that he mentioned, and I dutifully learned all of her secrets.

Her recipe was time and labor intensive however, and so I decided to make it so much easier- easy enough for a weeknight dinner! I didn’t change the taste, though. Here I share with you my easy and flavorful version of the most popular Costa Rican dish – arroz con pollo.
This arroz con pollo recipe combines rice flavored with chicken stock and a rich sautée of vegetables and spices. It’s prepared in two parts and then combined at the end. It’s common to prepare arroz con pollo ahead of time and reheat, or serve immediately after preparing.
Ingredients:
  • 4 C white rice 
  • 32 oz chicken stock  or broth (optional)
  • 1 tsp achiote/annato paste optional
  • 1 1/2 tsp  Salt 
  • 1 TB oil
  • 1 rotisserie chicken deboned and shredded
  • 1 TB butter
  • 1 can of mixed vegetables  drained
  • handful cilantro
  • 1 red pepper cored, seeded and chopped finely
  • 1 stalk of celery chopped finely optional
  • 1 small white or yellow onion finely chopped
  • 2 garlic cloves, pressed
  • 3 TB ketchup 
  • 3 TB soy sauce 
  • 3 TB Salsa Lizano* 


Instructions
  1. Start by preparing the rice in the rice cooker. You will prepare the rice the traditional Costa Rican way, lightly coating the bottom of the rice cooker with oil. Measure out the rice and pour it over the oil. Next add the salt and achiote. (Achiote is a colorant commonly used in Latin cooking. It does not affect the flavor of the dish, only the presentation, and for this reason it is optional.  It can be found in most supermarkets in the Latin aisle, or you can order it on Amazon here) (affiliate).
  2. Stir the rice and seasonings to fully coat. Measure out equal parts chicken stock to rice (4 cups) and add to the dry rice and stir again. The chicken stock can be replaced by water in this recipe, but you would want to add a bit more salt, and know that the rice won't have the same flavor.  Cook the rice.
  3. While the rice is cooking, you will begin to make your sofrito, which is the flavor base for the chicken. In a large skillet, melt the butter on medium heat. Once melted, add the cilantro, red pepper, onion and garlic and cook until soft and translucent. This is your sofrito. When the arroz con pollo dish is finished, these ingredients should be imperceptible to the eye, so it is important to chop everything VERY finely.
  4. Next add the chicken and cilantro to the pan, and stir until the cilantro has wilted and the chicken is coated in the sofrito. By this time, the rice should be cooked. Add all of the rice to the skillet and begin to mix everything together.
  5. This is where you will add your ketchup, soy sauce, and Salsa Lizano to the arroz con pollo. I add them one at a time in a circle on the pan, stirring after each addition until the sauces are evenly mixed in. I do find that using the rice paddle from the cooker is the best way to do this. After the sauces have been added, mix in the mixed vegetables. Taste everything to make sure that the arroz con pollo has the right amount to salt. You can adjust the flavor by adding salt, the sauces, or a little water if the flavor is too strong.
  6. Serve arroz con pollo with salad and potato chips or homemade french fries... and an Imperial beer if you are feeling like a fiesta!
Recipe Notes
*Salsa Lizano is a traditional Costa Rican flavoring sauce and used in most dishes to create a distinctly Costa Rican flavor, like in picadillos. It is not spicy.

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