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!

The Best Filipino Pansit Recipe Ever

This “The Best Filipino Pansit Recipe Ever” post is our family’s recipe for the traditional Filipino pansit. This post contains affiliate links/ads. See disclosure/privacy policy. 
Whatever the occasion is, whether it’s a birthday, Christmas, Thanksgiving, and the likes, our family especially my mom and sisters would always prepare pansit as one of the main dishes.

It’s a traditional Filipino dish that is always requested and that is always present in every Filipino occasion. The lightness of the noodles, the sour and bitter flavor, and the aroma make this dish the perfect dish even for people with discerning taste buds.
Having said that, this dish is almost always requested in any gathering I go to.
A lot of my non-Filipino friends always request me to bring pansit for potlucks. Seriously, they love this dish and I am always happy to bring one because it’s one of those dishes that get consumed in no time.

This dish has been made time and time again in our family that my mother and sisters don’t even measure the ingredients. I guess when you make a dish over and over again you know the taste and you exactly know what’s missing in the recipe even at a mile distance.
That’s why when I told my sister that I needed to get her recipe, she was like “put some soy sauce, slice some carrots, etc.” She gave me all the ingredients but not the measurements.
For those who haven’t made pansit before, having the ingredients only don’t make sense. I feel you and that’s what I told my sister.
So, we sat down and listed down the ingredients with exact measurements. She even created her dish like she was cooking for an audience to make sure that she got the measurements right.

It’s a traditional Filipino dish that is always requested and that is always present in every Filipino occasion. The lightness of the noodles, the sour and bitter flavor, and the aroma make this dish the perfect dish even for people with discerning taste buds.

Having said that, this dish is almost always requested in any gathering I go to.

A lot of my non-Filipino friends always request me to bring pansit for potlucks. Seriously, they love this dish and I am always happy to bring one because it’s one of those dishes that get consumed in no time.

This dish has been made time and time again in our family that my mother and sisters don’t even measure the ingredients. I guess when you make a dish over and over again you know the taste and you exactly know what’s missing in the recipe even at a mile distance.


For those who haven’t made pansit before, having the ingredients only don’t make sense. I feel you and that’s what I told my sister.

So, we sat down and listed down the ingredients with exact measurements. She even created her dish like she was cooking for an audience to make sure that she got the measurements right.

Enough of this introduction and let’s go to the meat of this post, that is, the recipe.

Ingredients:
  • Water (for soaking the pansit bihon)
  • 2 tbsp vegetable oil
  • 4 cloves garlic, minced
  • 1/2 large red onion, sliced
  • ½ lb pork, thin sliced
  • 3/4 lb boneless chicken breast, cooked and shredded
  • 1 cup green beans, thinly and diagonally sliced
  • 1 carrot, julienned or cut into long, thin strips
  • ¼ cabbage, sliced
  • 1 cup celery, chopped
  • 2 tbsp fish sauce
  • ¼ cup soy sauce
  • 1 pack pansit bihon (500 grams)
  • ground pepper to taste
  • 1/4 tsp calamansi juice or lime juice

Equipment/Tools:
  • Bowl
  • Wok


Instructions:
  1. In a bowl, place the rice noodles also known as pansit bihon in a large bowl and soak it in warm water. When soft, drain and set aside.
  2. In a wok, heat oil in a wok over medium heat. Saute onion and garlic until soft. Stir fry sliced pork and cook until it’s tender. Mix chicken in the wok. The secret to making the meats (i.e. chicken and pork) tender is to not overcook them.
  3. Add green beans, carrots, cabbage, celery, fish sauce, and soy sauce. Cook until cabbage begins to soften. Do not overcook as overcooking the vegetable will absorb oil, which will alter the overall taste and texture of your pansit.
  4. Toss in noodles and cook until heated thoroughly. Stir occasionally to avoid noodles from overcooking.
  5. Dash with ground pepper and stir in the lime juice.
Final thoughts:
  1. That’s about it. Did I tell you that’s easy to create this dish. In a couple of steps, you can create pansit that you and everyone else will love.

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