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-DEEP FRIED INDIAN CHICKEN 65 (NO MSG OR COLORING).

Making a platter of Indian chicken 65 at home just got easier because the recipe I’m posting here will provide you with clear instructions on how to make them without the usual msg or food coloring.

You can still get the deep red hue(close) that is the signature color of the chicken 65 dish using just one ingredient already in your kitchen. 

I have to admit, after making a variety of Indian chicken recipes, I am fascinated and eager to learn and make more of them, not only do they have different ways to cook chicken depending on the region but they really do know how to add flavors and spice combination that makes me appreciate their cuisine more.

My one regret is that I have to substitute certain ingredients, for example, I am substituting Kashmiri chilli powder with our regular Sri Lankan chilli powder, small changes like these makes me unhappy.

But at the same time, I have yet to be disappointed with the Indian chicken recipes cooked so far.

Ingredients
  • mentioned below use standard measuring cups and spoons.
  • 300g of boneless chicken cubes
  • 1 tablespoon of ginger-garlic paste(1/2 inch of ginger and 2 cloves of garlic minced should do)
  • 1 teaspoon of black pepper powder
  • 5-6 curry leaves chopped
  • Salt to season
  • 1 tablespoon oil
  • 1 tablespoon lime juice
  • 2 teaspoons of garam masala
  • 1 tablespoon of tomato paste(not sauce)
  • 1-2 tablespoon of corn flour
  • 1 egg beaten
  • Oil for deep frying
  • Tempering ingredients
  • 1/4 teaspoon of chilli powder
  • 5-6 curry leaves
  • 2-3 green chillies slit and deseeded
  • Slices of Onions for garnish(optional)
  • 1/2 cup chopped coriander leaves for garnish(optional)
  • sliced lime or lemon


Instructions
  1. Add ginger-garlic paste, chilli powder, pepper, lime juice, garam masala, oil and salt to season to a bowl, combine to make a marinade.
  2. Add chicken to the following marinade, mix and make sure the chicken is well coated with the spice mix, cover and refrigerate for at least an hour.the longer you marinate, the better chance the spice mix has time to work on the chicken, I actually did an overnight marination and made them for lunch.
  3. Once you take out the chicken from the fridge, let it reach room temperature. 30 minutes.
  4. Make sure the chicken has reached room temperature, then to the bowl of chicken, add the tomato paste and mix.
  5. Add the cornflour to the chicken and combine well, then add the beaten egg to the mixture and mix well, let it rest for 2-3 minutes while the oil heats.
  6. Frying the chicken
  7. Before you start frying, line a baking tray or bowl with paper towels for the fried chicken cubes.
  8. Place a deep medium sized pan over low heat and bring the oil to a temperature that you can fry the chicken cubes without burning them or frying them too quickly due to high heat that they end up being raw inside. to make sure you have the correct temperature, drop a small bit of the marinade, once it floats while sizzling and change color, you can start frying the chicken cubes in batches, at any point, should the oil start smoking, reduce and start heating the oil all over again.
  9. The chicken when fried should take on a slightly dark orange tinge. do not fry them long, since the cubes are small they should puff up a bit due to the egg and cornflour and be soft.
  10. See notes to know what I did with the leftover marinade.
  11. Tempering the fried chicken.
  12. Once you’ve fried all the chicken cubes, set them to drain excess oil.
  13. Place a separate frying pan over low heat, the pan should be large enough to hold all the fried chicken cubes.
  14. To this pan, add 3-4 tablespoons of oil you used for frying and heat over a low fire, add the curry leaves, split green chillies, onions(optional)and temper for 2-3 minutes.
  15. Remove from fire and transfer all the chicken cubes to the tempering, toss it a few times to combine, garnish with onions, coriander leaves and a few lime wedges.
  16. Best served warm.

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