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!

Vegan Cajun Tofu with Creamy Grits and Greens

I used what some would call an excessive amount of garlic for the greens, but I am garlic obsessed! I used about 6 cloves, but you can dial it back a bit if you want. However, I recommend going full garlic. For sure! The beauty of all this flavor working together so harmoniously is amazing. One bite with grits, tofu and greens all together is pure bliss. Get a huge mouth full of everything, you will be super happy, I promise!
Super spicy Cajun crispy tofu served with creamy grits and super garlicky greens.

INGREDIENTS:
  • Cajun tofu
  • 1 Block extra firm tofu
  • 1 to 1 1/2 Tbsp. Cajun seasoning(store bought, or homemade-recipe below), depending on how spicy you want it.
  • Creamy grits
  • 1 C. Grits, old fashioned
  • 4 C. Water
  • 2 tsp. Salt
  • 2 Tbsp. Vegan butter, I used Earth Balance
  • Garlicky Greens
  • 2 Tbsp. Olive oil
  • 3 C. Greens, I used Kale and Dandelion greens
  • 4-6 Cloves of Garlic
  • Salt and Pepper to taste
  • Cajun Seasoning
  • 2 tsp. Garlic powder
  • 1 tsp. Onion powder
  • 1 tsp. Oregano
  • 1 tsp. Thyme
  • 1 tsp. Black pepper
  • 1/2 tsp. Cayenne pepper
  • 1 tsp. Salt
  • 2 tsp. Paprika
  • 1/2 tsp. Red pepper flakes

Instructions
  1. Preheat oven to 400 degrees.
  2. Press your tofu a bit to get some of the water out. Cut into small cubes.
  3. Toss in a bowl with the Cajun seasoning(make sure you are just using 1 1/2 Tbsp. of the Cajun seasoning). Place in a single layer on a prepared baking sheet. Bake at 400 for about 30 minutes until nice and crispy, flipping half way through.
  4. While the tofu is baking, start the grits, bring the water to a boil, add the grits, reduce to a simmer and cook covered for about 20 minutes.
  5. Once you have the tofu and grits going, you can saute the greens. Heat a saute pan with the olive oil, add the garlic and greens. Cook on medium high until the greens are wilted and cooked through. Add salt and pepper to taste. Turn off heat.
  6. Once the grits are done, add salt and vegan butter and stir.
  7. When everything is ready, the tofu, grits and greens, serve immediately all together with extra hot sauce if you want!
Notes
I have had some notes about it being too salty, however I think people may be using the entire Cajun seasoning recipe. The recipe says just to use 1-1 1/2 Tbsp of seasoning. I put the recipe below in case you can't find cajun seasoning or you just want to make your own.
By Lauren Hartmann

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