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!

Paleo Bang Bang Chicken (With Mango Cucumber Salad)

I have wanted to make a paleo bang bang chicken for a long time. You might have come across the name bang bang chicken or bang bang shrimp in a hipster fusion restaurant but the name is actually Chinese (Szechuan) in origin. Also known as bon bon chicken, the traditional dish consists of cold, shredded chicken drenched in spicy sesame sauce. The chicken is tenderised by pounding with a heavy wooden stick, and as such, it is claimed that the name refers to the sound of the chicken being pounded.


Ingredients
  • Coconut oil for cooking

For the chicken
  • 4 skinless, boneless chicken thighs
  • 1 teaspoon white pepper (black can also be used)
  • 1 teaspoon sea salt
  • 1 teaspoon paprika
  • 1 teaspoon mild curry powder
  • 1½ teaspoons onion powder
  • 1½ teaspoons garlic powder

For the slurry
  • 3 tablespoons tapioca flour/starch
  • 1 tablespoon coconut flour
  • ¼ cup almond milk or coconut milk (water could also be used)
For the sauce
  • 1 teaspoon coconut oil
  • ½ small brown onion, diced (or ¼ large)
  • ½ long red chilli, sliced or finely diced
  • ¼ teaspoon salt
  • 1 clove garlic, finely diced
  • 3 tablespoons almond butter
  • 2 tablespoons coconut aminos or Tamari (wheat-free soy sauce)
  • 2 tablespoons honey or maple syrup
  • 3 tablespoons coconut yoghurt or cream
  • ¼ cup water
  • Juice of ½ lime
For the salad
  • 1 head of baby gem lettuce, shredded
  • ½ long cucumber, sliced into thin strips
  • 1 large carrot, sliced into thin matchsticks
  • ½ yellow pepper, thinly sliced into strips
  • 1 small mango, sliced into thin strips or diced
  • ¼ cup diced scallions/spring onion
  • Juice of ½ lime
  • Good pinch of salt
Instructions
  1. First, if you can, I suggest to marinate the chicken for 30 minutes to an hour before cooking. Simply lay the chicken pieces on a cutting board (close together) and sprinkle evenly with all of the spices and salt. Use your hands to massage the chicken meat to make sure the spices are distributed evenly. Leave in the fridge for an hour or overnight and make sure to remove from the cold for 10-15 minutes before frying.
  2. The next you can make the sauce. This can also be made ahead of time, if you’re doing this as part of meal prep on the weekend. Heat a small saucepan over medium-high heat. Add the coconut oil, onion, chill and salt and sauté for 2-3 minutes, stirring a few times, until softened. Add the rest of the ingredients and stir through over heat until melted and well combined (for about a minute).
  3. Transfer the sauce mixture to a small blender or a food processor and blend until smooth. Transfer to a bowl and set aside. If storing in the fridge, simply reheat before serving to thin it out (you can add a little more water if gets too thick in the fridge).
  4. If not using a blender or a food processor, dice the onions, chill and garlic very finely, so that once the sauce is combined in the pot, you can leave it unprocessed.
  5. Make the salad before you start cooking the chicken. That way all the components are ready for service. Simply cup all the salad ingredients and assemble in a bowl or a large platter. Drizzle with lime juice, sprinkle with a little sea sat and drizzle with olive oil. Set aside.
  6. Now to cooking the chicken. Make sure the chicken is out of the fridge so it’s not too cold. The first step is to make the flour slurry. Combine the flours with the almond or coconut milk and whisk through until smooth. Add the slurry to the chicken and mix until evenly coated.
  7. Heat 2 tablespoons of coconut oil (a thin layer) over medium-high heat and once hot add the chicken pieces, one by one, making sure there is a little space around them. I like to use chopsticks for this as you can delicately move the pieces around the pan. Cook for 5 minutes on each side. Use a thin spatula to slide under the chicken, if if it feels a little stuck before you turn it over.
  8. Serve the chicken over the salad platter and drizzle with a few tablespoons of the sauce. Serve extra sauce on the side. I like to also serve some extra green vegetables such as steamed broccoli or snow peas.
Recipe Adapted From eatdrinkpaleo.com

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