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!

Thai Stir Fried Noodles (Pad See Ew)

Pad See Ew (which means Stir Fried Soy Sauce noodles) is one of the most popular Thai street foods. It's amazing how fast it comes together - once the ingredients are ready to throw into the wok, it takes less than 5 minutes to cook. Traditionally, this is made with Sen Yai which are wide, thin rice noodles. But these are only sold in Asian stores where I live (and I don't have one nearby) so I've made it with wide rice stick noodles which are readily available in supermarkets and it is a pretty close substitute. I've eaten enough Pad See Ew at Thai restaurants to assure you that there is no compromise on flavour!
Ingredients
  • Noodles
  • 6 oz / 180g dried wide rice stick noodles , or 15 oz / 450g fresh wide flat rice noodles (Sen Yai) (Note 1)
  • Sauce
  • 2 tbsp dark soy sauce (or sub with kecap manis) (see notes for substitutes)
  • 2 tbsp oyster sauce
  • 2 tsp soy sauce (normal all purpose soy sauce)
  • 2 tsp white vinegar (plain distilled white vinegar)
  • 2 tsp sugar (white or brown)
  • 2 tbsp water
  • Stir Fry
  • 2 tbsp peanut or vegetable oil
  • 2 cloves garlic cloves
  • 1 cup / 150g / 5oz chicken thighs (boneless, skinless), cut into bite size pieces
  • 1 large egg
  • 4 cups (packed) Chinese broccoli, leaves separated from stems (cut stems vertically into thin sticks)

Instructions
  1. Prepare the noodles according to packet instructions. Some just require soaking in boiling water for 5 minutes, others require cooking in a pot of boiling water for a few minutes. For fresh noodles, soak in boiled water in a bowl for a few minutes - do not boil in a pot. Drain when ready.
  2. Meanwhile, combine sauce ingredients.
  3. Mince the garlic straight into the wok with the oil. Place wok high heat. As the oil is heating, the garlic will gradually heat too and infuse the oil with flavour.
  4. When the oil is hot and the garlic is starting to turn golden, add the chicken and Chinese broccoli stems and stir fry for 1 minute.
  5. Move the chicken and Chinese broccoli to one side and crack in the egg, and scramble it. Don't worry if some of it sticks to the wok, it will char as you continue cooking - you want that chargrilled flavour!
  6. Add the noodles, Chinese broccoli leaves and the sauce. Fold gently to combine, for the sauce to coat the noodles evenly and to caramelise, and the leaves to just wilt. They only need to be just wilted because they will continue to cook while you are plating up.
  7. Serve immediately.
Recipe Adapted From recipetineats.com

Notes
1. Pad See Ew is traditionally made with Sen Yai rice noodles which are wide, flat rice noodles. These are quite difficult to find, even at Asian grocery stores here in Sydney, Australia. The best substitute is to use wide rice stick noodles. I use Pad Thai, the widest you can find at supermarkets here.
If you can find wide flat rice noodles, you will need over double the dried rice stick quantity which sounds like a lot I know, but the fresh noodles are really dense and heavy. Making this with fresh noodles really is fantastic, so keep an eye out for them! AUSTRALIA: Harris Farms now stocks wide flat rice noodles.

2. Dark soy sauce is thicker and slightly sweeter than normal soy sauce, and has a more complex flavour. It is available in Asian grocery stores and in the asian section of most large supermarkets. A great substitute is kecap manis which is an Indonesian sweet soy sauce. Otherwise, to make your own substitute, use 1 1/2 tbsp soy sauce with 1 tbsp honey instead of 2 tbsp sweet soy sauce.

Normal soy sauce - I use Kikkoman. Look for a soy sauce bottle that does not say dark, light, sweet or salt reduced on it!

3. If you can't find Chinese broccoli, you can substitute with other leafy Chinese vegetables such as pak choy or bok choy. You can also add other vegetables if you wish.

4. You can substitute the chicken with other proteins suitable for stir frying, even tofu or prawns.

4. You can use other noodles if you want, fresh or dried, rice or egg noodles. However, I do not recommend using vermicelli as it is too thin for the strong flavours of the sauce.

5. If you accidentally add the noodles into the pan before checking they are properly rehydrated, simply add 1/2 cup of water to the pan and bring it boil, tossing the noodles to finish "cooking" them. It won't take long because rice noodles do not require much cooking - maybe 1 minute or so, and the dish will still come out fine (though if you already added the broccoli leaves then they will be very wilted rather than just slightly wilted).

6. Nutrition per serving, assuming 3 servings.


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