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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!

Roasted Heart Potatoes

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If you're trying to be extra romantic for Valentine's day this year, there's still time! Especially if you are like many other long-term couples and don't celebrate necessarily on V-day. This year, our Valentine's dinner is coming the weekend after, even though we show our appreciation for each other every day. I always say that food tastes best made with love, and this duck à l'orange is about as fancy and romantic as it gets.
INGREDIENTS : 
  • 6-7 lb whole duck
  • 1/2 cup orange juice
  • 1/2 cup chicken OR duck broth
  • 2 blood oranges
  • 3 tablespoons honey OR spicy/hot honey
  • 2 tablespoons white wine vinegar
  • 3 tablespoons cumin
  • 3 tablespoons dried marjoram leaves
  • 3-4 sprigs fresh thyme
  • 3 tablespoons fresh parsley, finely chopped
  • 1 onion, quartered
  • 1 lb rainbow roasting potatoes (optional)
  • For Sauce:
  • The Starving Chef Blog
  • 1/3 cup sugar
  • 1/2 cup orange juice
  • 2 tablespoons white wine vinegar
  • 2 tablespoons ginger, finely minced
  • 1/4 cup duck broth (from pan drippings)
  • 2 tablespoons flour

INGREDIENTS : 
  1. Preheat the oven to 475 F. Arrange the rainbow roasting potatoes, if using, in the bottom of a shallow roasting pan. In a small bowl, whisk together the dried marjoram, thyme, parsley, and cumin.
  2. Gently score the skin of the duck in a crisscross pattern, taking care not to slice into the meat. Pat the duck completely dry then rub in the herb mix so that every part of the duck is covered in herbs.
  3. Quarter the onion and used blood orange rinds. Place them into the cavity of the duck. Secure the tail up between the legs, and tie with cooking twine to keep the cavity closed. Place the duck into the oven and bake for thirty minutes.
  4. While the duck cooks, squeeze the blood oranges and collect the juice in a small bowl. Whisk in the white wine vinegar, hot honey, orange juice and chicken broth.
  5. Remove the duck from the oven and reduce the temperature to 350 F. Tilt the pan at a slight angle, taking care to secure the duck, and pour off any excess fats in the roasting pan.
  6. Pour the blood orange and broth mixture onto the duck and into its cavity. Place back into the oven and bake for an hour to an hour and a half. **Every 20-30 minutes, tilt the pan to drain excess fat and juices.**
  7. Let the duck cook for about fifteen minutes before starting the l'orange sauce. In a small bowl, whisk together the remaining orange juice, ginger, and white wine vinegar.
  8. In a large sauce pot over high heat, melt the sugar until caramelized. To do this, pour in the sugar and let set until crumbly, stirring occasionally. As the sugar continues to melt, stir more frequently so it doesn't burn. Stir until the sugar has turned into a liquid caramel.
  9. Pour in the orange juice mixture. It will sputter and steam, so do this VERY CAREFULLY. Continuously stir the sauce until the caramel has melted into the liquid to form a thick sauce.
  10. Pour out the excess juice, but this time, pour it into a large pour or jar. Let the fats set and then skim off the golden liquid layer on top. You will need about 1/4 cup liquid.
  11. Whisk the flour into the golden liquid until mostly incorporated. Pour the mixture into the orange caramel sauce. Continue to stir until the sauce is smooth and glossy.
  12. The duck will be about 120 F - 130 F internally at this point - not quite ready (internal temperature will be 135 F for a rare duck, 140 F for medium, and 160 F-170 F for well done). Remove the duck from the oven.
  13. Pour half of the l'orange sauce onto the duck so it is completely covered. Return to the oven for ten minutes, then pour on the remaining sauce. Cook for another 15-30 minutes, or until the duck has reached 135 F (or your desired doneness). Serve with a kiss, and enjoy!
Recipe Adapted From thestarvingchefblog.com

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